The following three accounts are not displayed for the retirement in Asset Customizing:
- 1. Gain from fixed asset retirement
- 2. Loss from fixed asset retirement
- 3. Loss from fixed asset retirement without revenue
Key words: OAE3, account determination, T095, SAPMA07C
Cause and prerequisitesOne of the company codes that are allocated to the selected chart of accounts is set for 'Post net book value with retirement' (retirement according to French law).
UKSolution
The above-mentioned results of this specification are then actually desired and correct, if all of the company codes assigned to this chart of accounts use the same method for asset retirement. Check the specification made for the company codes. Change it, if required (you find this specification in the company code definition in Asset Cutomizing on the bottom left of the screen).
If you want to use this retirement specification only for some of the company codes in the chart of accounts, then you can install the following advance correction in module MA07CF01 (syntax check in program SAPMA07C). This correction allows you to make entries in these accounts.
CAPEX asset retirement obligation planning is a vital process that helps organizations prepare for the future costs associated with retiring or disposing of long-lived assets. By identifying assets with retirement obligations, estimating the associated costs, developing a funding plan, and complying with financial reporting requirements, organizations can effectively manage the financial and environmental risks associated with asset retirement. Proper planning ensures that the necessary funds are available when needed and supports responsible and sustainable business practices.
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