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Revaluation
This section details the GL posting for debit and credit transactions for a FA Revaluation transaction.
| (a) | If the FA Module Control option GL update depreciation to branch on asset is not selected: |
Debit [Value asset is revalued by] * see note below
MyAsset.myAnalysis.CostAccount
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
MyAsset.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.FACostAccount
GLControl.suspense
Credit [Value asset is revalued by] * see note below
GLControl.FARevaluationReserveAccount
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
MyAsset.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.suspense
Debit [Total depreciation to date]
MyAsset.myAnalysis.ProvisionForDepreciationAccount
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
MyAsset.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.FAProvisionForDepreciationAccount
GLControl.suspense
Credit [Total depreciation to date]
MyAsset.myAnalysis.CostAccount
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
MyAsset.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.FACostAccount
GLControl.suspense
| (b) | If the FA Module Control option GL update depreciation to branch on asset is selected: |
Debit [Value asset is revalued by] * see note below
MyAsset.myAnalysis.CostAccount
MyAsset.myBranch.glAccountStructure
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.FACostAccount
GLControl.suspense
Credit [Value asset is revalued by] * see note below
GLControl.FARevaluationReserveAccount
MyAsset.myBranch.glAccountStructure
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.suspense
Debit [Total depreciation to date]
MyAsset.myAnalysis.ProvisionForDepreciationAccount
MyAsset.myBranch.glAccountStructure
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.FAProvisionForDepreciationAccount
GLControl.suspense
Credit [Total depreciation to date]
MyAsset.myAnalysis.CostAccount
MyAsset.myBranch.glAccountStructure
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.FACostAccount
GLControl.suspense
This example
represents a revaluation that increases
an asset's book value. The debit and credit transactions will be reversed
for a revaluation that reduces the asset's book value.