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  • Assets Retirement Conversion - Sample Draft

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    Rahul Rajendran
    9 views2 pages
    This document provides instructions for converting depreciated assets as of March 2022 when going live in April 2022. It outlines 6 steps to retire assets from July 2021 to March 2022 by identifying retired assets, retrieving their depreciation reserve, year-to-date depreciation, and cost, as well as the period they were retired and associated financial data from the prior period. A table shows assets remaining active or being retired each month from July 2021 to March 2022.

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    This document provides instructions for converting depreciated assets as of March 2022 when going live in April 2022. It outlines 6 steps to retire assets from July 2021 to March 2022 by identifying retired assets, retrieving their depreciation reserve, year-to-date depreciation, and cost, as well as the period they were retired and associated financial data from the prior period. A table shows assets remaining active or being retired each month from July 2021 to March 2022.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    9 views2 pages

    Assets Retirement Conversion - Sample Draft

    Uploaded by

    Rahul Rajendran
    This document provides instructions for converting depreciated assets as of March 2022 when going live in April 2022. It outlines 6 steps to retire assets from July 2021 to March 2022 by identifying retired assets, retrieving their depreciation reserve, year-to-date depreciation, and cost, as well as the period they were retired and associated financial data from the prior period. A table shows assets remaining active or being retired each month from July 2021 to March 2022.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Go-Live Apr-22

    Converting assets in Apr-22, Depreciated Assets as of Mar-22 to be converted

    Mar-22 FY July June

    from July-2021 to Mar-2022 Total Jul-21


    1. Pick Retired Assets 1000 X
    2. Get the assets depreciation reserve, ytd depr and cost
    3. See period retired for the assets
    4. Get depr reserve, ytd reserve, cost as of retired period - 1
    5. Add the Asset in the retired period with data mentioned in step4
    6. Retire the asset in the period in step 5

    active asseretirement
    2 1
    Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
    X X X X X X X X

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