Users Manual

Module: FI_AA_Asset Retirement with Revenue

Date: 24-Oct-12

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Revision History
Version No. V 0.1 Date Author Vikram Garg Revision Description Initial draft

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Table of Contents
1. Purpose of This Document ....................................................................................................................... 4 1.1 1.2 2. Intended Audience .................................................................................................................................. 4 Definitions, Acronyms and Abbreviations ............................................................................................... 4

Retirement of Asset with Revenue ........................................................................................................... 4 2.2 2.2 Retirement of Asset with Revenue .......................................................................................................... 4 Verify the values of the asset & Accounting document generated ......................................................... 6

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1. Purpose of This Document

This user manual aims to familiarize you with some of the tasks and processes of the Asset Accounting application relating to Retirement of Asset with Revenue. The document does not cover all the basic information and details of the application.

1.1

Intended Audience

This document is intended for users of the Asset Accounting application who are familiar with the basic tasks and terminology of the application. It will enable you to understand the details of some of the tasks that can be performed using Asset Accounting Module.

1.2

Definitions, Acronyms and Abbreviations

Abbreviation

Description

2. Retirement of Asset with Revenue

In ETAG all asset which are held for sale are kept under asset class Asset held for sale. Whenever this asset is sold then we need to retire the same with revenue in Asset accounting & after that same asset will be created as non valuated material in the MM. And then sale invoice will be generated for the same.

2.2

Retirement of Asset with Revenue

Transaction code to be used is ABAON

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Enter the Asset Number, Document date, Posting Date, Asset Value date and Revenue to be received.

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Post the transaction.

2.2

Verify the values of the asset & Accounting document generated

Transaction code to be used is AW01N

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You can see that values in the asset are zero now. Double click on the document created.

So system reverse the APC & Accumulated depreciation. (In this case no Accumulated depreciation on asset, so nothing is reversed). Revenue amount is debited on Sale clearing account (6000018) which will be cleared when Invoice in SD will be created.

ctions necessary to properly exit the system.

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