Can I change the asset category and dispose an asset that was impaired all in the same fiscal year? — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Can I change the asset category and dispose an asset that was impaired all in the same fiscal year?

Summary:

As valuers assess for impairment at year end, no other events could be processed against the same asset in the same financial year as an impairment. This means if an asset was impaired, changing category and then disposing it in the same year will not be possible? Is it a way to reflect this in the system?

Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):



Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!