Understanding Asset Revaluation

You use the Revaluation Journal program (R12845) to revalue the assets. The program can be run in preliminary mode to view the projected revaluation amounts or in final mode to update the F1201 table, the F1202 table, and the F0911 table with these amounts. Unless you specify otherwise, the system updates the cost, primary accumulated depreciation, and secondary accumulated depreciation accounts. You determine which assets or asset groups to revalue through data selection. Set processing options to specify the from and to ledger types, subledgers, and subledger types.

To create an unrecognized gain or loss, you can designate a subledger to post the revaluation adjustment. With this method, you can preserve the historical cost while continuing to revalue the assets.

To calculate an inception to date revaluation, F1202 records must exist for every year of the life of every asset that is included in the revaluation.

To revalue assets by set amounts or allocations, you must either manually create journal entries or use a report writer to create them.

The Revaluation Journal prints assets by company. If you revalue large numbers of assets, the report can be long. You can maintain the report as a spool file unless you are required to print a report.

Use processing options to limit the effect of revaluation to updating either or both the Last Year Cost and the Replacement Cost fields in F1201.