Guideline on Common Financial Management Business Process 4.1 - Manage Other Capital Assets
Long description for image: Figure 6: Conduct Periodic Analysis of Assets Under Construction (Subprocess 4.1.4) – 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 4.1.4 – Conduct Periodic Analysis of Assets Under Construction, 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 4.1.4.1 – Compile AUC Listing, which has output titled “AUC listing.” The flow advances to Activity 4.1.4.2 – Analyze AUC and then continues to a decision titled “Additional costs to be capitalized?”
The NO flow for “Additional costs to be capitalized?” advances to a decision titled “AUC being abandoned?” The YES flow for “AUC being abandoned?” results in the output titled “Disposal notification,” which flows to a connector for Subprocess 4.1.7 – Process Asset Disposal. The NO flow for “AUC being abandoned?” advances to a decision titled “AUC is impaired?”
The NO flow for “AUC is impaired?” continues to a decision titled “Asset in service?” The NO flow for “Asset in service?” advances to connectors for Subprocess 4.1.5 – Conduct Periodic Physical Asset Count, Subprocess 4.1.6 – Conduct Periodic Asset Assessment, and Activity 4.1.4.1 – Compile AUC Listing. One or more of the subprocesses or the activity can be completed concurrently and in any order.
The YES flow for “Asset in service?” continues to Activity 4.1.4.3 – Summarize Required Changes to Asset Record. Activity 4.1.4.3 rejoins the YES flows for “Additional costs to be capitalized?” and “AUC is impaired?” and continues to a gateway resulting in the output titled “Asset information” and Activity 4.1.4.4 – Record Journal Entry. “Asset information” continues to a connector for Subprocess 4.1.1 – Create or Update Asset Record. Activity 4.1.4.4 – Record Journal Entry continues to a connector for Business Process 8.2 – Manage Financial Close. One or both of the output or the subprocess can be completed concurrently and in any order.