Thursday, July 15, 2010

Multiple Chart of Accounts on Assets Interfaced from PO

Issue Source: Atlas User Survey, Workshops

Affected Parties: Country Offices, Headquarters

Categorization: Efficiency – Lack of System Capability

If an asset is split between multiple charts of accounts, the asset ChartFields are not properly sent to Asset Management. Updates are required directly from Asset Management. This makes it difficult to properly track ownership of assets. IPSAS will make the financial information relating to assets much more important, and thus this will become more important in the future. However, the Atlas Financials upgrade which is tied to IPSAS is intended deliver better functionality for interfacing assets from purchase orders with split distributions.

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