Replacement Update {AOPS-4}

Replacement values for assets must be updated annually.

The system provides three options in this regard:

updating the value for all assets in an asset type by a fixed percentage
updating the value for a single asset only
updating the value for all assets in a range of asset types by a fixed percentage via a batch run

Since the update for an asset type will overwrite the value of a single asset within that type, it is important that this option be exercised before individual asset values are updated. The facility in {AOPS-4} allows the user to do the update up to a certain year. This will ensure that assets recently acquired in a new year will not have their values updated before they have gone through a full STATS cycle.

Fields in the option:

Block 1: Replacement Value Update for one Asset Only

Field	Type & Length	Description
Asset Number	N7	The asset number is entered, and the following are displayed: Inventory Value Asset Barcode Replacement Value Last Update Year Depreciation Code
New Value	N16.2	The user may now enter a new replacement value or a positive or negative percentage change to the existing replacement value.

Example:

Block 2: Replace Value Update for all the Asset on one Type

Field	Type & Length	Description
Type Code	N4	The Type Code is entered, and the Type Name is displayed.
Up to Year	YYYY	The year of acquisition, prior and up to, for which the update should be done, must then be entered and the following fields are displayed: Minimum Inventory Value Maximum Inventory Value Minimum Replacement Value Maximum Replacement Value Number of Assets Average Replacement Value
Percentage Change	N3.2	This information will assist the user in deciding what percentage change should be made to the replacement values. This percentage may be either positive or negative.

Example:

Processing Rules
	No special processing rules

Date	System Version	By Whom	Job	Description
20-Aug-2007	v01.0.0.0	Elize de Swardt	t137484	New manual format for IFRS.
23-Jan-2007	v01.0.0.0	Amanda Nell	t146713	Add new images
05-May-2009	v01.0.0.1	Marchand Hildebrand	t158353	Manual Review