Use this activity to cancel an event in IFS/Fixed Assets.
If the Import event is canceled, then all transactions concerning the import are canceled. In this case, the acquisition transaction, acquisition adjustment transactions and transactions concerning accumulated depreciation are canceled. The object status is then automatically set to Registered.
If a split/replacement of object is canceled, this means that transactions concerning the other object are also canceled. It does not matter which object is used as a base for the canceling. The status for the "split to"/"replaced by" object is automatically set to Investment.
If a move of object is cancelled, the object is moved to the original code string.
When canceling a sale or scrapping or replacing an object, the status is automatically set to Active.
When cancelling a lease acquisition generated through initial recognition posting of an Active object with object type Right-of-Use, the object status is automatically set to Investment. When cancelling a lease modification generated through subsequent recognition posting of an object with object type Right-of-Use, the object status will remain unchanged.
When canceling a termination/acquisition transaction of a lease contract, the status is automatically set to Active.
Transactions created from the Scrap Fixed Asset Pool Object function cannot be canceled.
Before you make a rollback of an event, the following must have been completed:
As a result of this activity, vouchers are created and transferred to the hold table in IFS/Accounting Rules and/or to the hold tables of the Internal Ledgers connected to the books in Fixed Assets. Postings created when canceling is performed are always opposite postings to those originally created. These are created as correction vouchers, i.e., negative debit and credit amounts.
When canceling an event, the voucher date for the original event is displayed as default. If this voucher date belongs to a closed period, it must be changed. Note that the event is assigned the original date for the transactions in IFS/Fixed Assets.
Use the following procedure to rollback a fixed asset: