Submitting an Inflation Adjustment Accounting Report


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Submitting an Inflation Adjustment Accounting Report

The Inflation Adjustment window lets you adjust the balance sheet accounts that are defined as adjustable. You can adjust any accounting model that you previously defined and specify the gain/loss account that you want to post the unrealized inflation adjustments to.

This window creates a concurrent process that calculates the inflation adjustments and creates the inflation adjustment journal entry.

You must enter the periods that you want to run the report for, the index name that you want to use, and the REI account name. You can generate the report for all accounts or only those accounts that are adjusted for inflation. In addition, you can also post the adjustments to General Ledger with Run Journal Import.

To submit an inflation adjustment accounting report:

1. Navigate to the Inflation Adjustment Accounting Models window (Argentine General Ledger: Currency > Inflation Adjustment > Run).

2. Enter the REI account (inflation adjustment gain/loss) account in the REI field.

3. Enter the periods in the From and To fields.

4. Enter the index name in the Index Name field. This is the same index name that you created in the Price Indexes window.

5. Enter the Accounting Flexfield ranges that you want to adjust. You can enter new ranges, enter an accounting model, enter an accounting model and modify it, or create a new accounting model.

For this option
Do these steps
Enter new accounting ranges
1. Select a blank Account Low field. The Accounting window appears.
2. Enter new Accounting Flexfield ranges in the Low and High fields.
3. Press the OK button.
Enter an existing accounting model
Enter an accounting model name in the Accounting Model field. This is the same Accounting Model name that you created in the Inflation Adjustment Accounting Models window. Ranges are automatically displayed in the Account Low and Account High flexfields.
Modify an existing accounting model
1. Enter an accounting model name in the Accounting Model field.
2. Enter new accounting ranges in the Accounting window to add new Accounting Flexfield ranges to the model.
3. Select an Account Low field to change an existing Accounting Flexfield range. You can change any of the parameters in the Accounting window.
4. Check the Modify check box in the Accounting Model region to save the modifications.
Create a new model
1. Enter an accounting model name in the Accounting Model field to include Accounting Flexfield ranges from an existing model.
2. Leave the Accounting Model field blank to create new ranges for the model. Enter the new accounting ranges in the Accounting window.
3. Check the Create check box in the Accounting Model region and enter a name for the model.

6. In the Accounts to Report region, check the Adjusted Only check box to report only adjusted accounts. Check the All check box to report all accounts in General Ledger. Journal entries are created only for adjusted accounts.

7. Check the Run Journal Import check box to run the Journal Import Program that imports journal entries to General Ledger.

8. Press the Adjust button to submit the process that adjusts the accounts.

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For this option	Do these steps
Enter new accounting ranges	1. Select a blank Account Low field. The Accounting window appears. 2. Enter new Accounting Flexfield ranges in the Low and High fields. 3. Press the OK button.
Enter an existing accounting model	Enter an accounting model name in the Accounting Model field. This is the same Accounting Model name that you created in the Inflation Adjustment Accounting Models window. Ranges are automatically displayed in the Account Low and Account High flexfields.
Modify an existing accounting model	1. Enter an accounting model name in the Accounting Model field. 2. Enter new accounting ranges in the Accounting window to add new Accounting Flexfield ranges to the model. 3. Select an Account Low field to change an existing Accounting Flexfield range. You can change any of the parameters in the Accounting window. 4. Check the Modify check box in the Accounting Model region to save the modifications.
Create a new model	1. Enter an accounting model name in the Accounting Model field to include Accounting Flexfield ranges from an existing model. 2. Leave the Accounting Model field blank to create new ranges for the model. Enter the new accounting ranges in the Accounting window. 3. Check the Create check box in the Accounting Model region and enter a name for the model.