Module 1: Introduction

This module explains the basic Fixed Assets concepts and components. It also describes the integration between Fixed Assets and the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.

Lessons

• Fixed Assets Overview
• Functionality That Is Required for Fixed Asset Accounting
• Structure and Integration With Other Modules

After completing this module, students will be able to:

Module 2: Setup Procedures

This module explains how to perform the necessary setup of the system and the Fixed Assets module. It also describes some country specific setup requirements.

Lessons

• System Setup for Fixed Assets
• Fixed Assets Module Setup- Depreciation Profiles, Asset Calendars and Depreciation Books
• Fixed Assets Module Setup- Value Models, Asset Groups, Disposal and Posting Profiles
• Fixed Assets Module Setup- Parameters
• Capitalization Threshold- Fixed Assets
• Parameters- Purchase Orders Field Group
• Reason Codes in Fixed Assets
• Depreciation Methods
• Depreciation Conventions
• Depreciation Books Overview
• Extended Functionality Features - Provision Types and Bonus Depreciation
• Mass Update Depreciation Conventions for a Depreciation Book
• Country and Region Specific Features

Lab: Set Up Journal Names

• This lab provides experience in setting up the Journal names for the journals used by Fixed assets.

Lab: Set Up Ledger Accounts

• This lab provides experience in creating the ledger accounts necessary to create and post fixed asset transactions.

Lab: Set Up a Number Sequence

• In this lab, the number sequences necessary for the Fixed asset module will be set up.

Lab: Set Up a Depreciation Profile

• A Depreciation profile will be set up in a practice environment.

Lab: Set Up Value Models

• This lab provides experience in creating Value models.

Lab: Set Up a Fixed Asset Group

• Fixed asset groups are an important component of the fixed asset setup. This lab provides experience in setting up those groups.

Lab: Set Up a Posting Profile

• A Posting profile will be set up in a practice environment.

After completing this module, students will be able to:

Module 3: Setup of Assets

This module explains how to set up the company