Overview
Amortization policy is applied to all intangible assets included in the company's intangible asset register.
Make sure you carry out the periodic amortization of intangible assets in accordance with the amortization policy outlined in the financial reporting standards (for example, IFRS).
Perform periodic amortization of intangible assets flowchart
See how it works in the system
Open the link in a new tab and use the Administrator EN user. No password is required.
Paths
| Path | Assets management → Fixed and intangible assets reports → Intangible assets → Intangible assets and R&D expenses |
|---|---|
| In-app link EN code |
e1cib/data/Catalog.ReportsOptions?ref=89db0050569f7a5511eda3bd48296dbf
|
| In-app link RU code |
e1cib/data/Справочник.ВариантыОтчетов?ref=80e296f814c0abd411e9c37b9f0b52b0
|
How to review current asset accounting parameters
1. Go to Assets management, click Fixed and intangible assets reports, and then open the Intangible assets and R&D expenses report under Intangible assets.
2. Specify a period.
3. Specify a Company.
4. Run the report.
5. Review the accounting parameters for the intangible assets shown in the report.
Paths
| Path | General ledger → General ledger → Month-end closing |
|---|---|
| In-app link EN code |
e1cib/app/DataProcessor.MonthEndClosingOperations
|
| In-app link RU code |
e1cib/app/Обработка.ОперацииЗакрытияМесяца
|
How to maintain relevant company codes and posting periods
1. Go to General ledger and then click Month-end closing under General ledger.
2. Specify a Company.
3. Specify a Month.
4. Select the Final closing option.
5. Update the list of month-end procedures.
How to run amortization
1. Find the Intangible asset amortization charge job and click Accrue to run the amortization.
The system will automatically:
- Calculate amortization charge.
- Fill the Intangible assets - Amortization charge document.
- Post the document in intangible asset accounting.
2. Go to the Intangible assets documents list and then go to the Amortization tab.
3. Find the documents you have created.
Note
If the system does not run the amortization, do the following:
1. In the Month-end closing workplace, click More actions → Jobs for calculating → Open jobs to calculate intangible asset amortization (information registers).
2. Create a new job.
3. Specify a Month and a Company.
4. Repeat the process from the beginning.
Note
If the system still requires to run the amortization again, do the following:
1. In the Month-end closing workplace, click More actions → Jobs for calculating → Open jobs to calculate intangible asset amortization (information registers).
2. Find a job for the relevant month and delete it.
3. Repeat the process from the beginning.
Paths
| Path | Assets management → Fixed and intangible assets reports → Intangible assets → Sheet of intangible assets amortization charges |
|---|---|
| In-app link EN code |
e1cib/data/Catalog.ReportsOptions?ref=89db0050569f7a5511eda3bd48296dc2
|
| In-app link RU code |
e1cib/data/Справочник.ВариантыОтчетов?ref=80e296f814c0abd411e9c37b9f0b52b8
|
How to verify amortization results
1. Go to Assets management, click Fixed and intangible assets reports, and then open the Sheet of intangible assets amortization charges report under Intangible assets.
2. Go to Settings and set the necessary filters.
3. Run the report.
4. Analyze the information on:
- Intangible asset
- Period
- Intangible asset value
- Useful life
- Age of asset
- Amortization amount