31 Calculate Revaluation

This chapter contains the topic:

• Section 31.1, "Calculating Revaluation."

Use the Revaluation Journal program to revalue your assets. The program can be run in preliminary mode to view the projected revaluation amounts or in final mode to update the Item Master (F1201), Item Balance (F1202), and Journal Entries (F0911) tables with these amounts. Unless you specify otherwise, the system updates the cost, primary accumulated depreciation, and secondary accumulated depreciation accounts. You determine which assets or asset groups to revalue through data selection.

31.1 Calculating Revaluation

Navigation

From Fixed Assets (G12), choose 27

From Advanced Operations (G1231), choose Revalue Assets Asset Revaluation (G1234), choose Revaluation Journal

To create an unrecognized gain or loss, you can designate a subledger to post the revaluation adjustment. With this method, you can preserve your historical cost while continuing to revalue your assets.

When you select Revaluation Journal, the system displays a DREAM Writer versions list. The DREAM Writer versions list includes DEMO versions that you can run or copy and modify to suit your needs. When you run a version, the system displays Processing Options Revisions before submitting the job for processing.

31.1.1 What You Should Know About

Topic	Description
Revaluation Journal report	The report is printed asset by asset under each account. If you revalue large numbers of assets, the report can be long. You can maintain the report as a spool file unless you are required to print a hard copy.
Inception to date revaluation requirement	To calculate an inception to date revaluation, Item Balance (F1202) table records must exist for every year of the life of every asset that is included in the revaluation.
Revaluation by amount or allocation	To revalue assets by set amounts or allocations, you must either manually create journal entries or use STAR to create them.
Updating the Item Master table (F1201)	Through processing options, you can limit the effect of revaluation to updating either or both the Last Year Cost and the Replacement Cost fields.
Journal review	Batch type AR is integrated into Journal Review, so you can drill down and view documents through the General Ledger Batch Review (P09202).

See Also:

• Work with DREAM Writer Versions in the JD Edwards World Common Foundation Guide for information about running, copying, and changing a DREAM Writer version.

31.1.2 Processing Options

See Section 73.1, "Revaluation Journal (P12845)."