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Re: Valuation

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Re: Valuation

by
dar@devco.co
- 04/11/2015 05:54:27
I might want to add as an independent commentary, that many traditionally shaped Charts of Accounts do solve this topic within the "accounts plane". This can lead to complexities in the accounting structure, because of arbitrary and non-matching sub-level or aggregation level categories. IFRS and especially XBRL allow us to work with another "plane" or "dimension" and free us from the hierarchical structure of a CoA. Maybe this line of thought is complementary to my previous reasoning. Maybe not. But looking at it this way, it allows the thinking of a "valuation plane". Just thinking loud in the form of 2 cents and happy to receive conceptual guidance.

Saludos Cordiales
David Arnold

David Arnold BA HSG / Analista
315 304 13 68/ dar@devco.co

devCO - empresa de consultoría de sistemas (en fundación)
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2015-11-03 23:42 GMT-05:00 David Arnold <dar@devco.co>:
Hi Frederic,

I have actually do no have any specific suggestion, I just want to test and verify my way of looking at things.

I would look at valuation as one single thing: Changing book value due to arbitrary, exogenous factors.

1. Oftentimes, in reports, we want to exclude valuations or separate them. An easy way of doing this, I can think of right now, is by using a journal type "valuation". This provides a generic/standard way to construct report domains within the v9 accounting reporting framework. Q/ Is this in line with how things are done when it comes to separation at reporting time? How is this pattern solved? Is this at all solved generically?

2. Oftentimes, we have a base value, that we want to modify by some logic X. An easy way of doing this, I can think of right now, is providing a journal entry interface "Valuations", which implements valuation algorithms/wizards extensions, that prepare the valuation move. Such an interface would be able to host metadata such as periodicity or automation about a specific process. Q/ Is this a good way or a bad way as to how to look at this? How does this diverge from how things are done currently?

I nevertheless try to add to your topic list, what pops up to my mind, without claiming anything at all:
- 2IFRS transitory phases with adjustment needs
- differences between tributary and main balance (eg. realized tax incentives)
- securities and other equity valuations
- hyper-inflation
  Generally, as to your question, I think IFRS for SME or IFRS Standard give a quite complementary picture over the topic.

What does cut-off refer to? Is this an accounting project idiom? (http://www.merriam-webster.com/dictionary/cutoff) Sry for my possible ignorance...

Saludos Cordiales
David Arnold
2015-10-29 11:38 GMT-05:00 Frédéric Clementi <frederic.clementi@camptocamp.com>:
Hi David,

In the document I listed the following topics:
- assets valuation
- inventory valuation
- currency revaluation
- cut-off

But OCA provide various modules to handle these functionalities.

What would you includes in such topic ?




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2015-10-29 16:53 GMT+01:00 David Arnold <dar@devco.co>:
Hi!

I've studied Frederic's comprehensive feature analysis, which gave me first insight into the current state of the accounting functionalities.

Still, I wonder how the whole functional topic "valuation" is set up within this accounting project. I see there are modules tackling individual concerns like periodic fx valuation. But I wonder if this has thought as kind of a framework? What is the OCA approach on this?

Best, David

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