Asset Trade In

58 %
42 %
Information about Asset Trade In
Entertainment

Published on June 18, 2007

Author: Alohomora

Source: authorstream.com

Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Houston Chapter ASUG November 20,2002 Project Systems Focus Group Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Client SAP System and End User Environment Used standard functionality in SAP Modules of FI/CO, AM, IM,PS, MM, SD, HR. Staged Rolls out Modules beginning on December 29,2001 to September 30,2002. Version 4.6c2 The client completed a successful 'Big Bang' world-wide (US, Germany and Pacific Rim) including 26 chart of depreciation (countries) and 32 foreign currencies. Three global support centers operating on a 24/7 basis for all implemented modules. Global support centers operated by dedicated support staff and super end users. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Business Parameters to initiate the Process Investment Management (IM) Definition and Structure budgeted based on PS planned values. Budgeted values assigned to appropriate PS Capital Project. Vendor has furnished client Operational management Trade-in Value for asset(s) to be retired. Disposal Work Request (AWR) completed for Asset to be retired on Asset Trade-in Basis. AWR serves as Financial Management approval for transaction. Identify existing asset(s) for retirement by cost center. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) What is an Asset Trade-in? The Client’s Operations Group has negotiated a contract where a vendor will be furnishing an allowance for the trade-in of a client assets for the purchase of new equipment. The three possible scenarios are as follows: Execute the trade of one existing asset at a negotiated value for one new asset. Execute trade of multiple existing assets at a negotiated value for one new asset. Execute trade of multiple existing assets at a negotiated value for multiple new assets. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Management requirements for Asset Trade-in. These business processes will apply to all the client’s locations. The capitalized value of the new asset will be the gross value of the purchase. Gain/Loss on asset retirement is recorded in C963000, gain/loss on asset sale. Trade in value will be recorded Profit/Loss Account (C963003- Trade in Value Gains) to identify impact of transaction. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Management requirements for Asset Trade-in. The vendor is paid the net amount, or the gross purchase price less the trade-in allowance. The vendor must furnish an invoice with allowance for trade in detailed to a line item level or a credit memorandum for the trade-in allowance referring the original gross invoice. The Asset Transfer or Disposal Work Request (AWR) form AWR upon receipt by the Property Accounting will initiate the asset retirement. The related third party vendor invoice will be blocked and only release after authorized by AMD property accounting. The asset to be traded-in must be retired prior to shipment PPandamp;E. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Management requirements for Asset Trade-in. Shipment terms and conditions for the asset is negotiated and included in the vendor bid. The AWR form will be forward by the Capital Financial Analyst to the Buyer. The Property Accountant will receive the AWR from the Buyer after the Purchase Order has been issued. Shipment of the asset traded-in must occur before the final payment to the vendor supplying the new asset. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Management requirements for Asset Trade-in All related transactions, must use the new financial document type ZT. The cost center on network activity for the new asset and cost center on asset master record to be retired must be the same The asset(s) traded in must be shipped to the vendor or the vendor is responsible for removing the asset(s) trade-in from the AMD property. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps:  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps Step 1 - Identify the Assets to be retired in the Trade-in Process. Assets to be procured and retired must be from the same Cost Center. Developed AM reporting sort versions to identify assets by legacy serial number, purchase order number and cost center. Step 2 - Create Project Planning for Capital Expenditures using Project Builder, SAP transaction CJ20N. Planning performed at WBS Level One, where the Investment Management assignment is performed. Step 3 – Step Assign WBS Level 1 to Investment Management Program which is identified by the Cost Center. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps:  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps Step 4 - Default Planned Values from Projects to the Investment Management Program ,SAP transaction code IM34. Step 5 – Create Budget Values using the Default Planned Values, SAP transaction code IM32. Perform for overall and annual values. Step 6 – Confirm all Projects, Investment Measures are assigned to the Investment Management Program, SAP transaction code IMR8. Step 7- Distribute Budget Values in Investment Management Program, SAP transaction code IM52. Step 8- Distribute Budget Values in each Project, SAP transaction code CJ30. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps:  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps Step 9 – Release Budget in each Project ,SAP transaction code CJ32. Step 10 – Release appropriate Network Activity (external for Purchase Requisition purposes) SAP transaction code CJ20N. Step 11 – Create Purchase Order with the second line item using account assignment indicator of 'K' for cost center and General Ledger Account C963003- Trade in Value Gains, SAP transaction code ME21N. Step 12 - Release the Purchase Order SAP transaction code ME21N. Step 13 – Goods Receipt, SAP transaction code MIGO. Step 14 – Invoice Receipt, SAP transaction code MIRO. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps:  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps Step 15 – Settle Cost from Network to AUC, Asset Under Construction, SAP transaction code CJ88. Step 16 – Create Asset Master, SAP transaction code CJ32. Step 17 – Release appropriate Network Activity (external for Purchase Requisition purposes) SAP transaction code CJ20N. Step 18 – Create Purchase Order with the second line item using account assignment indicator of 'K' for cost center and General Ledger Account C963003- Trade in Value Gains, SAP transaction code ME21N. Step 19 - Release the Purchase Order SAP transaction code ME21N. Step 20 – Goods Receipt, SAP transaction code MIGO. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps:  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Process Steps Step 21 – Invoice Receipt, SAP transaction code MIRO. Step 22 – Settle Cost from Network to AUC, Asset Under Construction, SAP transaction code CJ88. Step 23 – Create Manual Shipping Document to confirm the old asset was shipped, SAP Transaction code ME21N. Step 24 – Create Asset Master, SAP Transaction code AS01. Step 25 – Revise Settlement rule for new Asset Master in Step 23, SAP transaction code CJIC. Step 26 - Perform final settlement of cost from AUC to Final Fixed Asset, SAP transaction code CJIC. Step 27 – Retire old asset (scrapping) SAP transaction code ABAVN. Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Contact Information: Consultant MorningStar Business Consulting, Inc, Christopher S. Courter, CPA Christopher.Courter@morningstarbc.com (281) 682-7032 (Cellular) Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Lessons Learned Client direction of presented design Knowledge Transfer to client Review Legacy and New Systems in Development Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM):  Asset Trade-in (Integrated Business Process – AM,PS,IM, MM, AP, WM) Questions and Answers

