on 12-30-2011 8:46 AM
Dear Expert,
Could you tell me about Asset revaluation in SAP? like the procedure, configuration or type of revaluation.
Kindly need your help.
Thanks and Best Regards,
YL
In order to compensate for an inflation-related reduction in the value of currency or for changed replacement values, it can be necessary to revalue fixed assets (either upward or downward) for one of these reasons:
o For management accounting purposes
o Due to tax requirements
The system has the following functions available for revaluation:
o Using index series, APC and cumulative value adjustments can periodically be revalued according to a price increase index.
o One-time or periodic revaluation of fixed assets due to legal requirements can be represented using revaluation measures.
Check settings/config at
SPRO-Financial Accounting (New)-Asset Accounting-Special Valuation-Revaluation of Fixed Assets-Maintain Accounts for Revaluation-Check all nodes here
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Hi,
1...In OABW and check both
revalue APC and
depreciation in the
depreciation area where you
want to post.
2.....Please maintain account
assignment in AO90 for your
Land Asset class in Balance
sheet area.
3....Then in OAYR tick Pos
revaluation since revaluation
will impact GL account upon
execution of Depreciation
run AFAB . 4..... Next do
revaluation postings in
AR29N/AR29. You can also
use ABAW and make use of
TT 800.
. Please note that these
posting will impact GLs once
you have executed Dep run.
Dnt forget to define revaluation measure in AUFW
Hope this helps.
Regards
Hi,
1...In OABW and check both
revalue APC and
depreciation in the
depreciation area where you
want to post.
2.....Please maintain account
assignment in AO90 for your
Land Asset class in Balance
sheet area.
3....Then in OAYR tick Pos
revaluation since revaluation
will impact GL account upon
execution of Depreciation
run AFAB . 4..... Next do
revaluation postings in
AR29N/AR29. You can also
use ABAW and make use of
TT 800.
. Please note that these
posting will impact GLs once
you have executed Dep run.
Dnt forget to define revaluation measure in AUFW
Hope this helps.
Regards
Procedure for Revalue the Fixed Assets:
1. Go to OABW and check both revalue APC and depreciation in the depreciation area where you want to post. This would help in identifying the area where the revaluation will have to be posted.
2. Go to OAYR and select the company code. Then click on the posting rules.
In the book depreciation area, go to other posting settings. Check post revaluation. This setting is required for posting the revaluation amount.
3. Go to AO90 and Create a revaluation APC as well as clearing account. The revaluation APC has to be a recon account and the revaluation clearing a P&L. Similarly create for depreciation as accumulated and a normal P & L.
4. Now go to ABAW, and select the asset to be revalued. Put the transaction type as 800. Press enter.
In the next screen give an asset value date, amount to be posted as revaluation. Now click save. An asset accounting document will be generated.
Note:
This revaluation amount will not be posted automatically. Once depreciation run takes place then only the amount gets posted to the GL account. Hence it is advisable to run at the year end.
Also the depreciation run has to be for the first time in order to get the revalued amount to be posted. Otherwise, the amount will not be posted in the GL account.
Run the Depreciation for a period in AFAB. If you do a test run you would be able to see the revaluation amount that has to be posted and the same would be reflected in the planned values in asset explorer (AW01N).
Same wonu2019t be reflected in the posted values unless the depreciation run was not a test run.
Once the depreciation run is done, revaluation account APC will be debited and the revaluation clearing account will be credited.
This revaluation account will then be transferred to P & L account by passing a manual entry.
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