Modify Depreciation Calendar Info

Explanation

Use this activity to add/modify depreciation calendars in IFS/Fixed Assets.

Prerequisites

Before the accounting period is checked/added, the following must have been completed:

• The accounting period must exist in IFS/Accounting Rules.

System Effects

As a result of this activity, books can be connected to a depreciation calendar. Then the object transactions created will be assigned to depreciation calendar periods and, if appropriate, posted to an accounting period based on this information specified here.

Window

Depreciation Calendar

Related Window Descriptions

Depreciation Calendar

Procedure

Use the following procedure to check if the accounting period exists in IFS/Fixed Assets:

1. Open the Depreciation Calendar window.
2. Find the existing periods.

If the accounting period does not exist in IFS/Fixed Assets, do the following:

1. Open the Depreciation Calendar window.
2. When information on a new accounting period is entered, all fields are mandatory, excluding the Description field. In the Period field, you can select a year from List of Values. A check is made that the accounting periods are in sequence with regard to year and period and that the dates for Date From and Date To are in sequence. A check is made that any accounting year does not have fewer periods than the previous accounting year.
3. You can specify the calendar as the default calendar used for depreciation by selecting the Default Calendar check box. If there is a default calendar already defined for the company, you cannot edit this check box.
4. Save when finished.

In Depreciation Calendar, the following operation is available:

• Create Depreciation Periods. This shows the dialog box Create Depreciation Periods. This operation is used for creating new depreciation periods for an interval of years. In the Depreciation Period From Year field, you specify the year from which accounting periods are to be created. In the Depreciation Period To Year field, you specify the year up to and including the accounting periods that are to be created. Acknowledge creation of accounting periods by clicking OK. A check will be made that the accounting periods have not been set up already. The accounting periods are copied from IFS/Accounting Rules.