Fixed Assets - EBS (MOSC)

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FA Annual Rounding Profile Option

edited Apr 18, 2017 5:03AM in Fixed Assets - EBS (MOSC) 7 commentsAnswered

I want to know what is FA: Annual Rounding used for? I found the following description in user manual, but I don't really understand what it does. Can anyone help?

FA: Annual Rounding Controls whether or not annual rounding is performed for assets. With Restrictions End of the year adjustments are performed for assets that have no adjustments, revaluations, retirements, transfers, or additions with accumulated depreciation in the current fiscal year. This is the default. Always Annual rounding is performed at the end of the year, even if the assets have been added with accumulated depreciation, adjusted, revalued, reinstated, or transferred in the current fiscal year. (No Value) Equivalent to With Restrictions

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