Revaluing Assets
Revalue assets to adjust the value of your capitalized assets in a highly inflationary economy. You can revalue all categories in a book, all assets in a category, or individual assets.
The Mass Revaluation process includes the following steps:
- Create Mass Revaluation Definition
- Optionally Review Revaluation
Suggestion: To obtain a value for replacement cost for insurance purposes, run the Mass Revaluation Preview Report without performing the revaluation.
Prerequisites
To revalue all assets in a category:
1. Navigate to the Mass Revaluations window.
2. Enter the Book for which you want to revalue assets.
3. Enter a Description of the revaluation definition.
5. Enter the category you want to revalue.
6. Enter the revaluation percentage rate to revalue your assets. Enter either a positive or negative number.
7. Override revaluation rules if necessary.
Oracle Assets runs the Mass Revaluation Preview Report so you can preview what effect this revaluation will have when you perform it. If necessary, update the definition and run the preview report again.
Attention: You must preview the revaluation definition before you perform it.
9. Find the revaluation definition using the Mass Transaction Number.
10. Choose Run. Oracle Assets begins a concurrent process to perform the revaluation.
11. Review the log file after the request completes.
To revalue an individual asset:
- Enter the asset number you want to revalue instead of a category. If you revalue a single asset in a category which is also being revalued, the rate you enter for the asset overrides the category rate.
To review the effects of a revaluation:
1. Navigate to the Mass Revaluations window.
2. Find the revaluation definition you want to review.
3. Choose Review to run the Mass Revaluation Review Report.
4. Review the log file and report after the request completes.
To copy an existing revaluation definition:
1. Navigate to the Mass Revaluations window.
2. Query the revaluation definition you want to copy.
3. Choose Special, Copy Definition from the menu.
4. Specify your rates and override any of the copied information in your new definition.
See Also
Asset Management in a Highly Inflationary Economy (Revaluation)
Journal Entries for Revaluations
Revaluation Reports
Set up your Revaluation Rules and Accounts. See: Defining Depreciation Books.