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Change in Asset Category Accounting

in Assets 1 comment

Summary:

We are going through some reorganization due to the addition of a new legal entity and move of an existing business unit to the new legal entity. The company segment in the chart of accounts is changing for the asset book for approx. 53 Asset Categories that are in use.

Content (required):

Due to the addition of a new legal entity and move of the existing business unit, the company segment for the Business Unit is changing. I know we cannot update the accounting distributions on the Asset Categories once they have been used, but I do not want to create a new asset book either and transfer all the existing assets. I don't really want to create 53 new asset categories in order to fix the accounting in the existing asset book. We have approximately 30 asset books for other BUs and we share asset categories. One of the issues I

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