You can simply copy revaluation rate values from the table
published in IKS, the accounting magazine.
You can make your work easier also by entering the cumulative revaluation
factors (that is, rates in the first table column). All other dependent data
can be calculated by using the Calculate
function that can be found in the wizards menu.
Revaluation rates can be calculated in the same way as is performed by the
Association of Accountants, Treasurers, and Auditors of Slovenia publishing them
in IKS- (see explanation on calculating rates in IKS 10/01, p. 156).
The Statistical Office of the Republic of Slovenia (SURS) publishes rates of
growth of retail prices on a monthly and annual basis. The two for, the basis
for revaluation.
By doing so there can occur a difference between the calculated monthly rate and
the monthly rate as published by the Statistical Office of the Republic of
Slovenia (SURS.
For example let us take a look at the year 2001: Growth of Retail
Prices
|
Growth of Retail Prices |
| Month |
Monthly Rate |
Cumulative Rate |
| Januiary |
0.004 |
0.004 |
| February |
0.011 |
0.015 |
| March |
0.011 |
0.026 |
| April |
0.007 |
0.033 |
| May |
0.011 |
0.045 |
| June |
0.004 |
0.049 |
| July |
0.002 |
0.051 |
| August |
0.000 |
0.051 |
| September |
0.009 |
0.060 |
 |
Cumulative rate of growth of retail prices can be cosnidered as
fundamental data, yet all other rates need to be calculated! |
|
|
Add 1 to all rates as required by the calculation, and later
when entering data deduct 1 from data in revaluation rate table. |
To calculate rates enter only cumulative rates:
All other data depend on them and can be calculated by using the Calculate
function.
Example:
Calculated revaluation rate for fixed asset with the following data:
- Fixed asset acquisition in February 2001 (cumulative rate 1.015)
- Fixed asset disposal in May 2001 (cumulative rate 1.045)
Calculation:
1.045 / 1.015 = 1.0295565..
or rounded to 3 decimal points: 1.030
|
|
Deduct 1 from all data of the above table to be used in
revaluation rates table. |
It can occur that individual rate differs from the one published by the
Statistical Office of the Republic of Slovenia (SURS) due to such method of
calculating used. Thus it occurred in May 2001 when the published rate values
were 0.011, and the rate values calculated using the method described above were 0.012.
Calculation:
1.045 / 1.033 = 1.01161665..
or rounded to 3 decimal points: 1.012
