Defining Price Indexes (Oracle Assets Help)


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Defining Price Indexes

You must set up your price indexes before you can assign them to an asset category and book in the Asset Categories window. You can use one price index for several asset categories in the same or different books. Or you can have a different price index for each asset category in each depreciation book.

The Revalued Asset Retirement Report uses your price indexes to determine the revalued asset cost. It then uses this cost to calculate gains and losses for your retired assets. You can review all of the price indexes you defined by running the Price Index Listing.

If you want to actually revalue the cost of your assets in your books, you must revalue the asset or category.

To define price indexes:

1. Open the Price Indexes window.

2. Enter the name of the Index you want to define.

Suggestion: The name you enter appears in list of values windows which allow no more than 16 spaces. You may want to limit your name to 16 characters.

3. Enter the index value as a percentage.

4. Enter the dates that this index value is effective. If you leave the To Date blank, the index is effective indefinitely.

5. Save your work.

Defining Price Indexes

To define price indexes:

See Also