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Former Member
Nov 22, 2011 at 07:49 AM

Inflation accounting for Asset accounting. Steps to implement

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We have the requirement to implement Inflation accounting for Asset and run revaluation of asset monthly.

We want to record the revaluation amount in a separate area "10", either the depreciation amount along with the assetu2019s acquisition and we wish to have separate GL account for revaluations. Key point is that we have sevral "depreciation chart of accounts" (all of them have same operative chart of accounts)

So far we have been handed the revaluations in a wrong way and the client want to implement this procedure before year end. Any expert suggestion? Is it feasible to do this (I mean is it feasible to implement the new procedure, with a new revaluation area 10 taking into account that we have already performed revaluations (from January till March) in area 01 where we do not want to record revaluation any more.

I wonder If someone can share the best approach to do this (how to set up in the system and main considerations regarding this procedure). If any one have all the steps to carry out this procedure would be much appreciate.

Kind Regards

Edited by: angel luis garcia on Nov 23, 2011 12:50 PM

Edited by: angel luis garcia on Nov 23, 2011 12:51 PM

Edited by: angel luis garcia on Nov 29, 2011 8:29 AM