Add a comment

Related presentations

Related pages

Gebrauchte CNC Maschinen kaufen & verkaufen | Asset-Trade

Suchen Sie qualitativ hochwertige gebrauchte Maschinen & Anlagen zu günstigen Preisen? Willkommen bei Asset-Trade, Ihr Experte für gepflegte und ...
Read more

Fixed Asset Trade In | Double Entry Bookkeeping

Fixed Asset Trade In. When a business purchases a new asset such as a motor vehicle, it is quite common to trade in or part exchange an old asset to ...
Read more

Asset-Trade - Krefeld Bockum - Am Sonnenhof | golocal

Jetzt aktuelle Bewertungen und authentische Empfehlungen zu Asset-Trade in Krefeld Bockum lesen – von echten Menschen aus der golocal Community.
Read more

Used CNC Machines | Second Hand Machinery | Asset-Trade

Used Machines, Second Hand Machinery & Equpiment for Sale from Asset-Trade, Germany
Read more

Assets | Online Forex Trading - TRADE.com

TRADE.com Assets Profitieren Sie von der Enthüllung des weltweit größten Finanzmarktes, indem Sie CFD's handlen. TRADE.com bietet kompetitive ...
Read more

How to book the trade-in of an asset - AIPB

Title: How to book the trade-in of an asset Author: AIPB: The American Institute of Professional Bookkeepers Subject: Journal entry for trade-in of an asset
Read more

Asset trade in - Toolbox for IT Groups

hi, we are in R/3 4.7 Our client purchase asset via PO. in one of the screnario, how FI-AA cater the part of trade in via PO side? for example ; New asset ...
Read more

Fixed Asset Trade-In - Microsoft Dynamics GP Community Forum

In Dynamics GP, there is no specific functionality though which you can "trade-in" an old asset for the purchase of a new asset. The process is actually ...
Read more

Trading Assets Definition | Investopedia

Trading assets may include U.S. Treasury securities, ... Trade the Forex market risk free using our free Forex trading simulator. Advisor Insights;
Read more

Asset Trade-in | SCN

Hello, I request you to please let me know how and what I need to configure to trade-in an asset in Asset Accounting module. For example: I have an asset ...
Read more