SAP Functional Modules ==> SAP FICO

Explain Mass Retirement.

When an enterprise sells a large portion of its fixed assets (such as a plant or a building), it is necessary to post the retirement of all the individual assets which make up the whole. Since the number of affected assets can be very large, the Asset Accounting (FI-AA) component makes it possible to make the necessary postings using mass processing. 

What is asset retirement?

Asset retirement is the removal of an asset or part of an asset from the asset portfolio. This removal of an asset (or part of an asset) is posted from a bookkeeping perspective as an asset retirement. Depending on organizational considerations, or the business transaction which leads to the retirement, you can distinguish the following types of retirement:

- An asset is sold, resulting in revenue being earned. The sale is posted with a customer.
- An asset is sold, resulting in revenue being earned. The sale is posted against a clearing account.
- An asset has to be scrapped, with no revenue earned.
- An asset is sold to an affiliated company (refer to Manual Posting of Intercompany Asset Transfer/Retirement) 

There is a requirement to dispose 900 + assets. Can someone please let me know what are the options available? It should be similar to F-92 - Asset Retirement from Sale with customer but should to do mass number. 

If it’s a mass retirement, it’s possible - but I doubt mass physical deletion of assets.

Follow the steps below if you want to do mass retirement : 

1] AR01 -> Give your company code -> and the asset numbers
Now press F8 to execute the same

2] At this point -> Go to the work list -> create -> Enter in the mandatory tab and select the retirement without revenue -> Enter

3] Enter dates / transaction type -> now you will get a work queue number

4] Go to AR31 and execute the work queue -> Then click the Release button

This will work as a mass scrapping of assets.

How to asset retirement asap & configuration?

There is no specific configuration for asset retirement. For retirement there are 3 ways as following:

1. Scrapping Asset - ABAVN

2. Sale of asset with revenue - F-92

3. Asset retirement without revenue - ABAON

Asset retirement is an integral part of asset management. An asset can be retired in following ways :-

1. By Scrap - T.Code ABAV/ABAVN

2. By sale. In sale there can be following cases :-

a. with revenue - 

b. without revenue

c. with customer - T Code F-92

d. without customer - T Code ABAON

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