Selecting revaluation run number for reversing

This page allows you to search and select the revaluation run number for reversal. Only the revaluation run number in “Authorized” status can be reversed. You can directly enter the run number if you are aware of it or carry out the search using the number identifying the revaluation run, the number identifying the revaluation rule, the date on which the revaluation run was processed. The Revaluation Option, the code identifying the asset class, the depreciation category, the asset and the tag number, the code identifying the finance book and Cost Center. The system retrieves the revaluation run numbers that are in “Authorized” status. You can also reverse the selected asset or the revaluation run number in this page.

The system updates the status of the revaluation run to “Reversed” and generates a unique reversal document number. The system also stores the login ID of the user to the last modified by and the system date to the last modified date.

Select the “Reverse Revaluation” link under the “Asset Revaluation” business component.

The “Select Revaluation Run” page appears.

Enter the following fields:

Reversal Option	Use the drop-down list box to select the method in which you want to do the reversal. The reversal options available are
	By Asset – Indicates that an individual assets belonging to the revaluation run can be selected for reversal.
	By Revaluation Run – Indicates that the revaluation run number can be reversed.
	The system displays “By Asset” by default on launch of the page.
Revaluation Run No.	The code identifying the revaluation run, whose details are to be reversed (Alphanumeric, 20).

Enter the following fields in the “Search Criteria” group box to search for the revaluation run number.

Revaluation Run No.	The code identifying the revaluation run, whose details are to be reversed (Alphanumeric, 20).
Revaluation Rule No.	The number identifying the revaluation rule (Alphanumeric, 20).
	Help facility available.
Run Date	The date on which the revaluation run was processed (Date Format). The system retrieves the revaluation run whose run date is the date specified here.
Revaluation Option	Use the drop-down list box to select the revaluation option. The various options available are
	Indexes – Indicates that the revaluation is done with respect to an index provided.
	Percentage – Indicates that the assets can be revalued based on the percentage value. For example, if the percentage specified is 50%, then half of the asset cost can be revalued.
	By Amount – Indicates that the assets can be revalued by certain amount. If the amount specified is 50,000 and the cost of the asset is 1,00,000, then the cost of the asset after revaluation would be 1,50,000.
	To Amount – Indicates that the assets are to be revalued to an amount.
	The system displays the “Indexes” by default on launch of the page.
Asset Class Code	Use the drop-down list box to select the code identifying the asset class. The system lists all the asset class for which the revaluation run number exists in “Authorized” status. The system displays the first asset class code by default on launch of the page.
Depreciation Category	Use the drop-down list box to select the code identifying the depreciation category. The system lists the depreciation category for which the revaluation run number exists in “Authorized” status. The system displays the first depreciation category code by default on launch of the page.
Asset No.	The code identifying the asset (Alphanumeric, 18).
Tag No.	The code identifying the asset tag (Integer).
Cost Center	The code identifying the cost center to which the account codes are mapped (Alphanumeric, 10).
Finance Book	Use the drop-down list box to select the code identifying the finance book. The system lists all the finance books for which the revaluation run number exists in “Authorized” status. The system displays the first finance book code by default on launch of the page.

Click the “Search” pushbutton to retrieve the revaluation run details.

The system displays the following fields in the “Search Result” multiline:

Note: The system retrieves the revaluation run number in “Authorized” status for reversal.

Asset No.	The number identifying the assets.
Tag No.	The code identifying the asset tags.
Original Asset Cost	The original cost of the asset.
Last Revalued Asset Cost	The cost of the asset after the last revaluation.
Asset Book Value	The cost of the asset after charging the depreciation. The system displays the difference between the asset cost and the cumulative depreciation.
Gross Revalued Cost	The revalued cost of an asset. The system displays the total of the tag cost and the revaluation amount.
Revalued Depreciation	The revalued cumulative depreciation of an asset.
Net Revalued Cost	The system displays the difference between the gross revaluation cost and the revalued cumulative depreciation or the cumulative depreciation, if it is not been revalued.
Revaluation Depreciation Category	The code identifying the depreciation category to which the asset class are mapped.
Revaluation Run No.	The number identifying the revaluation run.

The system displays the following fields in the “Reversal Information” group box:

Reversal Doc. No.	The unique number generated while reversing the revaluation run. This number is automatically generated by the system based on the numbering type selected.
Status	The status of the revaluation run number. The system updates the status to “Reverse” on clicking the “Reverse” pushbutton.
Finance Book	The code identifying the finance book in which the accounting entries are posted. The system defaults the finance book specified in the header.

Enter the following fields:

Reversal Date

The date on which the revaluation run must be reversed (Date Format). Mandatory. The reversal date must be less than the system date and greater than the run date.

Note: The reversal date must fall within the open financial year.

The financial year start date and end date for the reversal date and the run date must be the same.

Numbering Type

Use the drop-down list box to select the numbering type for the login organization unit and the “ASRR” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Document Numbering Class” business component and must be in “Active” status as on the Transaction date. The system displays the numbering type set as default for the transaction in the “Document Numbering Class” business component.

Check the box in the “Select” column of the multiline to mark the assets.

Click the “Reverse” pushbutton to reverse the entries that are authorized.

Note: Atleast one row in the multiline must be marked for reversal.

If the depreciation processing has been completed before revaluation, the processing will have to be reversed before revaluation.

All the accounting entries generated during authorization are reversed.

The system generates a unique reversal document number based on the numbering pattern selected.

If the reversal option is “By Asset”, the system updates the status to “Reversed” for the selected asset. The Status of the revaluation run remains the same.

If the reversal option is “By Revaluation Run”, the system updates the status to “Reversed” for the revaluation run number.

The system updates the login ID of the user to the last modified by and the system date to the last modified date.

To proceed, carry out the following

Select the “Reverse Revaluation” link at the bottom of the page to reverse the selected revaluation run.
Select the “Accounting Information” link at the bottom of the page to view the accounting information.

What you can do in this page

Specify reversal option

You can reverse the revaluation run based on the option selected.

Set the “Reversal Option” field to “By Asset” for reversing an individual asset in the revaluation run.
Set the “Reversal Option” field to “By Revaluation Run” for reversing the revaluation run number.