Lifecycles
Economic Lifecycle
Trace policy-controlled cost, depreciation, impairment, disposal, close, export, and reconciliation.
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Typical lifecycle
Evidence supports acquisition or capitalization; an approved policy determines recognition and method; schedules and reviews create controlled entries; close locks a period; reconciliation and export prove the handoff. Corrections use reversal and reposting rather than silent edits.
Separate flows
Depreciation, inventory cost, impairment, insurance, maintenance/TCO, and disposal are related but distinct. A physical loss can trigger several reviews without automatically establishing a financial entry or personal liability.
Completion check
For every financial result, identify the policy version, source evidence, currency/rate, period, approver, journal/reconciliation link, and whether it is booked, proposed, or a scenario.