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  • Asset Impairment

    Transféré par

    kumar.rms
    103 vues12 pages
    This document discusses the process for recognizing asset impairment in SAP. It defines asset impairment as when an asset is worth less than its book value due to decline. It outlines the steps to configure asset impairment posting rules in SAP, create revaluation accounts, set up transaction types for impairment and reversal, and assign cost centers for impairment posting. The final step is to select assets to impair using transaction code ABAW and run depreciation to post the impairment amounts using transaction code AFAB.

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    SAP asset

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    This document discusses the process for recognizing asset impairment in SAP. It defines asset impairment as when an asset is worth less than its book value due to decline. It outlines the steps to configure asset impairment posting rules in SAP, create revaluation accounts, set up transaction types for impairment and reversal, and assign cost centers for impairment posting. The final step is to select assets to impair using transaction code ABAW and run depreciation to post the impairment amounts using transaction code AFAB.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    103 vues12 pages

    Asset Impairment

    Transféré par

    kumar.rms
    This document discusses the process for recognizing asset impairment in SAP. It defines asset impairment as when an asset is worth less than its book value due to decline. It outlines the steps to configure asset impairment posting rules in SAP, create revaluation accounts, set up transaction types for impairment and reversal, and assign cost centers for impairment posting. The final step is to select assets to impair using transaction code ABAW and run depreciation to post the impairment amounts using transaction code AFAB.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 12

    Asset Impairment

    1. PURPOSE: An asset that is worth less on the market than the value listed on the company's balance sheet due to an unexpected or sudden decline or antiquity innovation change, this could be the result of physical demage to the asset. 2. REQUIREMENT: IFRS requirement, Impairment of some Asset could be carried out. 3. CONFIGURATION STEP: 3.1. Go to tcode OABW to check revalue APC in the depreciation area where you want to post. This would help in identifying the area where the Impairment will have to posted.

    3.2. Go to tcode OAYR and select your company code. Then click on the posting rule. In the book depreciation area, go to Other posting settings. Check on "Post revaluation". This setting is required for posting the impairment amount.

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    Asset Impairment

    3.3. Go to tcode AO90 and create a revaluation APC for each fixed asset class and clearing account Revalutaion APC. The revaluation APC has to be a reconciliation account and the revaluation clearing is P/L account.

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    Asset Impairment

    3.4. Go to tcode AO84 to create Transaction type, example "Z80", "Z81", "Z82", "Z83" - Z80: Impairment Loss (Prior-Yr acq.)

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    Asset Impairment

    - Z81: Impairment Loss (Curr-Yr acq.)

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    Asset Impairment

    - Z82: Reversing an Impairment Loss (Prior-Yr acq.)

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    Asset Impairment

    - Z83: Reversing an Impairment Loss (Curr-Yr acq.)

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    Asset Impairment

    3.5. Go to tcode ACSET and select the company code, then choose Book depreciation area, add account assignment object "KOSTL" - cost center and account assignment type "Depreciation Run". This setting is required cost center for posting the impairment GL account when Depreciation Run.

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    Asset Impairment

    4. BUSINESS SCENARIO: - Post impairment asset: Tcode ABAW: Now, go to tcode ABAW, select the asset to be impaired. Put the transaction type as Z81, press Enter. In the next screen give an asset value date, amount to be posted as Impairment. Now, click Save. An asset accounting document will be generated.

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    Asset Impairment

    NOTE: This impairment amount will NOT be posted automatically. Once depreciation run takes place then only the amount gets posted to GL account. a. Impair loss

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    Asset Impairment

    b. Reverse Impair loss

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    Asset Impairment

    - Run depreciation: for a period in tcode AFAB: a. Impair loss

    b. Reverse Impair loss:

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    Asset Impairment

    End

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