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academy:assetmanagementchecklists:requirementsfordepreciationcalculations

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academy:assetmanagementchecklists:requirementsfordepreciationcalculations [2022/05/20 16:14] – emorenoacademy:assetmanagementchecklists:requirementsfordepreciationcalculations [2023/09/11 15:10] (current) – emoreno
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-<WRAP round intro>This checklist provides the required information to calculate depreciation for capitalized items:+<WRAP round intro>The purpose of this document is to guide you through the required information to calculate depreciation for capitalized items:
   * Inventory records   * Inventory records
   * Transaction records   * Transaction records
   * Depreciation distribution records   * Depreciation distribution records
   * Book records   * Book records
-This checklist assumes you are familiar with the basic features of the ASCENDER Business system and have reviewed the [[academy:business_overview_guide|ASCENDER Business Overview guide]].+This document assumes you are familiar with the basic features of the ASCENDER Business system and have reviewed the [[academy:business_overview_guide|ASCENDER Business Overview guide]]. 
  
-{{page>general:image_example_message}} 
 </WRAP> </WRAP>
 +{{page>general:image_example_message}}
 +
 +----
 +
 +
 +====Before You Begin:====
 +
 +Before you begin depreciation calculations, ensure the following: 
 +
 +VCV Generate and save/print the following reports:
 +
 +  * BAM1100 - Auditor Analysis Report - Verify that no errors exist. 
 +  * BAM1150 - Capital Assets/Inventory Listing
 +  * BAM1650 - Property Class Listing
 +
 +VCV The auditors should have provided the following for your book record:
 +  * Convention (FM/HY)
 +  * Recovery periods for property classes.
 +  * The capital items that are not disposable.
 +
 +VCV You have disposed of items for the year you are calculating.
 +
 +VCV You have removed any prior year disposed items. 
  
 ---- ----
  
-====Requirements for Depreciation Calculations:====+====Calculate Asset Depreciation:====
  
 ^VCV|{{page>general:assetmanagement_requirementsfordepreciationcalculations_checklist_step6}}| ^VCV|{{page>general:assetmanagement_requirementsfordepreciationcalculations_checklist_step6}}|
academy/assetmanagementchecklists/requirementsfordepreciationcalculations.1653063264.txt.gz · Last modified: 2022/05/20 11:14 (external edit)

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