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.

Note: If the Category, Group, Subcategory, and In Service Date are adjusted in the Adjust Assets (tffam8220m000) session, and you access this session using the Transaction Detail option from the References menu in the Asset Book Transaction Inquiry (tffam8501m000) session, LN displays the values of these fields before and after the adjustment.

Field Information

Asset Number

asset number and asset extension

Description

The description or name of the code.

Asset Extension

asset number and asset extension

Asset Book

book code

Description

The description or name of the code.

Reason

reason code

Description

The description or name of the code.

Adjustment Date

The date the adjustment was entered into LN.

Document

document

Document Number

document

Line Number

document

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.