| # Adjustment - Details (tffam8520s000) Use this session to show the changes made to the asset and book in the Mass Adjust Assets (tffam8220m000) and Mass Adjust Assets by Book (tffam8225m000) sessions. An adjustment transaction makes changes to asset values that can no longer be directly changed after the asset is capitalized. Adjustments are typically used to correct clerical errors or to reclassify an asset's life, depreciation method, or cost. You can record an adjustment on any asset with a status of Acquired. You cannot adjust an asset after it has been removed from capitalization or after it has been disposed. For a specified asset, you can view original values and post-adjustment values for all the display only fields and check boxes on the separate forms. Inquiries have no effect on the database, other than the retrieval of data; data is not manipulated or saved. Your security access rights determine the information that appears during an inquiry. Related topics Transaction Inquiry Process Asset Adjustment Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Number The description or name of the code. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Book Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. Book Code The description or name of the code. Reason A user-defined description that is based on a transaction and its type. Reason codes assist in selecting data for inquiry and for reporting. Reason Code The description or name of the code. Adjustment Date The date the adjustment was entered into LN. Document The identification of a transaction. The document code is a combination of: Transaction-type code Series number Sequence number Document The identification of a transaction. The document code is a combination of: Transaction-type code Series number Sequence number Document The identification of a transaction. The document code is a combination of: Transaction-type code Series number Sequence number Transaction Currency The currency in which the transaction took place. Rate The rate is used for currency translation. It is the amount by which the home currency is multiplied to calculate the transaction currency. You define the rate in the Currency Rates (tcmcs0108m000) session. Rate Factor The rate factor is used for currency translation. You define the rate factor in the Currency Rates (tcmcs0108m000) session. Owner The owner code prior to adjustment. The owner code Indicates whether an asset is: Owned Leased Third-party Third-party assets are assets that are on your premises but are not rented or owned. Third-party assets are not depreciated or recorded in journal entries but are recorded only for tracking purposes. Owner Code Indicates whether the owner code has changed since adjustment. Owner Code The owner code after adjustment. The owner code Indicates whether an asset is owned, leased, or third party. Third party assets are assets that are on your premises but are not rented or owned; they are not depreciated or recorded in journal entries but are recorded only for tracking purposes. Business Percentage The business percent before adjustment. Business Percentage Indicates how the business percent changed during adjustment. Business Percentage The business percent after adjustment. ITC Method Displays the ITC Method used before adjustment. The ITC Method is a credit against, or reduction in federal income tax liability equal to a specified percentage of the cost of certain qualifying machinery and equipment acquired and placed in service during the current year. ITC Method Displays how the ITC Method changed during adjustment. ITC Method Displays the ITC Method after adjustment. Automobile Shows the Auto status before adjustment. This check box Indicates whether the asset is an automobile. Auto Displays how the Automobile classification changed during adjustment. Automobile Shows the Automobile status after adjustment. This check box Indicates whether the asset is an automobile. Listed Shows the Listed status before adjustment. This check box Indicates whether the asset is listed property as defined by the Internal Revenue Service. Listed Displays how the Listed classification changed during adjustment. Listed Indicates whether the asset is listed property as defined by the Internal Revenue Service. New Shows the New status before adjustment. This check box indicates if the asset is new or used. New Displays how the New classification changed during adjustment. New Displays the New status after adjustment. This check box Indicates whether the asset is new or used. Asset Distr. By Displays asset adjustment amount as a percentage of the asset's cost, or as a quantity of the asset's total quantity. Asset Distr. By Displays how the asset distribution changed during adjustment. Asset Distr. By Displays asset adjustment amount as a percentage of the asset's cost, or as a quantity of the asset's total quantity. Prop. Type Displays the property type code before adjustment. Property Type Code Displays