Asset Accounting

This section contains enhancements in Financials and Supply Management.

Adjusting asset in-service dates

The ability to control YTD and LTD calculation and transactions posted to the Global Ledger has been created.

  1. 1.Create an asset with a prior year in-service date.

  2. Perform any adjustment on the asset so that YTD, LTD is recalculated.
  3. Use an adjustment date in current year calendar with compute option set to Y.
  4. Now, in the Adjustment Post History, we have the options.
    1. If you set this flag to "YesWithTransactions", then both YTD and LTD amounts are recalculated and posted to the GL.
    2. If you set this flag to "YesWithoutTransactions", then both YTD and LTD amounts are reclaculated. Only YTD amount is posted to the GL.
    3. If you set this flag to "No", then the YTD amount is recalculated, the LTD amount remains the same, and only the YTD amount is posted to the GL.
  5. Review the Release Assets batch job to validate the reset scenarios.

JR-3266665

Asset programs are updated to use the Last Asset Item Purchase Date field instead of the derived High Purchase Date field

The asset high purchase date was a derived field used to identify a default in-service date and transaction date. The asset has a field LastAssetItemPurchaseDate, which is more efficient.

This update is to programs that use the derived field. This list shows the programs that are affected:

  • Validate Depreciation Calculation
  • Asset validate: AssetBook DepreciationStartDate
  • AssetAdjustment validate: Validate TransactionDate
  • AssetBook validate: AssetBook In Service Date and Transaction Date
  • AssetBookAdditionalImport validate: AssetBook In Service Date
  • AssetBookDisposal validate: TransactionDate and Currency exchange date
  • AssetBookTransaction validate: TransactionDate and Currency exchange date
  • AssetBookTransfer validate: TransactionDate and Currency exchange date
  • AssetDisposal validate: TransactionDate
  • AssetItem validate: TransactionDate and depending on company posting option PostingDate
  • AssetItemTransfer validate: Currency Exchange Date
  • AssetReinstatement validate: TransactionDate
  • AssetTransaction validate: TransactionDate and CurrencyExchangeDate

JR-3266022