Inflation Adjustment Fa
Inflation Adjustment Fa
Inflation Adjustment Fa
Copyright
Copyright 2007 Microsoft Corporation. All rights reserved. Complying with all applicable copyright laws is the responsibility of the user. Without limiting the rights under copyright, no part of this document may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording, or otherwise), or for any purpose, without the express written permission of Microsoft Corporation. Notwithstanding the foregoing, the licensee of the software with which this document was provided may make a reasonable number of copies of this document solely for internal use.
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Publication date
March 2007
Contents
Introduction ............................................................................................................................................... 1
Whats in this manual...................................................................................................................................1 Symbols and conventions ............................................................................................................................2 Resources available from the Help menu..................................................................................................2 Send us your documentation comments ...................................................................................................4
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Introduction
Fixed Assets Inflation Adjustment is a tool that allows you to adjust the inflation for fixed assets, for each period of the fiscal year. The adjustments are calculated using the annual, accrued monthly or monthly PAAG (Adjustment Percentage for the taxable year) methods. You can set up account groups and further assign a range of accounts to a group ID. You can also view and print reports for the inflation adjustment you have performed.
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This manual uses the following conventions to refer to sections, navigation and other information.
Convention
Creating a batch File >> Print or File > Print
Description
Italicized type indicates the name of a section or procedure. The (>>) or (>) symbol indicates a sequence of actions, such as selecting items from a menu or toolbar, or pressing buttons in a window. This example directs you to go to the File menu and choose Print. All capital letters indicate a key or a key sequence.
TAB
or ENTER
Contents
Opens the Help file for the active Microsoft Dynamics GP component, and displays the main contents topic. To browse a more detailed table of contents, click the Contents tab above the Help navigation pane. Items in the contents topic and tab are arranged by module. If the contents for the active component includes an Additional Help files topic, click the links to view separate Help files that describe additional components. To find information in Help by using the index or full-text search, click the appropriate tab above the navigation pane, and type the keyword to find. To save the link to a topic in the Help, select a topic and then select the Favorites tab. Click Add.
Index
Opens the Help file for the active Microsoft Dynamics GP component, with the Index tab active. To find information about a window thats not currently displayed, type the name of the window, and click Display.
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Lookup
Opens a lookup window, if a window that you are viewing has a lookup window. For example, if the Checkbook Maintenance window is open, you can choose this item to open the Checkbooks lookup window.
Printable Manuals
Displays a list of manuals in Adobe Acrobat .pdf format, which you can print or view.
Orientation Training
Accesses online tutorials that show you how to complete basic procedures within Microsoft Dynamics GP. Additional tutorials are available through the CustomerSource Web site.
Whats New
Provides information about enhancements that were added to Microsoft Dynamics GP since the last major release.
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Chapter 1:
The Company Name field displays the name of the company you are logged into. 2. Mark the Adjust Fully Depreciated Assets checkbox to perform the inflation adjustment for fully depreciated assets. Enter the asset serial number. This value increments by one each time an asset is adjusted for inflation. Choose OK to save the changes and close the window.
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The Account Group ID and the Description fields display your selection in the Account Group Setup window. Enter or select the account numbers for each of the accounts in the account group. For a description of each account, refer to Inflation adjustment account groups on page 6. Choose Save to save the accounts, Clear to clear the values and Delete to delete the accounts you have set up.
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The Asset ID and Book ID fields default from the Asset Book window. The Adjusted to Date field displays the date up to which the adjustments have been calculated. Refer to Entering the adjustment percentages for a period on page 10 for more information.
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The Cost Inf. Adjustment field displays the inflation adjustment amount calculated on the cost of the asset. The Deprec Inf. Adjustment field displays the inflation adjustment amount that is calculated on the depreciation of the asset. The Adj. Accumulated Deprec. field displays the inflation adjustment amount for the accumulated adjusted depreciation. The Adjusted Net Value displays the net value of the asset after performing the inflation adjustment. Adjusted Net Value = Asset cost + Cost Inf. Adjustment amount - depreciation value of the asset - depreciation inflation adjustment amount - adjusted accumulated depreciation.
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The Asset ID and the Status fields default from the Asset Account window. Enter or select the account numbers for each of the accounts in the account group. For a description of each account, refer to Inflation adjustment account groups on page 6. Choose Save to save the accounts, Clear to clear the values and Delete to delete the accounts you have set up.
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Chapter 2:
Routines
Use this information to adjust the value of fixed assets for inflation for a specified period, using the inflation adjustment percentages. This information is divided into the following sections: Adjusting inflation for an asset group Entering the adjustment percentages for a period
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Enter or select an Asset Group ID for which to calculate the inflation adjustment. Enter or select a Book. Select the year for which to calculate the inflation adjustment. Choose the expansion button to open the Percentage of Adjustment window where you can enter the adjustment percentage for the year. Refer to Entering the adjustment percentages for a period on page 10 for more information. The Period of Adjustment, Adjust to Date, and the Percentage of Adjustment fields default from the Percentage of Adjustment window.
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Select Post to post the inflation adjustments to the Fixed Assets Inflation Adjustment module. A report is printed displaying the inflation adjustment that was performed. Select Report to preview the inflation adjustment before posting. The Date of Accounting field displays the posting date for General Ledger entries. You can modify this date if required. Choose Apply to calculate the inflation adjustment for the Asset Group.
