Fixed Assets

Assets
Min.Assets
Depreciation
Retirements
Revalue
Types of Assets
1 Captialized Assets
2 CIP - Construction in Progress
3 Expensed Asset
4 Group Asset
5 Leased Assets

Key Flexifields
1 Asset Key
2 Asset Location
3 Asset Category

FA Roles
1 Asset Accountant
2 Asset Administrator
3 Asset Accounting Manager
Fiscal Year Start-End for a financial Year
Depreciation/Accounting Calendar
Prorate Convention

Fiscal Year Jan-Dec

Apr-Mar
Oct-Sep
Jul-Jun
Sep-Aug

Depreciation/Accounting Calendar
Monthly
Qtr
Yearly

Prorate Convention 2 Years

15-jan-2022 31-Dec-23
15-Jan-2022 14-Jan-24

2 Years
31-Jan-2022 31-Dec-23
15-Jan-2022 14-Jan-24

14-Jan-22 Jan-22
26-Jan-22 Feb-22

Asset Key
Asset Location
Asset Category

Asset Category
Furniture
Buildings
Office Equip

Min Max
1 7

Major Office.Equip
Minor Printers, Photo Copy

Segment Label Major

 Minor

Asset Location
Min Max
1 7

Segment Label State

Country
Country
Country
IN

Asset Key
Min Max
1 10

No Segment Label

Projects
Toy Industry Moulds 4000-8000

Asset System Controls

20000
20001
20002

40000

50000
50001
 Asset Book Types Asset Calendars
1 Corporate Book 1
2 Tax Book 2
3 Budget Book R12 3

Ways to Enter Assets System Controls

1 Manual-Addition 1
2 Mass Addition
3 ADFDI
4 FBDI
5 Integrations

Desktop
Group Asset
Child Asset-1
Child Asset-2
Child Asset-3

Run Depreciation as a single asset

Leased Assets Land

Buildings

Corporate Works as per your MIS Reporting

Furniture 4 Life
Motor vehc. 20 Years

Furniture 3
Motor vehc. 15

Furniture 3
Motor vehc. 15

Corporate Tax Book

Furniture 4 Life Furniture
Motor vehc. 20 Years Motor vehc.
 100,000.00
2200

Full Month 1000

Day Wise 700 17 Days

Full Month 1000

Day Wise 700 17 Days
1000
1000
300

Furniture Motor Veh.

Tables, Desk, Chairs, Sofas 2-wheeler, 4-Wheeler
 State City Building
State City Building
State City Building
TS Hyderabad DLF

Products
Product Category
Toy
Games
Puzzles

Tally, JD Edwards

25000
32500
 Asset Calendars
Fiscal Year
Depreciation/Accounting Calendar
Prorate Convention

System Controls
Asset System Controls

Monitor 10000
CPU 15000
Key Board 1500
Mouse 1000

Tax Book
3 Life
15 Years
100,000.00
3000
 Purchasing Inventory

Capital Projects PPM

Fixed A

Property Manager

General
 Payables Receivables

HCM

Fixed Assets 10 10000

EAM Plant Mach.

General Ledger
1
3
S.No Task Option
1 Manage Fixed Assets Flexfield Value Sets Mandatory
2 Manage Fixed Assets Key Flexfields Mandatory
Asset Key Mandatory
Asset Location Mandatory
Asset Category Mandatory
3 Manage Fixed Assets Flexfield Value Sets Values Mandatory
Asset Key Mandatory
Asset Location Mandatory
Asset Category Mandatory
4 Manage System Controls Mandatory
5 Manage Fiscal Years Mandatory
6 Manage Asset Calendars Mandatory
7 Manage Prorate Conventions Mandatory
8 Manage Asset Books Mandatory
9 Manage Asset Categories Mandatory
10 Manage Fixed Assets Lookups Mandatory
10 Manage Asset Distribution Sets Optional
11 Manage Asset Location Combination Optional
12 Manage Asset Book Data Access for Users Mandatory

ORA_FA_ALLOW_OVERRIDE 1000
ORA_FA_ALLOW_REVAL
ORA_FA_ALLOW_GROUP

Allow Dynamic

1000
Location KFF 100
 Major Valueset
Minor Valueset

Categories

Min Max
1 7

Independent Dependent
Major Minor
Furniture Tables
Chairs
Desks
Sofa
Office Equip. Printers
Fax
Photocopier
Adding Assets Manually

Capitalized Assets
CIP Assets
Expense Assets
Group Assets Asset Cost
Leased Assets

Depreciation

Depreciation

Dec-21

Telephone Exp
Dep Expenses
Cash
Furniture
AP Liability

Jan-22

Telephone Exp
Dep Expenses
Cash
Furniture
AP Liability

Cost 40000
Acc.Dep -20000
Net Book value

Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
 Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22

Capitalize CIP Asset

Adding Cost to CIP Asset

 Balance Sheets

101.0000.0000.15104.0000.000.0000.0000 Assets
Liabilities "0000"
Equity

P&L
Expense
Revenues

Expense 1000

Dec-21
Closing Balances
15000
20000
12500
50000
75000

Jan-22
Opening Balances
0
0
12500
50000
75000

20000
40000
15000
25000
1000 FY-21 12000
1000 FY-22 0
1000
1000 FY-21 12000
1000 FY-22 12000
1000 FY-22 3000
1000 15000
1000
1000
1000
1000
1000
1000
1000
1000
1 Unit Adjustment
2 Cost Adjustment

Life Adjustment
Depreciation Method Adjustment

Create Accounting

Create Accounting
Original Cost/initial Cost 40000
Adjustment 20000
Current Cost/Recoverable Cost 60000

Transfers Employee

Location

Depreciation Account

5 7
STL 150DB

This allows us to transfer journal entries to GL

Where do we see accouting entries for FA transactions

 A
B

Hyd
Bang

CostCenter Collections
Recirtument
Mass Additions

Payables
Create Invoice with Validate Invoice and Run
Asset Clearing A/c Create Accounting

Fixed Assets
Prepare Mass Update Queue Status to
Additions Data Post

GL Review Journals in GL

Mass Additions
Add To Asset Cost Adjustment on Asset Inv-122
Merge Invoice -123 Invoice-124
Spilt Invoice -125 10
Run >>Create Mass
Additions
Transfers FA Invoice From Review Mass Additions
AP to FA Interface tables) Create Report Output

Run Post All

It Imports the data from Review Post Mass
FA Interface Tables to FA Additions Report Run Create Accounting
to create as an asset Output Transfers Data to GL

80,000.00 20,000.00
10000 5000 15000
100000 10000 10000 10000
10000 10000 10000
10000
 Capital Assets
FA Invoice

Dr. Asset Clearing A/c 1000

Cr. AP Liability A/c 1000

Asset Addition
Dr. Asset Cost 1000
Cr. Asset Clearing A/c 1000

When Asset is Dep

Dr. Depreciation A/c 100
Cr. Acc. Depreciation A/c 100

CIP Assets

FA Invoice
Dr. CIP Asset Clearing A/c 1000
Cr. AP Liability A/c 1000

CIP Asset Addition

Dr. CIP Asset Cost 1000
Cr. CIP Asset Clearing A/c 1000

CIP Asset Capitalization

Dr. Asset Cost A/c 1000
Cr. CIP Asset Cost 1000

When Asset is Dep

Dr. Depreciation A/c 100
Cr. Acc. Depreciation A/c 100