Entering Asset Transfers 

Use

You use this procedure to enter asset transfers. The associated master data and additional financial data is needed for Elimination of Interunit Profit/Loss in Transferred Assets.

Prerequisites

In the data basis, you have (or the system has) created the InfoProvider for noncurrent assets and asset transfers.

Procedure

...

      1.      Start manual data entry of additional financial data using the dedicated task in the Consolidation Monitor.

      2.      In the overview screen of data collection, choose the Asset Transfer entry.

      3.      The navigation screen lists the asset sales and purchases you have entered for each consolidation unit.

To create a new entry, double-click on Sales at the selling consolidation unit. (Do likewise for purchases.)

      4.         Enter the data as required, which includes master data (such as the consolidation unit and the useful life of the asset) and additional financial data (such as the original cost).

To a certain degree, your entries can be incomplete. For example, the seller can omit the buyer’s name of the asset.

Depending on the type of asset transfer, certain fields need to be entered and other fields need to be blank:

¡      Transfer:

§       Selling consolidation unit: <required>

§       Buying consolidation unit: <required>

¡      Self-constructed asset:

§       Selling consolidation unit: <required>

§       Asset sold: <blank>

§       Buying consolidation unit: <required>

¡      Sale to third party:

§       Selling consolidation unit: <required>

§       Asset sold: <required>

§       Buying consolidation unit: <blank>

§       Asset bought: <blank>

If your user has authorization for the data entry for the buying consolidation unit (“buyer”) but not for the selling consolidation unit (“seller”), the original cost and depreciation fields of the selling unit do not appear on the screen. Similarly, if you have no authorization for the buying unit, the respective fields for the buying unit do not appear on the screen.

      5.      Save the data.

To add more entries, repeat steps 3 through 5.

Result

After the data has been entered, you can verify its consistency with the Validation of Additional Financial Data function.