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10. Choose Clear to clear the values in the window, or Cancel to cancel the process and close the window.
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Select the period for which to enter the adjustment percentage. Choose the Percentage expansion button to open the Percentage Maintenance window where you can enter the percentage for inflation adjustment. Choose Save in the Percentage Maintenance window to save the adjustment percentage and return to the Percentage of Adjustment window. Choose Select in the Percentage of Adjustment window to select the period and the adjustment percentage and return to the Calculate Inflation Adjustment window.
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Chapter 3:
The Asset ID and Book ID fields default from the Asset Book Inquiry window. 2. The Adjusted to Date field displays the date up to which the adjustments have been calculated. The Cost Inf. Adjustment field displays the cost of the asset after inflation adjustment. The Deprec Infl. Adjustment field displays the inflation adjustment amount that is calculated on the depreciation of the asset. The Adj. Accumulated Deprec. field displays the adjustment amount for the accumulated adjusted depreciation.
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The Adjusted Net Value displays the net value of the asset after inflation adjustment. Choose OK to close the window.
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In the Assets field, select All to print the report for all the assets. You can also enter a range in the From and To fields respectively to print the report for the assets that fall in the specified range. Choose Print to print the FAIA Adjusted Cost report. Choose Cancel to cancel the process and close the window, or Clear to clear the values in the window.
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In the Assets field, select All to print the report for all the assets. You can also enter a range in the From and To fields respectively to print the report for the assets that fall in the specified range. Choose Print to print the FAIA Adjusted Depreciation report. Choose Cancel to cancel the process and close the window.
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In the Assets field, select All to print the report for all the assets. You can also enter a range in the From and To fields respectively to print the report for the assets that fall in the specified range. Choose Print to print the FAAI Net Adjusted report. Choose Cancel to cancel the process and close the window.
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The Asset ID and Book ID fields display the values from the Financial Detail Inquiry window. 2. Select the Transaction Account Type Filters group for which to view transactions. Cost Adj. Mark this transaction account type to view all the transactions for the inflation adjustment performed on the cost of the asset. Cost Depr./Adj Mark this transaction account type to view all the transactions for the inflation adjustment performed on the depreciation of the asset. Util./Per. Inflation Mark this transaction account type to view all the transactions for the inflation adjustment performed on an asset that is retired, or if you have reversed a retired asset. Adj. Depreciation Mark this transaction account type to view all the transactions for the inflation adjustment performed on the adjusted depreciation accumulated. 3. Choose Redisplay to refresh the information displayed in the Financial Detail Inquiry window as per your selection. Choose OK to close the window.
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The Asset ID and Asset Class ID display values from the Book Compare Inquiry window. You can view the inflation adjustment for the books you have selected in the FAIA Book Compare Inquiry window. 2. The Adjusted to Date field displays the date up to which the adjustments have been calculated. Refer to Entering the adjustment percentages for a period on page 10 for more information. The Cost Inf. Adjustment field displays the inflation adjustment amount calculated on the cost of the asset. The Deprec Inf. Adjustment field displays the inflation adjustment amount that is calculated on the depreciation of the asset. The Cost Adjustment Deprec. displays the inflation adjustment amount for the adjusted depreciation accumulated during the year. The Adjusted Net Value displays the net value of the asset after performing the inflation adjustment. Choose OK to close the window after viewing the information.
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Glossary
Adjustment inflation cost
Cost of the asset after performing the inflation adjustment.
Gain/Period by Inflation
The gain or loss incurred on the cost of the asset after performing inflation adjustment.
PAAG
Inflation adjustment index provided by the legal authorities.
Historical cost
Acquisition cost of the asset plus all normal incidental costs necessary to bring the asset into existing use and location.
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Index
A
adjustment percentages, entering 10 asset account record, creating 8 asset books, comparing 15
N
new features, information about 3
O
Orientation training, accessing 3
C
Calculate Inflation Adjustment window, displaying 9 changes since last release, information about 3 company information, setting up 5 current upgrade information, accessing on the Web 3
P
Percentage of Adjustment window, displaying 10
R
reports printing FAAI Adjusted Net Value report 13 FAIA Adjusted Cost report 12 FAIA Adjusted Depreciation report 12 FAIA Payment Adjustment report 12 required fields, described 3 resources, documentation 2
D
documentation, symbols and conventions 2
F
FAAI Adjusted Net Value window, displaying 13 FAIA Account Group Setup window, displaying 7 FAIA Adjusted Cost window, displaying 12 FAIA Adjusted Depreciation window, displaying 12 FAIA Asset Account window, displaying 8 FAIA Asset Book Inquiry window, displaying 11 FAIA Asset Book window, displaying 7 FAIA Book Compare Inquiry window, displaying 15 FAIA Company Setup window, displaying 5 FAIA Financial Detail Inquiry window, displaying 13 Fixed Assets Inflation Adjustment, overview 5
S
symbols, used in manual 2
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transaction account types, selecting 13 tutorial, accessing 3
U
upgrade information, accessing on the Web 3
W
whats new, accessing 3
H
help, displaying 2 Help menu, described 2
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icons, used in manual 2 inflation adjustment for an asset group 9 introduction 1 inflation adjustment account groups, explained 6 inflation adjustment accounts, assigning to an account group 6 inflation adjustment information, viewing 14
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lessons, accessing 3
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