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Revaluation of Fixed Assets

Configuration
1. Creation of Transaction Type:
Create a new transaction type for Consolidation in Customizing
SPRO ® Enterprise Controlling ® Consolidation ® Integration: Preparation for
Consolidation ® Preparation in the Sender System ® Preparation Related to All
Consolidation Types.

Consolidation reports normally requires a Consolidated Fixed Asset schedule that shows
Acquisition, Depreciation, Transfers etc. SEM-BCS handles this through consolidation
transaction types (which is different from Fixed Asset movement types). Fixed Asset
transaction types are assigned to Consolidation transaction types.

Make the following entries:


Field Enter/select
Trans. Type Z90
Trans. Type Description Asset revaluation
+/- Sign +
Carryfwd trans.type 100
TTy: Retirement 140
No changes to balance c/f Do not tick or Do not check box
Year of acq. Only current year Do not tick or Do not check box

Ravi Shanker .A.S


Revaluation of Fixed Assets

Click on

2. Creation of Transaction Type:

Create a new transaction type in Customizing for Financial Accounting (FI)


SPRO ® Asset Accounting ® Transactions ® Acquisitions ® Define Transaction
Types for Acquisitions ® Double Click Define Transaction Types for Acquisitions.

The revaluation posting is not an acquisition, but you need to create it in an


acquisition type transaction group so that the report immediately updates the G/L
account.
Make the following entries:
Field Enter/select
Trans. Type Z60
Trans. Type Description Asset revaluation with write-back
Trans. Type Group 89 (new valuation with depreciation
adjustment)
Account Assignment Credit transaction
Capitalize Fixed Asset Leave this field blank
Document Type AA (or your own customized document type
for revaluations based on AA)
Posting Type Gross
Posting Type Do not post to affiliated co.
Other Features: Cannot be used manually Leave this field blank

Ravi Shanker .A.S


Revaluation of Fixed Assets

Consolidation transaction type Z90


Asst Hist Sheet Grp YY (or your own configured history sheet
group)
You can use the same transaction type for both an increment and a decrement since
the depreciation must be written back in both cases and the only difference is the
sign entered against the revaluation posting amount (positive or negative).

Click on

Ravi Shanker .A.S


Revaluation of Fixed Assets

Limit the transaction type to the depreciation area where revaluations are handled. To
do this, proceed as follows:
a. SPRO ® Asset Accounting ® Transactions ® Acquisitions ® Define
Transaction Types for Acquisitions.
Double Click: Limit Transaction Types to Depreciation Areas.
c. Drill down to the transaction type (Z60) and the depreciation area
selection for that transaction type.
d. Choose New Entries and enter the depreciation area that you want to
revalue (usually the book depreciation area (01). If group areas are defined,
such as area 30, this posting should also update area 30). It is not necessary
to activate the Display for Selection or Always Post indicators.

If you want to revalue multiple areas that use a different valuation base, you
have to create a transaction type for each area and post the specific value for
revaluation separately for each area.

Ravi Shanker .A.S


Revaluation of Fixed Assets

Master Data
Creation of Revaluation Reserve G/L Account (Liabilities Side of Balance Sheet) for
each Asset Class. We can have only one Revaluation Reserve G/L Account but finally it
depends on how Client would prefer it to be.

Ravi Shanker .A.S