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Is there an oob functionality for assets under construction or asset impairment in F&O. Also how do we achieve this functionality in ax
Good morning Deepakjoshi17,
For asset impairment there is no standard functionality that would support this process to calculate an amount to impair. Impairments rely on your assessment and the amount you want to post. If you can define specific rules how such an impairment process should be executed you could extend the standard functionality for example by making use of the PowerPlatform (assuming that you operate D365Fo)
For the asset under construction (AUC) issue, you can make use of investment projects.
An example how this can be done is illustrated in this blog post:
dynamicsax-fico.com/.../
Best regards,
Ludwig
Hi Ludwig
I have gone through the investment project AUC workaround and this should serve my purpose.
However I am still not sure of the asset impairment workaround using powerapps. Can you elaborate a bit more
I researched a bit and understood part of my requirement can be fulfilled by "revaluation" and write down journals.
Also came across this solution-reclassify/split it to Another fa of different grp and then write off or run depreciation which post to impairment write off gl.
Please share your thoughts
For impairment there is no special feature available in AX. As a result, you have to be a bit creative and find workarounds such as using the PowerPlatform. I have no out of the box concept for that because most companies I worked with did the assessment and calculation outside of AX.
An alternative is talking to a developer about your specific requirements and making a system modification.
My advice would be not to make things too complex and to start small because impairments are usually not done on a regular (daily, weekly) basis. For that reason, the time effort and money/cost you put into this should be in line with what you want to have automated.
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