Working with Asset Financials
This topic provides an overview of asset financials and discusses how to work with asset financials.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
IT_FIN_STAT_COMP |
View a snapshot of enterprise IT asset current valuation. |
IT Asset Management provides financial statistics metrics that you can access through the IT portal. You can drill down to a more detailed summary component from the portal.
The metrics include cost and depreciation information about IT hardware and software assets and can be grouped by user-defined department tree or user-defined business unit tree. The grouping of the financial data is defined on the user preferences setup page in IT Asset Management. If the setup is changed, the metrics are reset and new metrics are posted when the IT Financial Report process is run.
Use the Financial Statistics Detail page (IT_FIN_STAT_COMP) to view a snapshot of enterprise IT asset current valuation.
Navigation:
This example illustrates the fields and controls on the Financial Statistics Detail page. You can find definitions for the fields and controls later on this page.
Field or Control |
Description |
|---|---|
Tree Name |
Defines the group by criteria such as business unit or department. |
As Of Date |
Displays the date that the process was run. |
Level name |
Displays the level that is included in the report. |
Currency Code |
Displays the currency code that is selected on the ITAM User Preference page. |
Tree Node |
Displays the current tree node. Selecting a different tree node automatically refreshes the data for the new tree node. You do not need to go back to the portal. |
Rate Type |
Displays the rate type that is selected on the ITAM User Preference page. |
Cost and Depreciation
Field or Control |
Description |
|---|---|
Avg Life Remaining (average life remaining) |
This field is calculated based on the following algorithm: Sum of (Useful life - Life to Date life) รท Quantity of assets with useful life available. Depending upon the depreciation method, some assets may not have a useful life attached. In those cases, the asset is not computed for the algorithm. If quantity equals zero, a not applicable (N/A) legend appears in the field. |
Units |
Displays the algebraic addition of quantity field for every asset ID to be included in the statistics. |
Cost |
Displays the cost that is defined in Asset Management. |
Salvage Value |
Displays the salvage value, if applicable. |
Year to Date Depreciation |
Displays the depreciation from the beginning of the year for the report up to the date when the report has been run. |
Life to Date Depreciation |
Displays the depreciation along the entire asset useful life to the date when the report has been run. |
Net Book Value |
Displays the algebraic addition of net book value for every asset that is included in the statistics. |