Guideline on Common Financial Management Business Process 4.1 - Manage Other Capital Assets
Long description for image: Figure 5: Calculate Monthly Amortization (Subprocess 4.1.2) – Level 3 Process Flow
The figure is a process flow diagram comprising activities, connectors, inputs, outputs, gateways and decisions.
This diagram depicts the Level 3 process flow for Subprocess 4.1.2 – Calculate Monthly Amortization, which begins with a connector from Subprocess 4.1.1 – Create or Update Asset Record and its output titled “Asset record.” The flow continues to Activity 4.1.2.1 – Calculate Amortization and then to Activity 4.1.2.2 – Verify Reasonableness of Amortization.
The flow continues to a decision titled “Amortization reasonable?” The NO flow for “Amortization reasonable?” continues to Activity 4.1.2.3 – Make Correction and then returns to Activity 4.1.2.2 – Verify Reasonableness of Amortization. The YES flow for “Amortization reasonable?” advances to a gateway resulting in the output titled “Amortization amount” and the Activity 4.1.2.4 – Record Journal Entry, to be addressed concurrently and in any order. “Amortization amount” continues to a connector for Subprocess 4.1.1 – Create or Update Asset Record. Activity 4.1.2.4 – Record Journal Entry continues to a connector for Business Process 8.2 – Manage Financial Close.