| # Asset Book Adjustment (tffam1214m000) Use this session to adjust the depreciation or cost values that can vary among one or more of an asset's related books. You adjust assets by book to make changes after capitalization to those values on an asset that can vary from book to book. For example, each of an asset's related books can contain a different depreciation method, cost, and life. To adjust one of these values, you must choose the specific books you want to adjust. The changed values are recorded to the original asset record and the original values are recorded to provide an audit trail of all transactions. Note You can also make changes to values that apply to the entire asset by making an asset adjustment. For more information, see the Mass Adjust Assets (tffam8220m000) session. You enter a date for each adjustment to determine when it takes effect. Based on the values you adjust, LN can have to restate depreciation. LN does not restate depreciation for changes to location, account, quantity, or ITC method. However, depending on the effective date, LN canmake an adjusting entry. The effective date for an asset adjustment can be either the adjustment or in-service date. LN must verify that at least one book has been selected. You cannot adjust a negative or positive cost past zero. You can modify account information directly. An adjustment involving a change in transaction schedule/integration scheme indirectly affects which accounts are associated with the asset. Note If you change an averaging convention, you must make the change effective from the in-service date. Also, if you select a First Period depreciation method, the adjustment date will always take effect on the in-service date. Related topics Asset adjustment Adjusting Asset Books Asset Adjustment Restrictions Adjustment Journals Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Book Code 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. Note If you select multiple books to adjust, the book code will not display. Adjustment Date The date the adjustment takes effect. Default value The current date. Reason Code A user-defined description that is based on a transaction and its type. Reason codes assist in selecting data for inquiry and for reporting. Effective from If effective date is selected, the adjustment will occur as of the effective date of the asset; otherwise, it will occur as of the in-service date. Suppress Journal Entries If this check box is selected, journal entries are not created in the General Ledger module for this transaction. Transaction Currency The currency used in the transaction document. Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies Rate A charge or payment fixed according to a standard scale, for example, the currency rate of the transaction. The default selected brings up a rate type. The date of the transaction is needed for verification of the correct rate. You can overwrite the rate in the type, but the rate type remains the same. If you do not update the rates, the last rate will be used. You must verify the rate against the current dates rates. If the rates are incorrect, you can override them. You enter the exchange rate type in the FAM Parameter (tffam0100s000) session. You can change the rate at any time, but you cannot override the rate factor. Rate Factor The factor by which the amount in the transaction currency or the invoice currency is divided before LN converts it to a home currency. A rate factor is often used for currencies that have a relatively low price, for example, Korean Won. The rate factor is set up in the FAM Parameter (tffam0100s000) session. It cannot be overwritten. Property Type Code Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Property Type Code If you selected Replace in the previous field, select a new property type. If this field is left blank, no changes are made. Depreciation Code Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Depreciation Code Replace the existing depreciation code with the new one you specify. If this field is left blank, no changes are made. Frequency Replace the existing frequency with the new one you specify. If this field is left blank, no changes are made. Deprecition Frequency A way to determine how often depreciation is recorded. It also determines whether a particular period is suspended. Depreciation Below Salvage Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Depreciation Below Salvage If you select Yes, the asset will depreciate below salvage value. If you select No, the asset will not depreciate below salvage value. Allow Depreciation Posting Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor in this session is used to calculate the home currency amount. Allowed values Adjustment Operators for Strings Allow Depreciation Posting If you select Yes, depreciation posting is allowed. If you select No, depreciation posting is not permitted. Asset Life (YY/MM) Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +. To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Asset Life (YY/MM) The value used to obtain the new asset life in years. Asset Life (YY/MM) The value used to obtain the new asset life in months. Asset Life (Units) Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +). To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Asset Life (Units) The value used to obtain the new asset life in units. Current Cost Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +. To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Current Cost The value used to obtain the new current cost. The amount is converted into the home currency using the transaction currency, rate factor, and rate information. Accum.Deprec. Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +). To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Accumulated Depreciation The value used to obtain the new accumulated depreciation amount. The amount is converted into the home currency using the transaction currency, rate factor, and rate information. Salvage Value Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +). To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Salvage Value The value used to obtain the new salvage value amount. The amount is converted into the home currency using the transaction currency, rate factor, and rate information. Sec. 179 Value Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +). To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Sec. 179 Value Used to obtain the new section 179 value. The amount is converted into the home currency using the transaction currency, rate factor, and rate information. Capitalized Interest Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +). To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Capitalized Interest The value used to obtain the new capitalized interest amount. The amount is converted into the home currency using the transaction currency, rate factor, and rate information. Current ITC Amount Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +). To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Current ITC Amount The value used to obtain the new current investment tax credit (ITC)) amount. The amount is converted into the home currency using the transaction currency, rate factor, and rate information. Revaluation Index Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Revaluation Index Replace the existing revaluation index with the new one you specify. If this field is left blank, no changes are made. Revaluation Index The description or name of the code. Last Revaluation Year Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Last Revaluation Year The new revaluation year. If this field is left blank, no changes are made. Shift Factor Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Shift Factor Replace the existing shift factor with the new one you specify. If this field is left blank, no changes are made. Additional Posting Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor in this session is used to calculate the home currency amount. Allowed values Adjustment Operators for Strings Add. Posting Amount Select the operator appropriate for the change you want to make. To increase the value of the capitalized interest amount, select the plus sign ( +). To decrease a value, select the minus sign ( -). To multiply a value by another value, select the asterisk ( *). To divide, select the forward slash ( /). To replace, select Replace. To make no changes to the value, select No Change. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor is used to calculate the home currency amount. This is used when the operator type is add, subtract, or replace. Allowed values Adjustment Operators for Value fields Add. Posting Amount You input the new value for the additional posting amount. Addl.Post. Depr.Code Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Addl.Post. Depr.Code Indicates the new depreciation method code. If this field is left blank, no changes are made. Economic Recapture Select Replace to adjust the existing values in this field. If you select No Change, the value will remain the same. Note If you enter a currency amount in this field other than the home currency, the transaction currency combined with the rate and the rate factor in this session is used to calculate the home currency amount. Allowed values Adjustment Operators for Strings Economic Recapture Adjusts the field in the Asset Books (tffam1510m000) session according to what you specify. |