Guideline on Common Financial Management Business Process 4.1 - Manage Other Capital Assets

This guideline presents the should be model for Manage Other Capital Assets, which involves financial management during the life cycle of a capital asset (excluding real property) that is managed by a department.
Date modified: 2013-01-15
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Long description for image: Figure 5: Calculate Monthly Amortization (Subprocess 4.1.2) – Level 3 Process Flow

The figure is a process flow diagram comprising activities, connectors, inputs, outputs, gateways and decisions.

This diagram depicts the Level 3 process flow for Subprocess 4.1.2 – Calculate Monthly Amortization, which begins with a connector from Subprocess 4.1.1 – Create or Update Asset Record and its output titled “Asset record.” The flow continues to Activity 4.1.2.1 – Calculate Amortization and then to Activity 4.1.2.2 – Verify Reasonableness of Amortization.

The flow continues to a decision titled “Amortization reasonable?” The NO flow for “Amortization reasonable?” continues to Activity 4.1.2.3 – Make Correction and then returns to Activity 4.1.2.2 – Verify Reasonableness of Amortization. The YES flow for “Amortization reasonable?” advances to a gateway resulting in the output titled “Amortization amount” and the Activity 4.1.2.4 – Record Journal Entry, to be addressed concurrently and in any order. “Amortization amount” continues to a connector for Subprocess 4.1.1 – Create or Update Asset Record. Activity 4.1.2.4 – Record Journal Entry continues to a connector for Business Process 8.2 – Manage Financial Close.

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