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Slide notes: We will now see how we can use the Health Check sub system checks to verify Depreciation balancing within the Fixed Asset sub ledger.

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Slide 5

Slide notes: For this test, we will perform checks 101, 102 and 103, and then use all 3 Reports to verify the Depreciation Balancing.

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Slide notes: We should run each of the 3 Reports with the same Period selection.

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Slide 17

Slide notes: Now we check the results from Health Checks 101, 102 and 103.

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Slide notes: The totals in column 1 on check 101, when added to those from check 102, should add up to the totals on check 103. In other words, Net Book Value = Purchase Price minus Depreciation.

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Slide 22

Slide notes: Column 1 is the Primary view. The same principle applies for the Forex in column 2 and the Tax numbers in column 3.

Slide 23

Slide notes: This check may be used to verify the integrity of Depreciation balancing within the Fixed Asset sub system, and it may be performed on demand at any time. It is a typical check that the Asset Management Accountant and also the Auditor sometimes like to perform.