(JPN) Identify impaired assets and post journals for impairment [AX 2012]

Updated: November 27, 2013

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

Follow the steps in this topic to generate a list of fixed assets that are possibly impaired, run the impairment recognition test to generate a list of impaired fixed assets, and then create and post journals for fixed asset impairments.

NoteNote

This topic does not apply to versions of Microsoft Dynamics AX 2012 prior to cumulative update 7 for AX 2012 R2.

The following table shows the prerequisites that must be in place before you start.

Category

Prerequisite

Version

Microsoft Dynamics AX 2012 R2 with cumulative update 7 or later

Country/region

The primary address for the legal entity must be in the following countries/regions: Japan

Related setup task

Set up impairment accounting for fixed assets. For more information, see (JPN) Set up impairment accounting for fixed assets.

Use the Impairment review form to generate a list of fixed assets that are possibly impaired and a list of transactions for review purposes. You can review the fixed assets and transactions, and then generate a report for distribution, receiving, or other purposes, if required.

To perform this task, follow these steps:

  1. Click Fixed assets > Periodic > Impairment > Impairment management.

  2. In the Book type field, select Value model or Depreciation book as the book type to review impairments for.

  3. On the Carrying amount overview FastTab, click Query, and then specify the criteria, such as fixed asset numbers, fixed asset groups, or value models to generate the list of fixed assets. Click OK. The list of fixed assets that are to be reviewed is updated on the Carrying amount overview FastTab in the Impairment review form.

  4. Click Specify percentage, and then in the Percentage field, enter the percentage of fixed assets from the list of fixed assets to review impairments for.

  5. On the Transaction analysis overview FastTab, click Query, and then specify the criteria, such as fixed asset numbers, fixed asset groups, or value models to generate the list of fixed asset transactions. Click OK. The list of fixed asset transactions that are to be reviewed is updated on the Transaction analysis overview FastTab in the Impairment review form. It is not mandatory to generate a list of transactions. However, you can use the transactions to review the fixed assets.

  6. Select a fixed asset on the Carrying amount overview FastTab or select a transaction on the Transaction analysis overview FastTab, and then click Generate report to generate a report, if required.

You can select fixed assets in the Impairment review form, and then click Update impairment indicators to open the Update impairment indicators form, where you can update the impairment indicators for the fixed assets.

Use the Impairment recognition test form to run the impairment recognition test using the impairment indicators to generate a list of impaired fixed assets.

To perform this task, follow these steps:

  1. Click Fixed assets > Periodic > Impairment > Run recognition test.

  2. In the Book type field, select Value model or Depreciation book as the book type to run the impairment recognition test for.

  3. In the From date and To date fields, specify the starting date and ending date of the period for the impairment recognition test.

  4. Click Query to open the Inquiry form, where you can specify the criteria, such as fixed asset numbers, fixed asset groups, and posting layers to run the recognition test for.

  5. Click OK.

  6. In the Impairment recognition test form, you can verify the list of impaired fixed assets that is updated.

    Field

    Description

    Fixed asset group

    The group that the fixed asset belongs to.

    Fixed asset number

    The identification number of the fixed asset.

    Name

    The name of the fixed asset.

    Book

    The identification code of the value model or depreciation book.

    Book type

    The book type for the fixed asset. The options are Value model and Depreciation book.

    Status

    The status of the fixed asset.

    Acquisition price

    The amount that is paid to acquire the fixed asset.

    Net book value

    The net book value of the fixed asset. This is the outstanding value of the fixed asset, including the scrap value.

    Expected scrap value

    The expected scrap value of the fixed asset. This is part of the acquisition price, which is the value of the fixed asset at the end of its service life.

    Impairment

    The impairment write-down amount for the fixed asset.

    Undiscounted cash flow

    The undiscounted cash flow amount for the fixed asset.

    Recoverable amount

    The recoverable amount for the fixed asset.

    Impairment adjustment amount

    The calculated impairment adjustment amount for the fixed asset.

  7. To save the test results for later use, perform these steps:

    1. Click Save impairment, and then in the Impairment test ID field, enter an identification code for the test result record.

    2. In the Description field, enter a description of the test result record.

    3. In the Date field, enter the date to save the test result record.

Use the Depreciation book journal or Fixed assets form to create and post journal transactions for impaired fixed assets. You can specify details about the impairment before you post the journal.

To perform this task, follow these steps:

  1. Click Fixed assets > Journals > Depreciation book journal.

    –or–

    Click Fixed assets > Journals > Fixed assets.

  2. Create a journal. For more information, see Journal header (form).

  3. Click Lines to open the Journal line form or the Journal voucher form, and then click Proposals > Impairment proposal.

  4. In the Select from the saved impairment test results dialog box, in the Impairment test ID field, select the identification code of the impairment test to create the journal for.

  5. Click OK to create journal lines in the Journal line form, depending on the information that is available in the impairment test record that you select. You can modify the details about the impairment before you post the journal, if required.

  6. Click Validate to validate the depreciation book journal lines or fixed asset journal lines.

  7. Click Post > Post to post the journal.

You can view the amount for the impairment transactions for a fixed asset in the Write down adjustment field in the Fixed asset balances form.

If you don't have access to the pages that are used to complete this task, contact your system administrator and provide the information that is shown in the following table.

Category

Prerequisite

Configuration keys

Ensure that the Asset configuration key is available under the Data Dictionary > Configuration Keys node in the Application Object Tree (AOT).

Security roles and duties

To perform this task, you must be a member of a security role that includes the Manage fixed asset impairment (AssetFixedAssetImpairmentManage_JP) duty.

Security roles and privileges

To perform this task, you must be a member of a security role that includes the following privileges:

  • Generate asset impairment recognition test result (AssetImpairmentTestGenerate_JP)

  • Generate asset impairment review (AssetImpairmentReviewGenerate_JP)

  • Maintain the indicators for doing impairment review and test (AssetImpairmentIndicatorMaintain_JP)

  • View the indicators for doing impairment review and test (AssetImpairmentIndicatorView_JP)

  • Generate fixed asset impairment transaction report (AssetImpairmentTransactionGenerate_JP

  • Generate journal line for asset impairment transactions (AssetImpairmentProposalGenerate_JP)


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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