Intercompany Asset Transfers in fico

Purpose

Asset transfers involve the transfer of an asset between two companies (company codes) of the same corporate group. An intercompany transfer within a corporate group may be due to:

· A change of physical location that requires the asset to be assigned to a new company code.

· A change to the organizational structure of the corporate group that requires the existing assignment of the asset to be changed.

In both of these cases, you can not change the assignment of the asset to the company code through master record maintenance. For each asset that is to be transferred, you require a new asset master record (or an existing one for partial transfers) in the receiving company code. You can retain the identity of the asset using the inventory number in the asset master record.

The system provides you with a method that allows you to automate these activities to a large extent. With this method, the transfer is posted only on the sender company code. The posting in the target company code is executed automatically by the system. If a new asset needs to be created in the target company code, you can specify the asset class and other important master data in the relevant dialog box.

In this IDES process, you execute four transfers between company code 1000 and company code 2000, each with a different transfer variant.

You can find more information about this process under.

You can find the data for this process under .

Process Flow

1. You first
Create Four Asset Master Records, one for each transfer variant.
2. To capitalize these asset master records, you
Post the Acquisition to a Clearing Account.
3. 1. Variant:
Transfer the Asset "Gross".
4. 2. Variant:
Transfer the Asset "Net".
5. 3. Variant:
Transfer the Asset Manually With Gains.
6. 4. Variant:
Transfer the Asset Manually With Losses.
7. To check the effects of these transfers, you can
Display the Asset Explorer.

Enhancements to Asset Accounting when Using Parallel Currencies in FI

If you are using, or intend to use, parallel currencies in Financial Accounting (FI) additional Customizing settings are required for Asset Accounting (FI-AA). For example, you may want to use transfer prices.

The following Customizing changes are required:

• You need to create depreciation areas that have the same currency and currency type as the parallel currency in the relevant company code.
• The new depreciation areas must be capitalized in the asset classes, and
• The new depreciation areas must be added to the existing assets.

You can find more information about this process under

Process Flow

You can find the data for this process under

1. You first create depreciation areas 33 (book depreciation per trade law in group currency, concern valuation) and 34 (book depreciation per trade law in group currency, profit center valuation). The same depreciation parameters and acquisition values apply for both depreciation areas, as used in 01 (book depreciation per trade law ). However, you require currency type 31 for DA 33 and currency type 32 for DA 34. To do this, you
Define New Depreciation Areas.
2. For DA 51 you require two additional depreciation areas with identical depreciation parameters and acquisition values. Repeat the first step. Choose area 51 as the DA, then replace the entries for DA 33 with those of DA 53, and the entries for DA 34 with those of DA 54.
3. When you create the new depreciation areas, these are added to all asset classes. However, they are not capitalized at this stage. You now
Capitalize the Depreciation Areas in the Asset Classes.
4. To use the new depreciation areas with the old assets, you
Add New Depreciation Areas to the Existing Assets. This is executed automatically for all assets.

Mass Changes / Mass Retirements in fico

Purpose

Asset Accounting provides you with three possibilities for mass processing. Mass changes to master records, mass retirements, and the mass transfer of assets.

The changes you make to the master records are automatically processed to a large extent. You first define the change rules, then you select the relevant assets, and finally you execute the changes. This method could be used, for example:

• If changes are made to cost center planning and the cost center assignments of the affected assets need to be changed.
• During period-end closing, when the depreciation parameters need to be changed.
• Following legacy data transfer, when fields are to be filled with values that could not be transferred from the legacy system.
• Changes made at the asset class level only apply to newly created assets. Therefore, any changes made at asset class level must also be carried out for all existing assets.

You use a work list to select the assets required for the mass retirement. When you generate a work list, you need to specify whether the retirement is to be made with or without revenues.

You can find more information about this process under

Process Flow

You can find the data for this process under

1. To define the rules for the mass changes to the master record using the substitution technique, you
Define the Change Rule.
2. You then include the assets to be processed in a worklist. To do this, you
Create a Worklist.
3. To process the assets according to the chosen method, you
Release the Worklist. Mass changes are made to the master records, and during mass retirements, the system automatically generates retirement postings.

what is the Reasons For Archiving Financial Accounting Data in sap

What is financial archiving? Where it is used? Why? Where is it configured in IMG?

There are both technical and legal reasons for archiving Financial Accounting data.

Archiving:
1) Reduces storage and runtime problems caused by the constant growth of transaction data.
2) Makes master data easier to manage and to keep up to date.
3) Enables data to be accessed at a later date.

You can archive data no longer required in the online system using certain standard functions. This data is then stored in archive files and deleted from the online system. For legal and commercial reasons, it is important that you are able to access archived data files online again, and the reloading function allows you to do this.

Data must meet certain conditions before it can be archived. Some of these controls are already defined in the system, for instance the fact that you cannot archive documents that contain open items. Certain other controls are user-defined.
Every archiving function can be accessed from archive management (SARA).

To reach archive management, choose:
Tools --> Administration --> Archiving or from the Accounting --> Financial Accounting --> General Ledger, Accounts
Receivable, Accounts Payable or Banks menus --> Periodic processing Archiving .

When you access archive management from these menus, the archiving object is defaulted by the system in the field Object name. Otherwise you must enter the name of the archiving object manually.

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