Openbravo Issue Tracking System - Openbravo ERP | |||||
| View Issue Details | |||||
| ID | Project | Category | View Status | Date Submitted | Last Update |
| 0007051 | Openbravo ERP | B. User interface | public | 2009-01-21 13:18 | 2009-05-05 10:37 |
| Reporter | rachelJohnston | ||||
| Assigned To | rgoris | ||||
| Priority | normal | Severity | minor | Reproducibility | always |
| Status | acknowledged | Resolution | open | ||
| Platform | OS | 5 | OS Version | ||
| Product Version | |||||
| Target Version | pi | Fixed in Version | |||
| Merge Request Status | |||||
| Review Assigned To | |||||
| OBNetwork customer | |||||
| Web browser | |||||
| Modules | Core | ||||
| Support ticket | |||||
| Regression level | |||||
| Regression date | |||||
| Regression introduced in release | |||||
| Regression introduced by commit | |||||
| Triggers an Emergency Pack | No | ||||
| Summary | 0007051: Amortization / Depreciation - wrong terminology used | ||||
| Description | The term amortization is used interchangeably with depreciation when they are slightly different things. Richard M is the expert on this so please address any questions to him. | ||||
| Steps To Reproduce | Access Financial Management > Assets > Amortization. The functionality available here in fact relates to depreciation. | ||||
| Proposed Solution | This is the correct definition of terms: Amortization relates to the write down of financial instruments and other non-physical or intangible assets (like loans or investments). Depreciation is used to write down the value of physical assets (like cars and buildings). Fixed assets are normally depreciated. Current assets are not normally depreciated (as it is assumed that they are not held for long enough for their value to erode), however they can be "written down", perhaps after a stock count where you find something is either missing or damaged. | ||||
| Additional Information | |||||
| Tags | No tags attached. | ||||
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| Attached Files | |||||
| Issue History | |||||
| Date Modified | Username | Field | Change | ||
| 2009-01-21 13:18 | rachelJohnston | New Issue | |||
| 2009-01-21 13:18 | rachelJohnston | Assigned To | => rgoris | ||
| 2009-01-21 13:18 | rachelJohnston | sf_bug_id | 0 => 2526108 | ||
| 2009-01-21 13:18 | rachelJohnston | Regression testing | => No | ||
| 2009-01-21 14:43 | rmorley | Issue Monitored: rmorley | |||
| 2009-05-05 10:37 | rgoris | Status | new => acknowledged | ||
| There are no notes attached to this issue. |