Replies posted by andrei.borromeo

14 Replies

A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

What is FA_OBJECT_TRANS_VALUE_TYPE ?

Thank you everyone, much appreciated.

3
A
Do Gooder (Customer)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Field Not Populating in Import Object After Upload of Object

Hello Madusha, thank you for your reply. I uploaded a new object. Attached is the upload file I used. This is the result in the Object window:   This is the result in the External File Transactions window.    And this is the result in the Import Object window.   Is there something I am missing? Perhaps something related to the object state? Would appreciate your thoughts. Thank you.

4
MadushaDissanayake
Superhero (Employee)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Adding Custom Field in External File Template

Hello Thanushi, thank you for your reply I had to forward your reply to our IT person and this is his reply: We are running Apps 9 UPD 13. We are not trying to do an external load to a Custom LU. We are trying to do an external load to a system defined LU with custom fields mapped. FA_OBJECT Import is working and now we are trying to import to FA_OBJECT_CFV. Does this answer your initial question? 

5
Dhananga Jayatilake
Hero (Employee)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Depreciation Method for Remaining Value over Remaining Life

Hi @Heshani Vidanapathirana .  I set the depreciation as such:   My initial thought was that this is telling IFS that it should depreciate the remaining $229.46 over 8 months, so one month’s depreciation would be $28.68.  However, when I create a depreciation proposal, the amount that will be depreciated is the entire amount: Do you have an idea as to why it is doing this? Would it have something to do with the acquisition date perhaps?  

4
A
Hero (Customer)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Unable to Rollback Posted Depreciation

<ignore this post>  

6
Shehan Almeida
Superhero (Employee)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Unable to Rollback Posted Depreciation

Hi Andrei,   Please check the object transaction ID of the depreciation entry and the other import entries. Looking at the screen prints, I believe the import object transaction has a more recent number than the depreciation entry.  If that it true you will have to rollback the import transaction 1st.    Shehan Almeida. Thank you Shehan, that is indeed the case. Another question if you don’t mind. When I upload object transactions, there is a mandatory field called Object Transaction ID. How would I know what object transaction ID to put, and is it possible to have the same object transaction ID for two transactions?  

6
Shehan Almeida
Superhero (Employee)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Unable to Clear Errors in Revenue Recognition

Hi, Looking at your data (i believe not all events are visible in the screenshot, you have distributed estimated project revenue fully to the events, but not costs). If I am right, in case of IAS15 recognition solution in IFS (event-based), you must distribute full estimated costs and full estimated revenue of the project to the events. Error message related to revenues could be misleading. I suspect cost distribution issue.  If above does not help, perhaps you can try as well extending currency precision in presentation (IFS Currency format with more than 2 decimals) - sometimes there could be rounding issue somewhere… Hello Adam Thank you for your reply Estimated revenues and costs are distributed.  Do you know where in IFS can currency precision be extended?

5
A
Hero (Customer)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Unable to Clear Errors in Revenue Recognition

Thank you all, much appreciated. The problem has been solved.

5
A
Hero (Customer)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Is a Mid Year Hard Close Possible ?

Hi Nancy.  Can there be more than 12 periods be set up in Fiscal 2023? 

3
N
Superhero (Employee)
2 years ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Why did depreciation stop on an Object?

Thank you Pamith! Much appreciated.

3
Ralph Gericke
Hero (Employee)
1 year ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

MARCRS Depreciation with Switching

Hi,   this should work when you use the highlighted function: Kind regards Ralph  Hi Ralph, thanks for replying. I thought about using this and choosing the Straight Line option but it requires a Switch to Factor which I am unsure of. Do you know what factor should be used so that the switch occurs optimally (ie. when the straight line depreciation becomes larger than the declining balance depreciation)?

2
A
Do Gooder (Customer)
1 year ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Running Lease Periodic Accounting for Periods Already Closed

Hi, I haven’t tried to run the proposal on already closed period. However, to my understanding the system should not do anything on the proposal for historic periods. It should only use these periods to calculate the interest rates and then the proposal posting date would be on the chosen date on the one voucher created based on the proposal. Maybe you could test this in your test environment. Another option is to use the import balances function. With this you are able to bring in balances of older lease accounting assets (used normally for moving contracts from legacy systems). With the import balances option you are able to enter the historic transactions before creating any accounting in the system. With this you should be able to do what you explained above, but in here you wouldn’t create any proposals as they have been created in ‘’history’’. Thank you Samuel. I have been able to resolve the issue.

2
A
Do Gooder (Customer)
6 months ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Revenue Recognition

Dear Andrei, Thank you for sharing your situation. It seems like we're encountering a similar scenario, albeit with a slightly different accounting principle in place. In our setup, the parent company recognizes costs based on the revenue recognized by the subsidiary on a Percentage of Completion (POC) basis. This means that as the subsidiary progresses through the project and recognizes revenue based on completion, the parent company's costs and revenue is also recognized accordingly. Inter-company costs and revenue are then reconciled and eliminated during the consolidation process. This approach ensures alignment between the parent and subsidiary's financial reporting while accurately reflecting the progress of the project. Here’s an example of an income statement before and after eliminations. Considering your setup, it might be beneficial to explore implementing a similar approach where the parent's revenue recognition and cost recognition are tied to the subsidiary's percentage

4
A
Hero (Partner)
1 day ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Manual POC

I think I see it now, it is POC Method Manual in the financial project in the Revenue Recognition Information tab. If a financial project was initially set up a with POC Method Actual, is it still possible to change the POC Method later?

3
A
Do Gooder (Customer)
4 days ago

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