|View Issue Details|
|Type||Category||Severity||Reproducibility||Date Submitted||Last Update|
|feature request||[Openbravo ERP] B. User interface||minor||always||2009-01-21 13:18||2009-05-05 10:37|
|Priority||normal||Resolution||open||Fixed in Version|
|Status||acknowledged||Fix in branch||Fixed in SCM revision|
|OS Version||Database version||Ant version|
|Product Version||SCM revision|
|Review Assigned To|
|Regression introduced in release|
|Regression introduced by commit|
|Triggers an Emergency Pack||No|
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.
|Tags||No tags attached.|
|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|
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