| # To set up Fixed Assets To set up Fixed Assets: Books In the Books (tffam6500m000) session, add the books. Property Types In the Property Types (tffam7180m000) session, set up the required property types. Asset Groups In the Asset Groups (tffam4500m000) session, set up the asset groups. Depreciation Frequencies In the Depreciation Frequencies (tffam7100m000) session, add the depreciation frequencies. Depreciation Methods In the Depreciation Methods (tffam7510m000) session you can define the depreciation methods. Define FAM Parameters In the FAM Parameter (tffam0100s000) session, define FAM parameters. Define default values for: Transaction details Depreciation frequencies and information Exchange rate types Books Category History Retention years and periods In the FAM Parameter (tffam0100s000) session, from the appropriate menu, select Default Books option to start the Default Books (tffam0510m000) session, in which you can define the default books. These books are used by the Asset (tffam1100s000) session to generate asset books. Categories In the Categories (tffam2500m000) session, add the categories. Location In the Location Segments (tffam5510m000) session, set up the required locations. Asset Classes In the Asset Class (tffam1135m000) session, select the life value of the asset. You can select a single value or range of values. Vintage Groups /Accounts In the Vintage/Group Account (tffam7170s000) session, add new vintage/group accounts Reasons In the Reasons (tffam6550m000) session, define reason codes for various FAM transactions such as adjustments, disposals, transfers and removals. Integrations In the Mapping Scheme (tfgld4573m000) session, define the mapping scheme, to link the fixed asset transactions to the General Ledger module. The prerequisites to set up Fixed Assets Before you set the parameters in the FAM Parameter (tffam0100s000) session, complete these steps: In the Implemented Software Components (tccom0100s000) details session of the Implemented Software Components (tccom0500m000) session, select the Financials check box. In the Chart of Accounts (tfgld0508m000) session, add the ledger accounts in which the fixed asset transactions are posted. In the Fixed Asset Integration field in the Chart of Accounts (tfgld0508m000) session, select one of the following options. These types of ledger accounts are linked to the Fixed Assets module, and are used as interim accounts for the specific transactions. Investment Maintenance Costs Disposal In the Transaction Types (tfgld0511m000) session, define the transaction types for the various fixed asset transactions. The Transaction Category must be Journal Vouchers and the History Update Mode must be Batch Processing. In the Exchange Rate Types (tcmcs0140m000) session, add the exchange rate types if they are different for FAM. |