Fixed Asset Revaluation

The Fixed Asset Revaluation (FAVAL) reference page is not one that is referenced on any Fixed Asset Transaction, but is used by the Fixed Asset Mass Revaluation system process. The update to the Valuation Amount and Valuation Date of a single fixed asset is typically an event completed by a single user with the Fixed Asset Modification transaction. When multiple assets need to be updated, the Fixed Asset Mass Revaluation page facilitates those updates by defining selection criteria at one or more levels of detail and controls to update valuation information.

Field InformationField Information

The fields that are not already discussed in the topics under "FA Transaction Type" or are self-explanatory are listed below. Of the three fields that define the method of updating the Valuation Amount, only one can be specified on a record.

Field Name	Description
Process Sequence Number	Each record must be assigned a unique number to define the processing order.
Years Since Last Valuation	Valuation is a yearly exercise or every other year or every five years and so forth, depending on the type of asset. As such, a number of years selection parameter is needed along with a process parameter of Valuation Date. Together a date range is calculated for selection. For example, the process parameter is 1/1/2020 and the Years Since Last Evaluation is 1. The date range for selection would be 1/1/2019 to 1/1/2018.
Replacement Amount	The first of three different methods of updating the Valuation Amount is to use this field to set that amount to a specified amount.
Valuation Factor	The second of three different methods of updating the Valuation Amount is to use this field to define a percentage that is multiplied against the existing Valuation Amount.
Valuation Change Amount	The third of three different methods of updating the Valuation Amount is to use this field to define a delta amount to be added (positive amount) or subtracted (negative amount) to/from the existing Valuation Amount.