Professional Documents
Culture Documents
Author:
Creation Date: January 21, 201613
Last Updated:
Document Ref:
Version: 1.0
Approvals:
<Approver 1>
<Approver 2>
Asset Application Setup 1
Document Control
Change Record4
Date Author Version Change Reference
Reviewers
Name Position
Note To Holders:
If you receive an electronic copy of this document and print it out, please write your name on the equivalent of
the cover page, for document control purposes.
If you receive a hard copy of this document, please write your name on the front cover, for document control
purposes.
Document Control...........................................................................................................................................................2
This setup will be done once for all the entities using the Asset Category Flexfield.
Major Category
AssetCategoryVS Non- No
Hierarchy
Format Type Maximum Size Numbers Only (0-9) Uppercase Only (A-Z) Right-Justify and Zero- Minimum Value Maximum Value
Fill Numbers (0001)
Char 30
Validation Type
Independent
Description: Use this form to define Value Sets for the asset category Flexfield.
This setup will be done once for all the entities using the Asset Category Flexfield.
Minor Category
AssetItemTypeVS Non- No
Hierarchy
Format Type Maximum Size Numbers Only (0-9) Uppercase Only (A-Z) Right-Justify and Zero- Minimum Value Maximum Value
Fill Numbers (0001)
Char 37
Freeze Flexfield Definition Enabled Segment Separator Cross-Validate Segments Freeze Rollup Groups Allow Dynamic Inserts
Segments
Assets > Setup > Financials > Flexfields > Key > Values
Description: Use this form to define all of the values for each segment defined for the asset category Flexfield.
Major Category
Title Structure Independent Segment Dependent Segment Independent Value Value Description
Effective
From To
Classification 2
Title Structure Independent Segment Dependent Segment Independent Value Value Description
Asset Key Flexfield Asset Key Flexfield Classification 1 Classification 2 Autocad Autocad
Effective
Value Description Enabled Effective Effective
From To
Classification 3
Title Structure Independent Segment Dependent Segment Independent Value Value Description
Asset Key Flexfield Asset Key Flexfield Classification 1 Classification 3 Autocad Autocad
From To
Future Classification 1
Title Structure Independent Segment Dependent Segment Independent Value Value Description
Asset Key Flexfield Asset Key Flexfield Classification 1 Future Classification 1 Autocad Autocad
Effective
From To
Future Classification 2
Title Structure Independent Segment Dependent Segment Independent Value Value Description
Asset Key Flexfield Asset Key Flexfield Classification 1 Future Classification 2 Autocad Autocad
From To
You specify your company name, asset numbering scheme, and Key Flexfield structures.
500000
ASSET STATUS
Type
ASSET STATUS
Description
NA
HELD FOR FUTURE USE Asset Held for Future Use
IN-SERVICE Asset In-Service
<Asset Calendar>
Calendar Description Fiscal Year Name Periods Per Year Period Suffix
<Period>
1 8-Jan 1-Jan-08 31-Jan-08
2 8-Feb 1-Feb-08 29-Feb-08
3 8-Mar 1-Mar-08 31-Mar-08
4 8-Apr 1-Apr-08 30-Apr-08
5 8-May 1-May-08 31-May-08
6 8-Jun 1-Jun-08 30-Jun-08
7 8-Jul 1-Jul-08 31-Jul-08
8 8-Aug 1-Aug-08 31-Aug-08
9 8-Sep 1-Sep-08 30-Sep-08
10 8-Oct 1-Oct-08 31-Oct-08
11 8-Nov 1-Nov-08 30-Nov-08
12 8-Dec 1-Dec-08 31-Dec-08
1 9-Jan 1-Jan-09 31-Jan-09
2 9-Feb 1-Feb-09 28-Feb-09
3 9-Mar 1-Mar-09 31-Mar-09
4 9-Apr 1-Apr-09 30-Apr-09
5 9-May 1-May-09 31-May-09
6 9-Jun 1-Jun-09 30-Jun-09
7 9-Jul 1-Jul-09 31-Jul-09
8 9-Aug 1-Aug-09 31-Aug-09
9 9-Sep 1-Sep-09 30-Sep-09
10 9-Oct 1-Oct-09 31-Oct-09
11 9-Nov 1-Nov-09 30-Nov-09
12 9-Dec 1-Dec-09 31-Dec-09
1 10-Jan 1-Jan-10 31-Jan-10
2 10-Feb 1-Feb-10 28-Feb-10
3 10-Mar 1-Mar-10 31-Mar-10
4 10-Apr 1-Apr-10 30-Apr-10
5 10-May 1-May-10 31-May-10
6 10-Jun 1-Jun-10 30-Jun-10
7 10-Jul 1-Jul-10 31-Jul-10
8 10-Aug 1-Aug-10 31-Aug-10
9 10-Sep 1-Sep-10 30-Sep-10
10 10-Oct 1-Oct-10 31-Oct-10
11 10-Nov 1-Nov-10 30-Nov-10
12 10-Dec 1-Dec-10 31-Dec-10
Calendar
Inactive On
Allow Purge
Purged Through
Ledger XX GROUP Ledger
Allow GL Posting Yes
Depreciation Calendar XX GROUP FA Cal
Fiscal Year Name XX GROUP Fiscal Year
Prorate Calendar XX GROUP FA Cal
Current Period Jan-09
Current Fiscal Year 2009
Divide Depreciation Evenly
Depreciate if Retired in First Year Yes
Accounting Rules
Allow Amortized Changes Allow Mass Changes Create Intercompany Allow Cost Sign Changes Capital Gain Threshold Years Capital Gain Threshold Months
Balancing Entries
Allow Revaluation
Allow Revaluation Amortize Revalue Retire Revaluation Revalue Fully Maximum Life Extension Life Extension Ceiling
Revaluation Reserve Accumulated Reserve Reserved Assets Revaluations Factor
Depreciation
Yes Yes
Calendar
Inactive On
Allow Purge
Purged Through
Ledger XX GROUP Ledger
Allow GL Posting Yes
Depreciation Calendar XX GROUP FA Cal
Fiscal Year Name XX GROUP Fiscal Year
Prorate Calendar XX GROUP FA Cal
Current Period Jul-13
Current Fiscal Year 2013
Divide Depreciation Evenly
Depreciate if Retired in First Year Yes
Accounting Rules
Allow Amortized Changes Allow Mass Changes Allow Cost Sign Changes Capital Gain Threshold Years Capital Gain Threshold Months
Yes Yes 1 0
Allow Revaluation
Yes Yes
Depreciation Methods
STL
Method
Straight Line
Description
Calculated
Method Type
Cost
Calculation Basis
Yes
Depreciate in Year Retired
<Prorate Conventions>
Convention Description Fiscal Year Name Depreciate When Placed in
Service
<Prorate Conventions>
Convention Description Fiscal Year Name Depreciate When Placed in
Service
Default Rules
Description Value (XX GROUP Corp Book) Value (Reporting Book)
<Depreciate>
Depreciate Values (XX GROUP Corp Book) Value (Reporting Book)
Default Rules
Description Value (XX GROUP Corp Book) Value (Reporting Book)
<Depreciate>
Depreciate Values (XX GROUP Corp Book) Value (Reporting Book)
Open Issues
ID Issue Resolution Responsibility Target Date Impact Date
Closed Issues
ID Issue Resolution Responsibility Target Date Impact Date