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TypeCategorySeverityReproducibilityDate SubmittedLast Update
feature request[Openbravo ERP] B. User interfaceminoralways2009-01-21 13:182009-05-05 10:37
ReporterrachelJohnstonView Statuspublic 
Assigned Torgoris 
PrioritynormalResolutionopenFixed in Version
StatusacknowledgedFix in branchFixed in SCM revision
ProjectionnoneETAnoneTarget Versionpi
OSAnyDatabaseAnyJava version
OS VersionDatabase versionAnt version
Product VersionSCM revision 
Review Assigned To
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Regression level
Regression date
Regression introduced in release
Regression introduced by commit
Triggers an Emergency PackNo

0007051: Amortization / Depreciation - wrong terminology used

DescriptionThe 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 ReproduceAccess Financial Management > Assets > Amortization.

The functionality available here in fact relates to depreciation.
Proposed SolutionThis 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.
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- 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

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