Classification

• Fixed Assets
• Net Equity
• Amortization
• Share Capital
• Equity - Loss
• Transaction Costs
• Expense Provision Budget
• Expense Provision

b969e438-cf72-4916-9d5e-4f3d9e3390f2 Tip:

• The Depreciation Accounts must not be filled while classifying assets as Net Equity, Amortization, Share Capital and Equity (Loss) because these terms deal with the Capital Values of the company.
• The assets created with the Transaction Costs classification have the same behavior of assets classified as Fixed Assets, including validations, standard entries, transaction types and balances, and they are aligned with the Accounting Pronouncement CPC - 08, available at 74797975-87a9-4c7a-9196-fb9f51c6aff4.

 

b969e438-cf72-4916-9d5e-4f3d9e3390f2Important:

• The Expense Provision Budget is used to estimate the total costs to perform work defined in the project or contract; it is only classification of goods in which it is possible to fill out the field AVP type as 2-Instalment.
• In Expense Provision depreciation does not occur.