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Asset year closing when SPL is used for India Legal reporting- V3

Former Member
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Hi,

We are doing a roll out for India for a global company. In the front end we are following groups fiscal year where they have 13 periods and 4 weeks form one period. The fiscal year start and end dates will not be same every year.

For India legal reporting we are using Special purpose Ledger with v3 fiscal year Variant (April to March).

With this design, what problems do you see for India legal reporting and Asset Year closing.

For The Group, we have to close the asset year in the month of December and start a new year, whereas, India in Special purpose ledger in the month of January will still use the old year.

Will I be able to get all my reportings of Asset like Asset register from Front end books for April to March period, when the group period is different.

Please help.

Regards,

Sakshi

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Answers (1)

Answers (1)

suma_mani
Active Contributor
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Hi Sakshi,

I am not sure about the Special purpose ledger. We can achive the same through Non leading ledger concept. If you are in ECC platform use ledger concepts ,which is under Financial accouting new > Financial account global settings > Ledger.

You must assign the ledger group in depreciation area in OAP1 transaction code. You can get all reports ,if you change the depreciation area in selection screen of all information report.

Regards

Mani

Former Member
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Thanks Mani..

I am aware of New GL but first time using SPL. So just wanted to know how it functions..

This is because Dep run is executed period wise and period 3 for Group starts from 10.03.2013 to 04.04.2013.. so if I run with period 3, it would calculate depreciation up to 04.04.2013 and the requirement is to run and post depreciation as on 31.03.2013 for special purpose ledger.

BR, Sakshi

Former Member
0 Kudos

Thanks Mani..

I am aware of New GL but first time using SPL. So just wanted to know how it functions..

This is because Dep run is executed period wise and period 3 for Group starts from 10.03.2013 to 04.04.2013.. so if I run with period 3, it would calculate depreciation up to 04.04.2013 and the requirement is to run and post depreciation as on 31.03.2013 for special purpose ledger.

BR, Sakshi

suma_mani
Active Contributor
0 Kudos

Hi Sakshi,

According me ,you have to create different depreciation area for V3 and do the mentioned customization.

Asset accouting > Valuation > Fiscal year > Fiscal year variants > specify other versions on depreciation area level.

Regards

Mani Kumar