Unilateral Asset – post asset in Local GAAP and PL expense in IFRS

Depending on legal regulations, an asset may be managed as an asset according to one accounting principle, while according to another accounting principle, instead of being managed as an asset, it is to be posted as expense directly to the profit and loss statement.

In my blog I will describe handling the case: post asset in Local GAAP 0L and PL expense in IFRS 2L.

Configuration SSCUI Assign G/L Account – 102622, add account assignment KTNAIB Account for Capitalization Differences/Nonoperating Expenses and the preferred GL Account (in my example 65200000 Other Suppliers).

1) Create Asset 60000005-0 Monitor Eizo 2 without activated depreciation area in 2L IFRS ledger

2) Post AP integrated acquisition

Document 1900000004, 1900000005 in 2L IFRS, you see posts to account 65200000 Other Suppliers, and technical clearing account is in balance.

Document 1900000004, 7000000036 in 0L ledger, local GAAP Germany

Sources:

Help Portal – https://help.sap.com/viewer/67e323b7117e4c91869c258933f47182/1909.000/en-US/5c371a51533a256ee10000000a445394.html

For SAP employees who have access to JAM – presentation – slide 18 onwards

https://jam4.sapjam.com/groups/4gzpQSiCcDXDLNNNBo5LEg/documents/DDeqTp2I4spu2JOOJwvbHA/slide_viewer