Confirming change depreciation process

This page allows you to confirm the depreciation process. Tell me more.

Select the “Confirm/Delete Process Run” link at the bottom of the “change Depreciation” page.

The “Confirm Change Depreciation Process” page appears.

The system displays the following:

Depreciation Book Code	Use the drop-down list box to select the code identifying the depreciation book. The system lists all the depreciation books defined in the “Set Depreciation Books” activity of the “Asset Depreciation Setup” business component. The system displays “Corporate” by default on launch of the page.
Process Run No.	Use the drop-down list box to select the code identifying the process run. The system lists process run for which the processing has been completed for all assets / tags and which has not been confirmed or deleted. The system displays the first processing number in ascending order.

The system displays the following:

Finance Book	The code identifying the finance book for which the process run number is assigned.
Currency	The base currency of the company.

Click the “Get Details” pushbutton to retrieve the depreciation charge details.

The system displays the following fields in the “Depreciation Charge” multiline:

Note: The system retrieves the assets for which the asset / tag status has been set to “Processed” for change depreciation.

Financial Year Code	The code identifying the financial year in which the depreciation has been charged.
Financial Period Code	The code identifying the financial period in which the depreciation has been charged.
Old Depreciation Charge	The depreciation charged on an asset before the change setup.
New Depreciation Charge	The depreciation charged on an asset after applying the new depreciation rule.
Change Depreciation	The difference between old depreciation method and new depreciation method.

The system displays the following fields below the multiline:

Old Depreciation Total	The total of depreciation charged for the process run.
New Depreciation Total	The sum total of depreciation charged for the process run in the new method.
Change Depreciation Total	The difference in the depreciation charged after adopting the new depreciation method.
Old Suspension Depreciation	The total depreciation charged on an asset during the suspension period.
New Suspension Depreciation Total	The total depreciation charged on an asset during the suspension period based on the change setup.
Change Suspension Depreciation	The difference between the old suspension depreciation total and the new suspension depreciation total.

Check the box in the “Select” column of the multiline to mark the depreciation details
Click the “Confirm” pushbutton to confirm the process run.

The accounting entries will be posted in the books of account after confirmation.

The system updates the status of all assets / tags and the process run to “Confirmed”.

The system also updates the status of the setup number to “Confirmed”.

Click the “Delete” pushbutton to delete the process run.

The system updates the status of all asset tags to “Unprocessed” and the status of process run number to “Deleted”.

The system also updates the status of all set up number attached to the process run to “Deleted”.

To proceed, carry out the following

Select the “Accounting Information” link at the bottom of the page to view the accounting information.

Confirming change depreciation process – An overview

You can also delete the depreciation process. The asset / tags that are “Processed” can be confirmed. You can retrieve the depreciation charge details by specifying the code identifying the depreciation book and the code identifying the process run. The system retrieves the finance book and the base currency of the company. The system displays the depreciation charged for each financial period and the depreciation charged on adopting the new method. The system also displays the suspension depreciation details.

The accounting entries will be posted in the books of account after confirmation. The system updates the status of all assets / tags and the process run to “Confirmed”. The system also updates the status of the setup number to “Confirmed”. The system updates the status of all asset tags to “Unprocessed” and the status of process run number to “Deleted”. The system also updates the status of all set number attached to the process run to “Deleted”.