Intercompany asset assignment page
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Events tile > Intragroup asset assignment > select process
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Purpose of the page¶
This page allows you to insert data related to an intercompany asset assignment event, used to generated the capital gain elimination journals and to restore the historical cost and depreciation fund. These data are used by the Intercompany asset assignment data processing.
Note: every intercompany assignment event relates to a specific process. The data contained on this page therefore relate to the process selected on opening.
Actions on this page
| Element | Description |
|---|---|
| Create Depreciation Plans: allows you to create a depreciation plan for the event for the assigning and/or acquiring entity. Depreciation Plan: allows you to view the depreciation plans that have been created (by assigning entity and acquiring entity). |
Fields in the Attributes tab
| Field | Description |
|---|---|
| Event number | Unique number of the assignment event. Allows you to manage several assignments within the same period among the same entities in the group. IMPORTANT: only events in which the entities on which the user has reading rights are called up in theBuyer entity or Seller entity fields are displayed. |
| Event date | Date on which the intercompany assignment operation was registered |
| Asset model | Identifies the set of accounts and categories to be adjusted in the journals generated by the Intercompany asset assignment data processing. |
| Depreciation frequency | Frequency with which the depreciation plans must be calculated. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Notes | Any notes on the event |
| Seller | |
| Annual depreciation % | Depreciation percentage of the assigned asset applied by the assigning entity. Used to reconstruct the depreciation plan that the asset would have followed if it had remained the property of the assigning entity. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Calculation start date | Date for reconstructing the depreciation plan that the asset would have followed if it had remained the property of the assigning entity. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Entity | Assigning entity IMPORTANT: the user can only select entities on which they have visibility and writing rights. |
| Currency | Currency of the assigning entity, defined automatically. |
| Entity custom dimension 2 | Custom dimension 2 of the assigning entity. Only present on processes whose relationship type is by entity/custom dimension 2. |
| Assignment price | Price at which the asset is assigned, in the assigning entity’s currency |
| Original amount | Historical cost of the asset paid by the assigning company for the acquisition of the asset. |
| Depreciation fund (credit) | Value of the asset’s depreciation fund at the time of the assignment in the assigning entity’s currency. This information must be inserted with the book sign of the account. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Impairment | Only if Asset model = Impairment: transfer account Loss (or gain) in the asset’s value at the time of the assignment. |
| Buyer | |
| Annual depreciation % | Depreciation percentage of the assigned asset applied by the acquiring entity. Used to reconstruct the asset’s depreciation plan for the acquiring entity. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Calculation start date | Date from which the acquiring entity starts the asset’s depreciation. Used to reconstruct the depreciation plan that the asset has for the acquiring entity. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Entity | Acquiring entity. IMPORTANT: the user can only select entities on which they have visibility rights. |
| Currency | Currency of the acquiring entity, defined automatically. Note: to avoid unwanted FX rates differences, currencies other than the one associated with the entity in the Process can be used. |
| Entity custom dimension 2 | Custom dimension 2 of the acquiring entity. Only present on processes whose relationship type is by entity/custom dimension 2. |
| Assignment price | Price at which the asset is purchased, in the acquiring entity’s currency. |
If the process’s relationship type is not Entity, the user restrictions will only apply to the Entity field, and not the Entity Custom Dimension 2 field.
Fields in the Accounting model tab - seller
| Field | Description |
|---|---|
| Asset | |
| Assets: assignment variation | Account selected for the field of the same name present on the asset model. |
| Depreciation fund: assignment variation | Account selected for the field of the same name present on the asset model. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Impairment: assignment variation (only for reclassification) | Only if Asset model = Impairment: transfer account Account selected for the field of the same name present on the asset model. |
| Custom dimensions | Custom dimensions active on the environment in which to define the elements on which to adjust the accounts indicated above. |
| Capital gain | |
| Capital gain | Account selected for the field of the same name present on the asset model. |
| Assets | Only if the asset model manages Sale revenues and book value. Book value in P&L - shows the selected account for the field of the same name present in the asset model. |
| Custom dimensions | Custom dimensions active on the environment in which to define the elements on which to adjust the accounts indicated above. |
Fields in the Accounting model tab - buyer
| Field | Description |
|---|---|
| Asset | |
| Purchase account | Account selected for the field of the same name present on the asset model. |
| Depreciation fund: transfer | Account selected for the field of the same name present on the asset model. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Depreciation fund: depreciation | Account selected for the field of the same name present on the asset model. Only present if the automatic management of depreciation is enabled for the selected asset model. |
| Impairment: transfer | Only if Asset model = Impairment: transfer account. Account selected for the field of the same name present on the asset model. |
| Assets: transfer | Only if Asset model = Assets: transfer account Account selected for the field of the same name present on the asset model. |
| Custom dimensions | Custom dimensions active on the environment in which to define the elements on which to adjust the accounts indicated above. |
| Amortisation/Depreciation | |
| Depreciation account | Account selected for the field of the same name present on the asset model. Only present if the automatic management of depreciation has not been disabled for the selected asset model. |
| Custom dimensions | Custom dimensions active on the environment in which to define the elements on which to adjust the accounts indicated above. Only present if the automatic management of depreciation has not been disabled for the selected asset model. |