Working with Asset Financials

This topic provides an overview of asset financials and discusses how to work with asset financials.

Page Name

Definition Name

Usage

Financial Statistics Detail Page

IT_FIN_STAT_COMP

View a snapshot of enterprise IT asset current valuation.

IT Asset Management provides financial statistics metrics that you can access through the IT portal. You can drill down to a more detailed summary component from the portal.

The metrics include cost and depreciation information about IT hardware and software assets and can be grouped by user-defined department tree or user-defined business unit tree. The grouping of the financial data is defined on the user preferences setup page in IT Asset Management. If the setup is changed, the metrics are reset and new metrics are posted when the IT Financial Report process is run.

Use the Financial Statistics Detail page (IT_FIN_STAT_COMP) to view a snapshot of enterprise IT asset current valuation.

Image: Financial Statistics Detail page

This example illustrates the fields and controls on the Financial Statistics Detail page. You can find definitions for the fields and controls later on this page.

Financial Statistics Detail page

Field or Control

Definition

Tree Name

Defines the group by criteria such as business unit or department.

As Of Date

Displays the date that the process was run.

Level name

Displays the level that is included in the report.

Currency Code

Displays the currency code that is selected on the ITAM User Preference page.

Tree Node

Displays the current tree node. Selecting a different tree node automatically refreshes the data for the new tree node. You do not need to go back to the portal.

Rate Type

Displays the rate type that is selected on the ITAM User Preference page.

Cost and Depreciation

Field or Control

Definition

Avg Life Remaining (average life remaining)

This field is calculated based on the following algorithm: Sum of (Useful life - Life to Date life) รท Quantity of assets with useful life available.

Depending upon the depreciation method, some assets may not have a useful life attached. In those cases, the asset is not computed for the algorithm. If quantity equals zero, a not applicable (N/A) legend appears in the field.

Units

Displays the algebraic addition of quantity field for every asset ID to be included in the statistics.

Cost

Displays the cost that is defined in Asset Management.

Salvage Value

Displays the salvage value, if applicable.

Year to Date Depreciation

Displays the depreciation from the beginning of the year for the report up to the date when the report has been run.

Life to Date Depreciation

Displays the depreciation along the entire asset useful life to the date when the report has been run.

Net Book Value

Displays the algebraic addition of net book value for every asset that is included in the statistics.

See Understanding Depreciation Processing.