There is no direct relationship.

You must enter timing data relative to the acquisition of the asset in each Asset Master record prior to saving, as follows:

• Acquisition Fiscal Year (required)
• Acquisition Period (required)
• Acquisition Subperiod (optional)

There is no system validation for this field, since it relates to the purchase (or acquisition) date of the property, and not necessarily for the current fiscal year.

Many standard system reports use the acquisition fiscal year/ acquisition period as one of the report selection parameters, and you may find that the fiscal year is an important field when using the Query function or when designing user-specific output from Impromptu. Specifically, many reports that allow data to be displayed for prior years/periods refer to the acquisition fiscal year and period to determine if individual asset records should be included in the report. If the acquisition fiscal year/period for an asset does not match the fiscal year/accounting period set up in Fixed Assets, the report will not be able to determine when the asset’s data should be included in the report and the data will be excluded from the report.