Fixed Asset SAP B1 - IFRS Implementation Mr. Yusak Indra H

SAP Business One & Be.as Consultant

Agenda

• Solutions 1. Parallel Accounting Systems 2. Financial Template GAAP & IFRS 3. Depreciation Area 4. Activate Depreciation Area in Asset Class 5. Transactional Fixed Asset

2

1. Parallel Accounting System (1)

Create different types of G/L accounts in the chart of accounts to support both local GAAP and IFRS-related postings. The chart of accounts can include three types of G/L accounts: • Local G/L accounts – for local GAAP purposes only • IFRS G/L accounts – for IFRS purposes only • Common G/L accounts – for both local GAAP and for IFRS purposes

1. Parallel Accounting System (2)

Recommendation :

Use different G/L account codes and/or names to indicate the type of G/L account. Example : 41100 – Sales Revenue – Domestic IFRS – 41110 – Sales Revenue – Domestic Local – 41120 – Sales Revenue – Domestic Remarks : Use user define field (UDF)

GAAP Account

IFRS Account

1. Parallel Accounting System (3)

Impact : This setting account type will be impacted to : a. Financials – Financial Report - Accounting - General Ledger b. Financials – Financial Report – Financial – Balance Sheet c. Financials – Financial Report – Financial – Trial Balance d. Financials – Financial Report – Financial – Profit & Loss

Example : Financials – Financial Report – Financial – Balance Sheet

2. Financial Report Template for GAAP & IFRS (1)

Create financial report template for financial report GAAP & IFRS version. Remarks : Financial report template SAP B1 are available to several reports, there are : a. Balance Sheet Report b. Profit & Loss Report c. Trial Balance Report d. FA History Report e. Statement of Cast Flows

SAP B1 Financial Report Template

2. Financial Report Template for GAAP & IFRS (2)

Impact : User can display standard SAP B1 financial reports in GAAP & IFRS version.

Example :

3. Depreciation Area

Define depreciation area for GAAP & IFRS version. • Depreciation Area 100 : IFRS version • Depreciation Area 200 : GAAP version

Below is the screen capture of depreciation area :

4. Activate Depreciation Area in Asset Class

Activate depreciation area in asset class. Activate depreciation area in asset class, so the depreciation process can be proceed either on Depreciation area 100 & 200.

5. Transactional Fixed Asset (1) Bellow are the transactional and journal which are created on fixed asset module :

5. Transactional Fixed Asset (2)

All of the journal transaction are automatically created on depreciation area 100 (GAAP version), But on for depreciation area 200 (IFRS version), journal must be created manually *) . *) For depreciation area 200 accounting journal can be created automatically using development SAP B1 Add-on.

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