RE-FX: Best practice for performing intercompany asset transfers in a lease contract #COE #DLW

[Cedric_Manhaeve]

Dear Community,

For an IFRS16 Lease In contract (RE-FX) implementation, we are challenged with intercompany transfers for an existing contract. I have consulted the various notes & FAQ on the knowledge base, but a best practice in the Cloud remains unclear.

What is the best practice in the case of intercompany asset transfers?

Many thanks,

Cedric

[RajeevK · Accepted solution]

Hello Cedric

Thank you for posting your question here.

Please look at the scope item Intercompany Asset Transfer within Same Country (1IH).

https://rapid.sap.com/bp/#/browse/scopeitems/1IH

This scope item describes the necessary steps to perform intercompany asset transfers between company codes. For the individual companies, an intercompany transfer represents a retirement for the one company and an acquisition for the other.

Hope this is helpful.

BR

Rajeev

[former_member132363]

Here are some SAP resources you may review based on your topic "of | asset transfers | best practice | contract | intercompany | intercompany transfers | intercompany asset transfers | community | cloud"

Best Practices for SAP S/4HANA Cloud

... Tailored Recommendations ? Transformation Roadmap ? Collaboration & Community ... The SAP Best Practices for SAP S/4HANA Cloud can enable you to improve: ... Contract-Based Revenue Recognition - IFRS - This scope item supports revenue ... Intercompany Asset Transfer within Same Country - This scope item?...

https://support.sap.com/en/product/best-practices-s4hana-cloud.html

Activity Types and Service Materials for Project Services

Aug 18, 2019 ... Introduction This guide will give you an overview of the best practices as well the ... Within S/4HANA Cloud it is best practice that activity type and sales ... In the DIP profile the original contract material in the billing item will get ... to be billed ( transfer prices for intercompany business); Cost Center of the?...

https://blogs.sap.com/?p=570

Non-Time Related Materials for Project Services

Aug 18, 2019 ... This guide will give you an overview of the best practices as well the ... related service materials will not be considered in the intercompany billing scenario ... All engagements which have a contract type of Time & Expense billing ... assignment ?WBS Element? will transfer the material of the purchase order?...

https://blogs.sap.com/?p=569