Adjustment - Details (tffam8520s000)
Use this session to show the changes made to the asset and book in the Adjust Assets (tffam8220m000) and Adjust Asset Books (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.
Field Information
- Asset Number
- Description
-
The description or name of the code.
- Asset Extension
- Asset Book
- Description
-
The description or name of the code.
- Reason
- Description
-
The description or name of the code.
- Adjustment Date
-
The date the adjustment was entered into LN.
- Document
- Document Number
- Line 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.
- Category
-
Indicates the code of the category prior to adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Category
-
Indicates whether the category code has changed during adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Category
-
Indicates the code of the category after adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Subcategory
-
Indicates the code of the subcategory prior to adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Subcategory
-
Indicates whether the category code has changed during adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Subcategory
-
Indicates the code of the subcategory after adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Group
-
Indicates the code of the asset group prior to adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Group
-
Indicates whether the category code has changed during adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - Group
-
Indicates the code of the asset group after adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - In Service Date
-
Indicates the in-service date prior to adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - In Service Date
-
Indicates whether the category code has changed during adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) session. - In Service Date
-
Indicates the in-service date after adjustment.
Note: This value is defaulted from the Adjust Assets (tffam8220m000) 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.
- Property 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.
- Depreciate Below Salvage
-
Displays the dep. below salvage value before adjustment.
- Dep. Below Salvage
-
Displays how the Dep. Below Salvage value changed during adjustment.
- Depreciate 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.
- Operator
-
Displays how the salvage value changed during adjustment.
- Salvage Value
-
Displays the transaction value.
- Salvage Value
-
Displays the salvage value after adjustment.
- Section 179 Value
-
Displays the Section 179 value before adjustment.
- Operator
-
Displays how the Section 179 value changed during adjustment.
- Section 179 Value
-
Displays the transaction value.
- Sec. 179 Value
-
Displays the Sec. 179 Value after adjustment.
- Current Cost
-
Displays the current cost before adjustment.
- Operator
-
Displays how the current cost changed during adjustment.
- Asset Curr. Cost
-
Displays the transaction value.
- Current Cost
-
Displays the current cost after adjustment.
- Current ITC Amt.
-
Displays the Current ITC Amnt. field before adjustment.
- Operator
-
Displays how the current ITC Amnt. changed during adjustment.
- Current ITC Amount
-
Displays the transaction value.
- Current ITC Amt.
-
Displays the current ITC Amnt. after adjustment.
- Cap.Interest
-
Displays the capitalized interest before adjustment.
- Operator
-
Displays how the capitalized interest changed during adjustment.
- Capitalized Interest
-
Displays the transaction value.
- Cap.Interest
-
Displays the capitalized int. after adjustment.
- Accumulated Depreciation
-
Displays the accumulated depreciation before adjustment.
- Operator
-
Displays how the accumulated depreciation changed during adjustment.
- Accumulated Depreciation
-
Displays the Transaction Value.
- Accum.Deprec.
-
Displays the accumulated depreciation after adjustment.
- Accum.Maint.Cost
-
Displays the Accumulated Maintenance Cost before adjustment.
- Operator
-
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.
- Operator
-
Displays how the additional posting amount changed during adjustment.
- Add. Posting Amount
-
Displays the transaction value.
- Addl. Post. Amt.
-
Displays the additional posting amount after adjustment.
- Asset Life (Years/Periods)
-
The number of years prior to the adjustment transaction.
- /
-
The number of months prior to the adjustment transaction.
- Operator
-
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 Depreciation Posting
-
Indicates whether allow depreciation posting was selected before adjustment.
- Allow Depr. Posting
-
Displays how allow depreciation posting changed during adjustment.
- Allow Depreciation Posting
-
Displays the allow depreciation posting status after adjustment.