Hi Salman,
I suggest following steps.
Decide a cut over date. For eg.9/30/2014
1) Configure this date in "Asset Accounting->Asset Data Transfer->Parameters for Data Transfer->Date Specifications->Specify Transfer Date/Last Closed Fiscal Year" - 9/30/2014 as takeover date
2) "Asset Accounting->Asset Data Transfer->Parameters for Data Transfer->Date Specifications->Specify Last Period Posted in Prv.System (Transf.During FY)" - 2014 - 09 (I assume calendar year is the FYV)
3) Update all assets with APC value and depreciation upto period 09 in AS91.
4) If your company code is set up with different currencies, update financial entry as below
i) Execute OAMK and Click on "Delete Reconciliation Ind. for All Accts"
ii) Post Conversion entries to thru FB01.
iii) Execute OAMK and Click on "Set Reconciliation Ind. for All Accts"
5) Execute ABST2 report and confirm AA-GL are matching.
You can also execute ABST2 report before step 4 and create posting entries for 4.
If your company is using single currency, you can post entries as per step 4 (ii) thru OASV without doing 4(i) and 4(ii).
The regular depreciation cycle will start from period 10.
Hope this helps.
Best Regards,
Madhu