Capturing and Maintaining Asset Fair Value
Fair Value is a key factor in establishing revaluation of assets. PeopleSoft Asset Management stores this information based on each asset and allows you to add a new fair value (FV) on a regular basis, leave it blank, or let it stay as original cost, depending upon your business requirements. FV is not rolled up to the composite asset from its members. and the FV history cannot be deleted for audit purposes.
FV history cannot be deleted or updated for audit purposes unless you are authorized to edit within Correction Mode. Any changes made in this value after performing revaluation do not affect existing revaluations.
You can load market values in mass using the Excel to CI component interface.
See Adding Assets with the Excel to Component Interface Utility.
This topic lists the page that you use to capture and maintain asset FV.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
AM_FV_DEFN |
Capture and maintain the asset fair value that is to be used in the revaluation process. |
Use the Fair Value page (AM_FV_DEFN) to capture and maintain the asset fair value that is to be used in the revaluation process.
Navigation:
This example illustrates the fields and controls on the Fair Value Page. You can find definitions for the fields and controls later on this page.
Field or Control |
Description |
|---|---|
Effective Date |
Enter the date that the revaluation process will use to find FV at a specified point in time. |
Effective Sequence |
The system populates this field and is incremented when a new row is inserted with the same effective date. |
Fair Value: |
Enter the amount to be copied to the Basic Add page where the current fair value is displayed. Note: If the asset is a capital lease, synchronize the fair value entered from the Lease Express Add page or the Update Lease Information page. The FV entered on the lease page is inserted in the FV table with the transaction date as the effective and appraisal dates. The valuation method is Acquisition Amount. The FV becomes unavailable for edit on the FV table, but you can modify it on the Lease Update page (ASSET_LEASE_01.) The system allows you to add/update other rows. On this page, you can change only the original FV, and it is copied into the FV table. A new row inserted on the FV page will not impact on the FV field on the Lease Update page. |
Currency |
Enter the currency to be used to measure the FV. This field value automatically populates from the default book currency. |
Rate Type |
Enter the rate type that will be used to convert FV to base currency when it is used for revaluation. This field value automatically populates from the default book rate type. |
Valuation Method |
Select the valuation method that is to be used for this asset. |
Valuation Premise |
Designate the valuation premise as either In-Use or In Exchange. If In Use is selected, the Group By and FV Group ID fields appear. |
Input Level |
Select the report input level for the asset: Level 1, Level 2 or Level 3. The default value is blank. |
Group By |
This field is active when the Valuation Premise is In-Use. Select the appropriate grouping for the asset. |
FV Group ID(fair value group ID) |
This field is active when the Valuation Premise is In-Use. Select the appropriate FV Group ID. |