Asset Lifecycle Management - PSFT (MOSC)

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CONVERSION: Challenging situation with tax books

edited Jul 21, 2015 1:47PM in Asset Lifecycle Management - PSFT (MOSC) 4 commentsAnswered

Hello - I have a challenge for someone!

We are running Financials 9.0 through Bundle 45 PeopleTools 8.52.17.  While in the process of implementing AM, our company went through a sale.  The sale introduced a need for a complete revaluation of our assets.  I will be given a file from the appraisal firm with new cost and useful life and that is what I will convert into PeopleSoft.  We will not be required to map those assets back to the legacy system.

Here is the challenging part:  What I have mentioned so far is only for the CORP books.  The TAX books must remain the same as the legacy system.  When the revaluation occurs, the number of assets the appraisal firm gives me to convert will not be the same as the legacy system.  One reason is that there are multiple assets that are consolidated in the legacy system, but will be their own assets after conversion.

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