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.
Asset Book Revaluation (tffam3200m000)Use this session to provide an update of the current value of the asset to reflect business changes in the book value. You can revalue an asset based on an index amount for the specified year. The index value can be entered in the Indices (tffam3101m000) session. Note For books of type other than Calculatory, revaluation will not be performed if the revaluation year is later than the current year. Example Revaluation occurred in the second year only.
Example 2 Revaluation occurred in the second and third year. You need to look at the index value in the second and third year.
Depreciation amount = NBV beginning of year / # of years remaining for depreciation. Net Book Value (NBV) at end of year = current costs - accumulated depreciation Net change = index current year / index previous year New current costs = net change * current costs Note Reconciliation is based on the value of an asset on the capitalization date. If the in-service date is earlier than the capitalization date and you wish to base the revaluation on the first year of service, you must enter the first year of service in the Last Revaluation Year field of the Asset Books (tffam1510m000) session. Example if you do not fill the last
revaluation date In-Service date = 01-01-2010 Transaction amount = 1000 Asset life = 5 year Capitalization date = 01-01-2012 Index year 2010=100 Index year 2011=110 Index year 2012=120 Revaluation calculated at 1-1-2011: Value at capitalization date 1000*120=1200 This amount is multiplied with the index of the year 2011: 1200*110=1320
Selection Range 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. Options Revaluation Index According to the selected revaluation index
the adjustment transaction of the selected asset books is performed. Revaluation indices are maintained in the Indices (tffam3101m000) session. Revaluation Year Select the year for which you want to calculate revaluation. Reason Code Enter a reason code of the Adjustment reason type for the new adjustment transactions. Reason codes are maintained in the Reason Codes (tffam6550m000) session. Suppress Journal Entries If this check box is selected, journal entries are not
created in the General Ledger module for this transaction. Print Error Report If this check box is selected, an error report is also
printed.
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