Set Revaluation Rule – A summary of the activity
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This activity allows you to revalue the book value of fixed asset due to increase or decrease in the cost of the asset. The result of this revaluation would reflect the true picture of the asset cost. You can set a new revaluation rule or modify the existing revaluation rule in this activity. You can also revalue the cumulative depreciation of an asset. This activity also allows you to automatically run a soft revaluation run after setting a Revaluation Rule. This activity also allows you to view the soft revaluation details and update the insurance details. You can also view the status of the soft revaluation run.
The system generates a unique revaluation run number, based on the numbering type. You can provide a unique number identifying the revaluation rule. The system automatically runs the soft revaluation if the details are been specified, based on the numbering type specified. The system updates the status of the soft revaluation run number to “In Process”. The system updates the login ID of the user to the last modified by and the system date to the last modified date. The system also displays the creation details of the revaluation rule.
Getting familiar with the pages
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Set Revaluation Rule |
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View Soft Revaluation |
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View Run Status |
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View Error Details |
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Attach Notes |
What you can do in this activity
Upward and downward revaluation of asset
Revaluation depreciation book wise
Revalue accumulated depreciation
Revaluation rule in the asset class
Upward and downward revaluation of asset
The assets can be revalued both upwards and downward.
Go to “Set Revaluation Rule” page.
Specify the revaluation type and provide all necessary information in defining the revaluation rule.
The revaluation details can be pre viewed before actual revaluation.
Go to “View Soft Revaluation” page.
Specify the search criteria to retrieve the asset information.
Revaluation depreciation book wise
The revaluation of the asset can be made by depreciation book wise.
Go to “Set Revaluation Rule” page.
Specify the code identifying the depreciation book.
Set the revaluation rule.
The soft revaluation can be automatically processed for insurance and reporting purpose.
Go to “Set Revaluation Rule” page.
Specify the revaluation rule details.
Specify the run date and the numbering type.
The system generates a unique soft revaluation run number based on the numbering type selected.
Revalue accumulated depreciation
The cumulative depreciation of an asset can be revalued.
Go to “Set Revaluation Rule” page.
Check the “Revalue Cumulative Depreciation” box.
The revaluation of an asset can be made based on the index value.
Go to “Set Revaluation Rule” page.
Select the index as the revaluation option.
Specify the index option and the set the revaluation rule.
Revaluation rule in the asset class
The revaluation rule can be specified, asset class wise or for all asset classes.
Go to “Set Revaluation Rule” page.
Select the asset class code, whose assets must come under the revaluation rule set.
Set the revaluation rule defined.