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Author's profile photo Nathan Genez

New Ways to Depreciate Fixed Assets in ERP 6.0 (Part 1)

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      Author's profile photo Ravi Rana
      Ravi Rana
      looking forward for more such blogs in ERP financial areas.

      Cheers,
      Ravi

      Author's profile photo Former Member
      Former Member
      This is very useful and interesting.Am obliged to the author for throwing light on these new functionalities.
      Ramesh
      Author's profile photo SAI KRISHNA VALLURUPALLI
      SAI KRISHNA VALLURUPALLI
      this is really helpful information.

      thanks alot
      sai krishna

      Author's profile photo Former Member
      Former Member
      Great posting Nathan - but as an accountant I need to know whether this new method complies to the latest GAAP? How would this apply to GASB Higher ed financial statements? Also in line with GASB rules?

      So does the new plans per the upgraded release follow new published rules?

      Author's profile photo Nathan Genez
      Nathan Genez
      Blog Post Author
      Mr. Lombard

      One of the drivers of this change was to account for different accounting policies around the world.  Some examples are the accuonting for impairments here in the US as well as several country specific changes for Japan. 

      As far as the specifics of GASB requirements in the US...  I'm not sure.  Feel free to send me a detailed question if you want.

      -nathan

      Author's profile photo Former Member
      Former Member
      1) When is the best time to activate this change?
      2) What must I do and check to avoid data inconsistencies?
      3) Apart from the depreciation calculation in FI-AA and bank statement
      display (FEBAN) what other functionalities will be affected?
      4) What other modules (CO, SD, MM etc) does it have an impact on?

      Kind Regards
      Theo

      Author's profile photo Nathan Genez
      Nathan Genez
      Blog Post Author
      1. I would definitely approach that decision during the upgrade project.

      2. I'll answer that in a follow up blog.

      3. As far as I can tell SAP has not published a comprehensive document on any of the enterprise add-ons.  The contents of the add-on are addressed within the release notes of each module...  so you would have to scan all of the release notes to get a full understanding of it.  I've found a single page in the online documentation that references the broad areas that are affected but nothing specific (http://help.sap.com/erp2005_ehp_01/helpdata/en/44/558b1099c93672e10000000a114a6b/frameset.htm).

      4. lots...  reference the link above.

      Author's profile photo Javier Reviriego
      Javier Reviriego
      Hello

      As a small contribution I would like to mention the new available BAdIs that replace former enhancements (AFAR0001-AFAR0004):

      BAdI FAA_DC_CUSTOMER
      BAdI FAA_EE_CUSTOMER

      Regards
      Javier

      Author's profile photo Former Member
      Former Member
      Hi Nathan,
      you have done a Good work. you have shared the valuable things by which all of us can enhance our knowledge on this topics. keep it up.
      Author's profile photo Former Member
      Former Member
      Hello Nathan,
      I read your article and its enlightening. However, i would like to know how we can deactivate this extension set once it has been activated. You have mentioned about deactivating in your blog but i have a done a lot of research in sap library and notes but nowhere i found a topic on deactivating EA-FIN. We are preparing to activate this extension set and i would like to know how to deactivate it just in case something unintentional happens. Thanks in advance.
      Author's profile photo Former Member
      Former Member

      Hello Nathan

      I read your well written and informative article on AROM. If you have a mailing listing, please add me, chris.courter@msbci.net.

      Again, great work.

      Chris Courter

      Author's profile photo Former Member
      Former Member

      HI Nathan,

      Thanks a lot. Just wondering, I have enabled the Financial Extension, but now the system doesn't allow me to dispose asset when the scrap value is equal to NBV like it used to...

      Any ideas? Thanks in advanced.

      Regards, Jiraiya    

      Author's profile photo Lakshmi Sama
      Lakshmi Sama

      Hello Nathan,

      You did an excellent job. Thanks for sharing your well written document and expecting mroe contributions from your end.

      Thanks & Regards,

      Lakshmi S

      Author's profile photo Former Member
      Former Member

      Excellent Job Nathan, Very Helpful and Informative.

      Author's profile photo Priguna Kurniadi
      Priguna Kurniadi

      Why you remove the blogs?

      Author's profile photo Nathan Genez
      Nathan Genez
      Blog Post Author

      I've moved it over here to our own site:  https://serioconsulting.com/blog/