Tasks to be completed when documenting an operation (from creation to publication)

1. Enter the Title of the operation / page

2. Add the following Labels:

    • Scope of applicability: ww, country_accounting

    • Country or group of countries (if applicable): belux, china, france, italy, lam, nam,uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore

    • Unit and Domain according to the List of labels to be used in the Finance Service Line space

      • E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
        • Labels to be used: ww, financial_accounting, central_fin_proc_compliance

      • E.g. 2: France Operation in Financial Accounting:
        • Labels to be used: country_accounting, france, financial_accounting
          (for country operations, the Domain is always country_accounting)

3. Fill in all fields as described above

4. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow

Domain: Country Accounting

Responsibility area: N/A

Table of contents 


Scope


ERP


Frequency

 On Demand

 

References

AS03; AS02; ABAVN; S_ALR_87012052


Forms


Attachments



Previous OP << US - 7424 Process Partial Full Retirement >> Next OP



1. Objective and Scope

1.1. Objective of this Operation

The purpose of this procedure is to support in the asset retirement procedure.

1.2. Scope

This procedure applies to company 7424 RCS.


2. Definitions

See Finance Glossary:


3. Tasks description

3.1. I receive the request to retire the asset

The request will be send by a Freshdesk ticket with the file asking to create a new asset and retire another asset. You may find an example of the file that we should receive attached to the end of this procedure. 

1) Check the approval on email's body or on tab "Asset Removal" inside the file that we received.


3.1.1. I perform the retirement of the asset

For this procedure we will only make the retirement the creation will be described on another procedure. 
In order to retrieve the number of the asset that should be retired go to tab "Asset to remove", then copy it.

  • Go to transaction AS03, insert the asset number and the company code 7424.


  • Go to field Asset values.


  • Click on "01 IFRS GAAP (multi-standard)" and make sure we have amount on filed "Net book value".


  • Go to transaction AS02 insert the Asset number and company code 7424, on tab depreciation, change the fill "OKey" the IFRS GAP and LOc GAP to Z1M1 and Save it.


  • Go to transaction AS03, click on "Asset Value" and check if the amount on tab "net book" value has been depreciated.


  • Go to transaction ABAVN and insert the needed information described below:
    • The Asset number;
    • Document Date;
    • Posting Date;
    • Asset value date (date that the asset is being retired);
    • Text (the text should be the description of the asset on the file received).


  • Click simulate and check if the amounts are 0.


  • Save it.


  • Go to transaction S_ALR_87012052 in order to check if the gain and loss are balanced:
    • Insert the company code and the plant which has an asset being retired;
    • Use template /ZCUS_RETIRE.


End of document.