Asset sales :
200001-0
Machine no.1
Acquisition
value 500000
Acquisition
depreciation 890
---------
Net book
value 30.04.2014 499110
Asset sales
on 01.05.2014 501000
----------
Profit on
asset sale 1890
1to check
fields status for field status group G052 use the Tr code is OBC4
Double click
on filed status groups folder
Double click
on field status group G052
Accounts for
fixed assets retirement
Double click
on Asset accounting
Asset
retirement make it required entry field
Save
Press enter
to save in your request
ASSET SALE
Path :Accounting
–financial Accounting –Fixed assets –Posting –Retirement –Retirement with
revenue –with customer (F-92)
Give
the document date & Posting date
:01.05.2014
Type
:DR
Company
code :YOUR
COMPANY
Posting
key :01
Account
no. :6600001
Enter
Ignore
the message press enter
Give
the amount :501000
Business
area :YOUR
COMPANY H
Text :Asses
sale
Posting
key :50
Account
no. :300102
Asset sale
Enter
Amount
:*
Business
area :YOUR
COMPANY H
Text
:+
Select
asset retirement check box
From
the menu select document –Simulate
Enter
Asset no. :200001
Sub number :0
Transaction
type :210
comes by default
(210 stand for retirement with
revenue)
Give the
asset value (Capitalization date):01.05.2014
Select
complete retirement check box
Enter
Contra
01 Customer
501000
70 Account Dep P & M 200001-0 890
40 Asset Sale
75 Plant & Machinery 2000001-0 500000
50 Profit on asset sale 1890
01 Customer 501000
50 P & M 501000
We get a
message correct the marked line item.
Double click
on blue font line item
Select
display document overview button
Asset sale on
20.05.2014 Sale
01 Customer 501000 Acquisition value 500000
70 Acc Dept P
& M 1500 Acc Dep up to 19.05.2014 1500
2000001-0 ----------
Net
book value 19.05.2014 4985000
40 Asset sale
501000
50 Asset sale
501000
75 Plant
& Machinery 500000 Asset sale on 20.05.2014 501000
2000001-0 CONTRA ----------
50 Profit on
asset sale 2500 profit
on asset sale 25000
Depreciation
A/c Accumulated
Depreciation account
3014 890 DR 2015 1500 3014 890
3115 610 DR 3115 610
(Dep up to
19/05/2014)
ASSET TRANSFER
When we
transfer an asset from one unit to another unit with the company code –we have
to transfer at cost HYD BGL
200001-0
Capitalization
date 20/04/2014
To transfer
asset on 01.05.2014 to BGL
To transfer
acquisition value
To transfer
accumulated depreciation from the date of receipt (From 01/08) depreciation
will be calculated in Bangalore
1st
Method 2d
Method
Two step
procedure one
step procedure
A) Creation
of asset master in BGL (AS01) Creation
of asset master and transfer values
B) Transfer
values
Path: Accounting
–Financial accounting –Fixed assets –Posting –Transfer –Transfer with in
company code (ABUMN)
Give
your company code :YOUR COMPANY
Ente
Give
the asset no. 200001 Sub No.0
Document
date :01.05.2014 |
Posting
date :01.05.2014 | à Today’s date
Asset
value date :01.05.2014 |
Text
:Asset
Transfer
Select
new asset radio button
Give
the description :Machine no.1
Asset
class :YOUR COMPANY 2000 Dept A
Select
master data button
Give
the business area :YOUR COMPANY B
Select
additional data button
Give
the capitalized on 01.05.2014
Select
depreciation area tab
Give
the depreciation key :YOUR COMPANY 1
Useful
life :20
years
Period
:5
months
Ordinary
depreciation date :01.05.2014
Select
back arrow
Enter
Select
save button or Ctrl+S
Go
and see the document FB03
Give
the document no.30
Company
code :YOUR COMPANY 1
Fiscal
year :2014
Enter
1) When we want to transfer no. of
assets at a time go for two step
procedure
2) When the asset has to be created in
the receiving unit as a sub asset goes for two step procedure.
Asset scrapping
200000-1
Motor in Hyderabad
This can’t be
sold transferred /used we can scrap the asset
Scrap asset
on 01.01.2015
It calculates
depreciation up to 31.12.2014
The net book
value will be charged to P & L Account
Impairment of assets (AS28)
If the
expected relation of the asset is less than net book value and future cash
flows are negative, we have to impair the asset for the difference.
To
check motor value as on 31.12.2014 (Tr code is S_ALR_87011965)
Press
all selections button
Give
the company code :YOUR COMPANY
Business
area :YOUR
COMPANY H
Report
date :31.12.2014
Select
execute button
Double
click on Dept A
Asset Scrapping:
Path :Accounting
–Financial accounting –Fixed Assets –Posting –Retirement- Asset retirement by
scrapping (Tr code ABAVN)
Give the
asset no.200001 Sub No.1
Document date
:01.01.2015
Posting date :01.01.2015
Asset value
date :01.01.2015
Text :Asset
scrapping
Save
Go and see the document (FB03)
Document no. :31
Company code :YOUR COMPANY
Fiscal year :2014
Enter
Capital work
in progress line item settlement
Machinery
01.11.2014 Debit to
CWIP Machine No.5
Freight
charges 05.11.2014 Asset
commissioned as machine no.5 on 31.12.2014
We
settle from CWIP to respective asset
Commissioning
charges This is linked with
CO this will be covered in the 30.11.2014 end
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