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AM00.1 - Book
Use Book (AM00.1) to define a single depreciation book. Books define
parameters for calculating and reporting depreciation. You must define at
least one book during Asset Management setup.
1. (This step) Define a depreciation book.
2. Define a depreciation calendar for the current year (AM01.1).
3. Define an asset type (AM06.1)
4. Define an account group (AM05.1)
5. Define an accounting unit group (AM09.1)
**Processing Effect
A book must have a status of Active to be assigned to an asset.
The convention method you choose in the Conv field determines how depreciation
will be calculated for the first and last month the asset is in service. See
the field help for a description of the predefined conventions.
If you choose Yes in the Method Switch field, the Asset Management system
will switch automatically to a an alternate depreciation method when it is
advantageous. See the field help for more information.
If you select Depreciation History for the book, be aware that Asset
Management will store historical depreciation data for all assets associated
with the book. You should monitor the size of the history files and purge
them periodically.
Depreciation history is recorded from the time the Depreciation History
flag is set. You cannot rebuild depreciation records created before the flag
is set.
If the book is to be used to calculate depreciation for asset classes
rather than individual assets, you must select C (Class Level) in the Type
field, and you must select a compute statement to use in the depreciation
calculations in the Compute Statement field. If you define a book as a class
(Part 32) depreciation book, you should associate it only with assets
depreciated
as a class, according to Part 32 regulations. For more information, see the
Asset Management User Guide.
NOTE Proper implementation is critical to avoid over-depreciation.
When multiple class depreciation books are used, all assets referencing a
specific GL account must be on a class depreciation book, or none of the
assets
should be on the book.
Updated Files
AMBOOK -
Referenced Files
AMASTBOOK -
AMCALENDAR -
CMPUTE -
AM00.2 - Books
Use Books (AM00.2) to define multiple depreciation books. Books define
parameters for calculating and reporting depreciation. You must define at
least one book during Asset Management setup.
**Process at a Glance
1. (This step) Define at least one depreciation book.
2. Define a depreciation calendar for the current year (AM01.1).
3. Define an asset type (AM06.1)
4. Define an account group (AM05.1)
5. Define an accounting unit group (AM09.1)
**Processing Effect
A book must have a status of Active to be assigned to an asset.
The convention method you choose in the Conv field determines how depreciation
will be calculated for the first and last month the asset is in service. See
the field help for a description of the predefined conventions.
If you choose Yes in the Method Switch field, the Asset Management system
will switch automatically to a an alternate depreciation method when it is
advantageous. See the field help for more information.
If you select Depreciation History for the book, be aware that Asset
Management will store historical depreciation data for all assets associated
with the book. You should monitor the size of the history files and purge
them periodically.
Depreciation history is recorded from the time the Depreciation History
flag is set. You cannot rebuild depreciation records created before the flag
is set.
If the book is to be used to calculate depreciation for asset classes
rather than individual assets, you must select C (Class Level) in the Type
field, and you must select a compute statement to use in the depreciation
calculations in the Compute Statement field. If you define a book as a class
(Part 32) depreciation book, you should associate it only with assets
depreciated
as a class, according to Part 32 regulations. For more information, see the
Asset Management User Guide.
NOTE Proper implementation is critical to avoid over-depreciation.
When multiple class depreciation books are used, all assets referencing a
specific GL account must be on a class depreciation book, or none of the
assets
should be on the book.
Updated Files
AMBOOK -
Referenced Files
AMASTBOOK -
AMCALENDAR -
CMPUTE -
INVOKED Programs
IFCU
IFAC
ACAC
ACTA
API4
IFLU
IFOB
IFUP
IFSG
SLSE
SLSU
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