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