Dear Experts,
Discussion is on Asset Accounting
I have been involved in a fresh implementation (India) on SAP S/4 HANA 1511. Business does not have its asset register as per IFRS requirement, but they want to go with as IFRS compliance for asset accounting.
I am not sure what changes I will have to do for this requirement.
1. How break up for Asset Classes will be done considering IFRS. Where I need to pay attention in this regard?
2. How Asset master will be created (considering componentization as per IFRS). Where I need to pay attention in this regard?
3. How I should explain this to business so that they can make a current asset register (excel) as per IFRS componentization wise.
Please Consider while reply:
1. Business does not have any foreign link/reporting. it is pure Indian company.
2. Business does not have current asset as per IFRS.
I have searched forum and found this link. My query is not resolved with this.
Impact of IFRS on Asset accounting in new Imple... | SCN
Regards
Ruksana