Slide
notes: In this tutorial we will perform a reversal of Capitalization. This
may be done to correct a mistake in the original Capitalization.
Slide 2
Slide
notes:
Slide 3
Slide
notes:
Slide 4
Slide
notes: We can only reverse the Capitalization if the Accumulated
Depreciation on the Asset is zero. If it is not, we should adjust the
Depreciation first, else the system will refuse the reversal.
Slide 5
Slide
notes: Reversal should be performed for the same Period as when
capitalized, but this is not mandatory.
Slide 6
Slide
notes:
Slide 7
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notes:
Slide 8
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notes:
Slide 9
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notes:
Slide 10
Slide
notes: The DEBIT will now default to the original Cost Account where the
Asset was Capitalized from in the 1st instance, and although this can be
changed it is usually correct.
Slide 11
Slide
notes:
Slide 12
Slide
notes:
Slide 13
Slide
notes: If we enquire on the Asset afterwards, we will see the effect of the
Reversal.
Slide 14
Slide
notes: The Asset Item Values reveal an Asset that is not yet Capitalized.
Slide 15
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notes:
Slide 16
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notes:
Slide 17
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notes:
Slide 18
Slide
notes:
Slide 19
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notes:
Slide 20
Slide
notes:
Slide 21
Slide
notes:
Slide 22
Slide
notes: And the Transaction drill on the Asset Financial Account reveals all
history, so we can see the original Capitalization as well as the Reversal
of it.
