A riddle for a true AA Expert, any help is appreciated:
I have tried everything and cannot get my head around it.
Chart of Depreciation for Canada:
Book 01: US GAAP in Canadian Currency, posts to GL, realtime
Book 20: IFRS GAAP in Canadian Currency, does not post to GL
Book 21: Delta in Canadian Currency (Book 01- Book 20)- posts to GL periodically (ASKBN)
Book 30: Parallel of Book 01 in USD, does not post to GL
Book 31: Parallel of Book 20 in USD, does not post to GL
Book 32: Delta in USD (Book 30- Book 31), does not post to GL
Asset in Question had two acquisitions in the same amount to all Books. Also, Book 01 and Book 20 are exactly identical in the configuration, depreciation terms, acquisition values, etcc.. For this scenario, let us assume that there is no depreciation on this asset and the NBV of the asset in today's date is the same as the total APC
Acquisition 01 in 2013 (Prior Year) using Transaction Type 100 (ABZON): $100 (Canadian Currency)
Acquisition 02 in 2014 (Current Year) using Transaction Type 100 (ABZON): $10 (Canadian Currency)
Strange ABAON Results are as follows:
1) When i select Rev. From NBV (Book 01) option, it retires the asset correctly in Book 01 and since the NBV = Sale Revenue, there is no loss booked. However, in Book 20, it books a loss in the amount of the proportion of the asset which is from the previous year acquisitions.
2) When i select Rev. From NBV (Book 20) option, it reverses the results and books a loss of the current/previous year portion into Book 01. Book 20 shows no loss and everything is getting transferred to the revenue.
As a result of this mis-match, my delta Book 21 is generating a posting to the GL because Book 01 and Book 20 are not able to retire at the same value.
Regards,
Manu Kaushal