Report Select
The Report Select Program (FAP400) reads the Asset and Book Master Files
and creates report transactions for assets/books based on company report
options.
Report Group 1:
The report records produced by the Report Select Program are sorted
into company and report sequence, and are subsequently read by the Report
Write 1 Program (FAP420). Report Write 1 proceeds to format and print
detail lines as well as accumulate and print totals. The Report Write 1
produces the following reports:
- FAR01 - Additions Report
- FAR02 - Transfers Report
- FAR03 - Retirements Report
- FAR04 - Reserve Ledger
- FAR05 - Property Listing
- FAR06 - Tracking Report
Report Group 2:
The Report Write 2 Program (FAP440) follows exactly the same processing
steps as Report Write 1. The reports produced by Report Write 2 are:
- FAR07 - Minimum Tax Report
- FAR08 - Cost/Reserve Summary
- FAR09 - Tax Cost/Reserve Summary
- FAR10 - Reserve Edit Report
- FAR11 - Gains and Losses
- FAR12 - Insurance Valuation
Report Group 3:
The Report Write 3 Program (FAP460) follows exactly the same processing
steps as Report Write 1. The reports produced by Report Write 3 are:
- FAR13 - IRS 4832: Part-II
- FAR14 - IRS 4832: Part-III
- FAR15 - IRS 4832: Part-IV
- FAR16 - IRS 4832: Part-V
- FAR17 - Guideline Form 5006
Report Group 4:
The Report Write 4 Program (FAP480) follows exactly the same processing
steps as Report Write 1. The reports produced by Report Write 4 are:
- FAR18 - Maintenance Report
- FAR19 - Construction In Progress and Budgeting
- FAR20 - Leased Property
- FAR21 - Adjustments Report
- FAR22 - Investment Tax Credit
- FAR23 - Energy Investment Credit
- FAR24 - Investment Credit Recapture
Annual Reports:
Current, quarterly, quarterly year-to-date, year-to-date, and annual
reports are written together based on company options. This eliminates the
need for special year-end runs of any of the above programs.
Depreciation Projection:
Depreciation is projected into the future for a company by the
Depreciation Projection Program (FAP500). Based on options entered for
each company being projected, a report conforming to those options is
provided. The Projections Report has the same report options available to
it as Accounting Reports 1-24.
Report Splitter:
Any program producing a report may optionally have its report output
written to a report splitter file. The Report Splitter Job (FAJ880) merges
report split files for multiple programs, writes report records to from 1
to 12 destination files, and will print user-specified destination files.
ADR Tax Year-End Processing:
At year-end, the projection program is run using both ADR and non-ADR
depreciation calculations. A special select program (FAP230) is run. If
ADR is selected for a company, individual assets added this year to an ADR
account are grouped under a single asset number in the books that take the
ADR election. The System also records the year's retirement, maintenance
expense and inter-company transfers of ADR assets in the respective
vintage accounts. A Report Write Program (FAP460) produces the 4832 Report
that is filed with the Federal Income Tax Return.
Each company book may elect to use or not to use ADR. In addition, each
company book may specify that optimum depreciation methods be used. The
specification of optimum methods will cause the depreciation method
specified for the book as a whole at year-end to be applied to those
assets for which the optimum method was selected. Selection of a
first-year prorate convention may also be deferred until the end of the
year in which the assets are placed in service.
Guideline Class Life System:
Assets placed in service prior to 1971 may be depreciated under the
Guideline Class Life System. To use the System, assign each asset a
guideline class from Revenue Procedure 72-10 and use the class life as the
estimated life on the tax book. A guideline code is used when setting up
the Federal Tax book to indicate that this asset is to be included in the
Form 5006 Report. The report is produced at the end of the Federal Tax
fiscal year and summarizes cost and depreciation of guideline assets by
class.
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