System and method for capital depreciation simulation
OwnerFong Sheninventor
Life of this patent
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Abstract
System and method for a dynamic multiple condition/multiple version simulation model for fixed asset depreciation. The simulation model may be used in or interfaced directly with the enterprise resource planning system, and the data may be manipulated directly in the enterprise resource planning system database itself. The system and method increase the accuracy of capital depreciation forecasts, shorten the capital depreciation forecast cycle time, and reduce manpower for the forecast process.
Claims20
A method of simulating fixed asset depreciation in an enterprise resource planning system, said method comprising:
- storing a first set of condition data for a first fixed asset type in a database of said enterprise resource planning system;
- storing a second set of condition data for said first fixed asset type in said database, wherein said second set of condition data is different from said first set;
- storing a third set of condition data for a second fixed asset type in said database;
- combining said first and third sets of condition data into a first plan version;
- executing a first depreciation simulation using said first plan version;
- and
- compiling results from said first depreciation simulation into a simulation report.
A system for simulating fixed asset depreciation, said system comprising:
- an enterprise resource planning system database containing information for fixed assets of an enterprise, said fixed assets grouped into multiple fixed asset types;
- multiple sets of fixed asset conditions stored in said database, each one of said sets comprising depreciation related parameters for one of said multiple fixed asset types;
- a multiple condition control module, said condition control module for modifying said parameters in said multiple sets of fixed asset conditions;
- a multiple plan version control module, said version control module for generating multiple plan versions, each one of said plan versions containing one of said sets of conditions for each of said fixed asset types;
- and
- a simulation engine, said engine for executing depreciation aggregation simulation for a selected one of said plan versions.
A computer-readable medium having computer code recorded thereon executable by a computer, said computer code comprising:
- instructions for storing a first set of condition data for a first fixed asset type in an enterprise resource planning system database;
- instructions for storing a second set of condition data for said first fixed asset type in said database, wherein said second set of condition data is different from said first set;
- instructions for storing a third set of condition data for a second fixed asset type in said database;
- instructions for combining said first and third sets of condition data into a first plan version;
- instructions for executing a first depreciation simulation using said first plan version;
- and
- instructions for compiling results from said first depreciation simulation into a simulation report.
Dependencies are inferred from the claim text.