FAM enhancements

In Infor LN FP2, the following features and requirements are implemented:

• Transaction types for various FAM transactions

  In the FAM Parameters (tffam0100s000) session, you can select the transaction types for different fixed assets transactions such as disposal, depreciation, and investment. In some countries, you must submit a fiscal book that lists all journal entries relevant for fiscal purposes.

• Suspended Depreciation

  To suspend depreciation for specific periods. In some countries, you can suspend depreciation for periods during which the asset is not used for any reason. You can perform the depreciation in later periods.

  You can use the new Mass Suspend Depreciation (tffam1207m000) session to suspend the depreciation of a range of asset books for a range of years and periods. For details, refer to Suspending depreciation.

• Accelerated Depreciation

  To depreciate an asset by an extra amount in a specific year. In some countries, accelerated depreciation is allowed to a maximum of 100 percent of the yearly standard depreciation amount, until the asset value becomes zero. Accelerated depreciation reduces the depreciation time. Accelerated depreciation transactions must be posted to specific ledger accounts.

  Accelerated depreciation follows the same rules as the standard depreciation. If the standard depreciation is suspended, the accelerated depreciation is also suspended. If the actual use of the asset changes, you can reduce or suspend the accelerated depreciation accordingly.

  You can use the new Mass Accelerated Depreciation (tffam1208m000) session to depreciate a range of asset books by an additional amount. You can do this only once a year. For details, refer to Accelerated depreciation.