Depreciation plan

In Tagetik, you can manage the goodwill amortization (and, in general, of assets or balance sheet items subject to the accrual accounting).

Entity journals

Follow the path below to define a depreciation via Entity Journal:

User Home page > Process Tiles > select the desired process and period.

Navbar > Process & Workflows> Process > select the desired process and period.

Select the desired step

Select the target entity from the tree on the right

In the Actions menu, select Edit Window () > Edit Entity journals

First, it is necessary to create the header of the Entity journal.

Select the button (add) and insert the Scenario, the period, the Entity, the prefix and the suffix, the currency, the category and then save data.

The Depreciation column is filled in for the headers having an active depreciation

Create the rows of the Balance Sheet accounts (historical cost) by selecting Actions ( ) > Rows and documents.

In the Original tab, select the account and insert the currency amount

Select the row and Wizard ( ) > Depreciation proposal

The "Entity", "Currency" and "Category" fields are not editable for the Entity journals.

Below is a list of fields to fill in: validation

Depreciation plan number	sequential identification number
Depreciation plan notes	of the asset
Acquisition date
Asset to depreciate
Account	on which the asset value is allocated
Purchase amount	of the asset
Calculation start date	date from which the depreciation starts. It normally coincides with the beginning of the year or of month.
Annual depreciation %	the percentage by which the capital is depreciated each year
Depreciation frequency	it can be annual, monthly, and so on.
Depreciation fund (total depreciated market shares of the asset)
Account	where the fund is allocated
Depreciation fund already in progress	part of the value already depreciated
Custom dimensions	on which the fund is allocated
Ctp Entity
Depreciation
Account	where the depreciation of the period is calculated
Custom dimensions	on which the depreciation is allocated
Ctp Entity

To fill in the depreciation plan Actions () > Generate depreciation plan

If incorrect data has been inserted, it is possible to regenerate the plan.

The system displays a message asking if you want to overwrite existing data.

To display the newly created plan, Actions () > Depreciation plan

The system displays the full depreciation plan

You can still edit the plan after you have generated it. For example, whether you need to edit the value of one or more depreciation rows.

Data processing

To run the data processing, verify that you have enabled the depreciation flag in the process configuration:

Setup & Admin > Processes tile

select the desired Process > Actions () > Process Definition

In the Data processing area accessible from Consolidation > Advanced consolidation > Depreciation > On Entities

To display the generated journals: System Reports > Original journals rows

Filter by header containing the depreciation plan

Consolidation journals

The procedure for creating a depreciation plan via consolidation journals is similar to that used with the Entity journals; the only difference is that, in the case of the Entity journals, the Entity cannot be selected, whereas in the case of the consolidation journals, it is possible to choose between Entity 1 and Entity 2

To customize the depreciation plan:

enable the Consolidator mode at the top right in the process cockpit

Select the target node from the tree on the right

In the Actions menu, select Edit Window () > Edit Consolidation journals

and repeat the same steps described for the Entity journals.

Data processing

To run the data processing, verify that you have enabled the depreciation flags in the process configuration

Setup & Admin > Processes tile

select the desired Process > Actions () > Process Definition

In the Data processing area accessible from Consolidation > Advanced consolidation > Depreciation > On Group

To display the generated journals: System Reports > Consolidation journals rows

Filter by header containing the depreciation plan

Entity journals and Consolidation journals – Bulk management

From the User home page > Events tile > Depreciation proposal menu, after having selected the Process, the user can access the window for the management of bulk depreciation plans.

After selecting the Journal number, this window allows you to define new depreciation plans both for the Entity journals and Consolidation journals.

The window contains the utility for the Generation of the depreciation plan (also in multi-selection mode) and allows you to access all Depreciation plans related to the journals.