Fixed Asset Revaluation

Field Name

Description

Comments

Fixed Asset Type

Key field.  Standard asset types include Land (L), Buildings (B), Equipment and Furniture (E), Vehicles (V), Construction-in-Progress (C), Infrastructure (I), and Antiques and Artifacts (A).  The system also supports additional, user-defined asset types.

Must be unique.  Assets will be further defined with the Group field on the Fixed Asset Group (FGRP) Table

Fixed Asset Group

Enter Fixed Asset Group to further classify a Fixed Asset. Fixed Asset Group is keyed by Fixed Asset Type.  The Fixed Asset Group is used as one of the selection criteria in the FAMR process.

Fixed Asset Group Category

The Fixed Asset Group Category is set up on the Fixed Asset Group Category (FGCT) table.  Group categories are collections of related group classes.  Group Category is part of the Fixed Asset Reporting Hierarchy, which provides a more detailed break-out of asset classifications.  Each Group Category must belong to a valid Fixed Asset Type.  The Fixed Asset Group Category is used as one of the selection criteria in the FAMR process.

Fixed Asset Group Class

The Fixed Asset Group Class is set up on the Fixed Asset Group Class (FGCS) table.  Group classes are collections of related Fixed Asset Groups.  Group Class is part of the Fixed Asset Reporting Hierarchy, which provides a more detailed break-out of asset classifications.  Each Group Class must belong to a valid Fixed Asset Type.  The Fixed Asset Group Class is used as one of the selection criteria in the FAMR process.

Commodity

The identification code assigned to the Commodity.

Composite Asset

The Fixed Asset Mass Revaluation process needs to select Composite and Non-Composite assets separately.  Identify whether this Fixed Asset Revaluation Parameter table record should be used to select composite assets.  If selected, only Composite assets will be selected.  You may not select assets by Commodity Code if the Composite Indicator is selected.

Process Sequence Number

Required.  Records on the FA Reval Parameter (FAVAL) table must be numbered to identify the order in which the system should process records.  Enter the Process Sequence Number as whole, positive integers.

Years Since Last Valuation

Years Since Last Valuation provides selection criteria for the Mass Revaluation (FAMR) batch process.  Years Since Last Valuation defines an upper and lower limit date range.  If an asset is to be selected, the Last Valuation Date must fall in this date range.  For example, if the Revaluation Date established as an FAMR batch process parameter is 1/1/2001, and Years Since Last Valuation is set to 1, then assets will be selected where the Last Valuation Date is between 1/1/2000 and 1/1/1999.

Replacement Amount

Fixed Asset Revaluation (FAVAL) records are used by the Fixed Asset Mass Revaluation (FAMR) process to change the Valuation amount on asset records.  Revaluation may be entered as a percentage change, a dollar amount change, or a completely new Replacement Amount.

Valuation Factor

Fixed Asset Revaluation (FAVAL) records are used by the Fixed Asset Mass Revaluation (FAMR) process to change the Valuation amount on asset records.  Revaluation may be entered as a percentage change (Valuation Factor), a dollar amount change, or a completely new Replacement Amount.

Valuation Change Amount

Fixed Asset Revaluation (FAVAL) records are used by the Fixed Asset Mass Revaluation (FAMR) process to change the Valuation amount on asset records.  Revaluation may be entered as a percentage change, a dollar amount change (Valuation Change Amount), or a completely new Replacement Amount.

Active

The Active flag indicates whether or not the entity is active for use. When selected, the value can be used on pages and transactions.