how the property type code changed during adjustment. Property Type Code Displays the property type code after adjustment. Depreciation Code Displays the depreciation code before adjustment. Depreciation Code Displays how the depreciation code changed during adjustment. Depreciation Code Displays the depreciation code after adjustment. Depreciation Frequency Displays the frequency before adjustment. Frequency Displays how the frequency changed during adjustment. Frequency Displays the frequency after adjustment. Revaluation Index Displays the revaluation index before adjustment. Revaluation Index Displays how the Revaluation Index changed during adjustment. Revaluation Index Displays the revaluation index after adjustment. Vintage/Group Account Displays the vintage/group account before adjustment. Vintage/Group Acct Displays how the vintage/group acct. changed during adjustment. Vintage/Group Acct Displays the vintage/group account after adjustment. Depr. Below Salvage Displays the dep. below salvage value before adjustment. Dep. Below Salvage Displays how the Dep. Below Salvage value changed during adjustment. Depr. Below Salvage Displays the value of the Dep. Below Salvage field after adjustment. Shift Factor Displays the shift factor before adjustment. Shift Factor Shows how the shift factor changed during adjustment. Shift Factor Displays the shift factor after adjustment. Home Currency The home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Salvage Value Displays the salvage value before adjustment. Salvage Value Displays how the salvage value changed during adjustment. Salvage Value Displays the transaction value. Salvage Value Displays the salvage value after adjustment. Sec. 179 Value Displays the Section 179 value before adjustment. Sec. 179 Value Displays how the Section 179 value changed during adjustment. Sec. 179 Value Displays the transaction value. Sec. 179 Value Displays the Sec. 179 Value after adjustment. Current Cost Displays the current cost before adjustment. Current Cost Displays how the current cost changed during adjustment. Current Cost Displays the transaction value. Current Cost Displays the current cost after adjustment. Current ITC Amt. Displays the Current ITC Amnt. field before adjustment. Current ITC Amt. Displays how the current ITC Amnt. changed during adjustment. Current ITC Amt. Displays the transaction value. Current ITC Amt. Displays the current ITC Amnt. after adjustment. Cap.Interest Displays the capitalized interest before adjustment. Cap.Interest Displays how the capitalized interest changed during adjustment. Cap.Interest Displays the transaction value. Cap.Interest Displays the capitalized int. after adjustment. Accum.Deprec. Displays the accumulated depreciation before adjustment. Accum.Deprec. Displays how the accumulated depreciation changed during adjustment. Accum.Deprec. Displays the Transaction Value. Accum.Deprec. Displays the accumulated depreciation after adjustment. Accum.Maint.Cost Displays the Accumulated Maintenance Cost before adjustment. Accum.Maint.Cost Displays how the Accumulated Maintenance Cost changed during adjustment. Accum.Maint.Cost Displays the Transaction Value. Accum.Maint.Cost Displays the acc. maint. cost after adjustment. Addl. Post. Amt. Shows the additional posting amount before adjustment. Addl. Post. Amt. Displays how the additional posting amount changed during adjustment. Addl. Post. Amt. Displays the transaction value. Addl. Post. Amt. Displays the additional posting amount after adjustment. Asset Life (YY/MM) The number of years prior to the adjustment transaction. / The number of months prior to the adjustment transaction. / Displays how the current life changed during the adjustment transaction. / The change in the number of years made due to the adjustment transaction. / The change in the number of months made due to the adjustment transaction. / The number of years after the adjustment transaction. / The number of months after the adjustment transaction. Additional Posting Indicates whether additional posting was selected prior to adjustment. Additional Posting Indicates how additional posting changed during adjustment. Additional Posting Displays the additional posting status after adjustment. Depreciation Code Displays the additional posting depreciation code before adjustment. Depreciation Code Displays how the additional posting depreciation code changed during adjustment. Depreciation Code Displays the depreciation code. Economic Recapture Indicates whether economic recapture was selected before adjustment. Economic Recapture Displays how economic recapture changed during adjustment. Economic Recapture Displays the economic recapture status after adjustment. Allow Depr. Posting Indicates whether allow depreciation posting was selected before adjustment. Allow Depr. Posting Displays how allow depreciation posting changed during adjustment. Allow Depr. Posting Displays the allow depreciation posting status after adjustment. |