The takeover date is best described as a “transfer date”. It represents, mostly from a depreciation perspective, what values are loaded from the legacy system.
It does not represent the actual data entry date. For instance, you can specify a takeover date of Dec 31, 2007 but load the data before or after that date. However, the values that you load need to reflect the values that were in effect as of Dec 31 2007. This typically only affects the depreciation values.
There are two types of takeovers dates:
- At the end of the last closed FY, or
- During the FY. This is referred to as a Mid Year Data Takeover.
Customizing path: SPRO→ Asset Accounting → Asset Data Transfer → Parameters for Data Transfer → Date Specifications → Specify Transfer Date/Last Closed Fiscal Year