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FI-AA Localization Topics for India, Japan, and Russia Locate this document in the navigation structure

 

Technical Data

Technical Name of Business Function

FIN_LOC_CI_8

Type of Business Function

Enterprise Business Function

Available As Of

SAP Enhancement Package 5 for SAP ERP 6.0

Technical Usage

Central Applications

Application Component

Financial Accounting (FI)

Directly Dependent Business Function Requiring Activation in Addition

Not relevant

You can use this business function to meet business requirements in theAsset Accounting (FI-AA) component for India, Japan and Russia.

Prerequisites

You have installed the following components as of the version mentioned:

Type of Component

Component

Is Needed Only for the Following Features

Software Component

SAP_APPL 605, EA_APPL 605

Features

Functions for India

The business function enables you to calculate income tax depreciation on asset blocks.

  • Prerequisites for depreciation calculation

    You have to perform the prerequisites required for calculating and reporting depreciation of assets at the block level.

    You can use the new migration reports to perform the following functions:

    • Upload asset blocks

      If you have maintained asset blocks and their depreciation rates in an excel, you can import this data into the standard system.

    • Assign assets to asset blocks

      To do so, you can perform any one of the following activity:

      • Upload assignment of an asset to an asset block

      • Download group assets data

    • Maintain Opening Written Down Value (WDV) of the blocks at the beginning of a fiscal year (April — March)

      If you have maintained the Opening WDV for blocks in an excel, you can import this data into the standard system.

  • Depreciation Calculation

    You can use the new reports to perform the following functions:

    • Update asset transaction details at block level

      You can calculate and update all assets related transactions related for the asset block using the Update Asset Transaction Details at Block Level – India (J_1I_UPDBLKTRNS) report. This report updates the asset transaction table with the aggregated values of each block.

    • Calculate, post and display depreciation values

      You can use the Calculation, Posting, and Display of Year End Depreciation (J_1I_UPDDEPCALPOST) report to calculate the income tax depreciation values and post them to the IT Ledger. You can also use this report to display the depreciation values for a fiscal year.

    • Project depreciation values for the current fiscal year

      You can use the Calculation of Projection Depreciation Values (J_1I_CAL_PROJECTION_DEP) report to calculate and project depreciation values for the current fiscal year.

    For more information, see Depreciation.

Functions for Japan

The business function enables you to use the new Annex 16 solution. You can use this solution to generate Annex 16 forms that contain details about the depreciation costs relevant to a company's assets. You need to submit Annex 16 forms with your annual tax return. This solution enables you to generate the following annex 16 forms:

  • Annex 16-1

  • Annex 16-2

  • Annex 16-4

  • Annex 16-6

  • Annex 16-8

For more information, see Annex 16.

Functions for Russia

The business function enables you to copy Russia-specific fields when you create a new asset by using an existing asset as a reference.