Run Revaluation – A summary of the activity
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This activity allows you to run the hard revaluation of an asset. You can either pick up the soft revaluation run number or the revaluation rule number. The accounting entries are posted after the revaluation run has been processed. This activity also allows you to run the revaluation in batches if the number of assets exceeds certain limit. This activity also allows you to confirm and authorize the revaluation run that is processed. You can also delete the run numbers that are in “Confirmed” or in “Processed” status. After authorization of the revaluation run number, the accounting entries are posted in the books of accounts. This activity also allows you view the revaluation run status. You can also view the revaluation rule that is been set for the asset class.
The system updates the status of the run number to “Confirmed” on confirmation and “Authorized” on authorization. The system updates the status of the run number to “Deleted” on deletion. The system generates a unique revaluation run number on processing the revaluation run. The system also stores the login ID of the user to the last modified by and the system date to the last modified date.
Getting familiar with the pages
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Run Revaluation |
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View / Confirm Revaluation |
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View Accounting Information |
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View Run Status |
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View Error Details |
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View Revaluation Rule |
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Attach Notes |
What you can do in this activity
The assets can be processed in batch if the number of assets exceeds certain limit.
Go to “Run Revaluation” page.
Retrieve the assets by specifying the condition.
Specify the revalue cost and batch run the process.
The revaluation run which is been processed can be authorized. After the authorization the accounting entries are posted in the finance book.
Go to “View / Confirm Revaluation” page.
Specify the revaluation run number and retrieve its details.
Authorize the run number.
The revaluation run number can be confirmed and authorized at the same time.
Go to “View / Confirm Revaluation” page.
Specify the revaluation run number and retrieve its details.
Confirm and authorize the run number.
The system updates the status of the run number to “Authorized”.
The revaluation run number in “Confirmed” or in “Processed” status can be deleted.
Go to “View / Confirm Revaluation” page.
Specify the revaluation run number and retrieve its details.
Delete the run number.
The system updates the status of the run number to “Deleted” on deletion.
The revaluation rule can be viewed through this activity.
Go to “View Revaluation Rule” page.
Specify the rule number and view their details.