FA: Fixed Assets Setups

 

Fixed Assets Setups

Sno.	Setups	Tasks	Status	Description
1	Create Value Sets for Category KFF	Manage Fixed Assets Flexfield Value Sets	Required	Here create Major and minor category
2	Create Value Sets for Location KFF	Manage Fixed Assets Flexfield Value Sets	Required
3	Create Value Sets for Asset KFF	Manage Fixed Assets Flexfield Value Sets	Required
4	Create Category KFF Structure	Manage Fixed Assets Key Flexfields	Required	Here search for Category FlexField
5	Create Location KFF Structure	Manage Fixed Assets Key Flexfields	Required
6	Create Asset Key KFF Structure	Manage Fixed Assets Key Flexfields	Required
7	Create Category KFF Structure Instance	Manage Fixed Assets Key Flexfields	Required
8	Create Location KFF Structure Instance	Manage Fixed Assets Key Flexfields	Required
9	Create Asset Key KFF Structure Instance	Manage Fixed Assets Key Flexfields	Required
10	Create Segment Values For 3 KFF Segments	Manage Fixed Assets Flexifield Value Sets	Required
11	Configure System Controls	Manage System Controls	Required	It is used to create Asset Numbering
12	Create a Fiscal Year Calendar	Manage Fiscal Years	Required	Here we will create Asset starting Year. E.g.: The client has assets from 1950 so we have to create years from 1950 to till date. Here we will not create periods.
13	Create Asset Calendar/Depreciation Calendar	Manage Asset Calendars	Required	Here we have to create the period name according to the Accounting Calendar, up to one year we have to add the periods
14	Define Prorate Convention	Manage Prorate Conventions	Required
15	Create Prorate Calendar	Manage Asset Calendars	Required	Here we can use the same Depreciation Calendar but the naming convention we give it is Prorate calendar.
16	Create Corporate Book/Depreciation Book	Manage Asset Books	Required	In Fixed Assets when we create an Asset, we have to maintain it in the Corporate Book
17	Create Tax Book (Optional)	Manage Asset Books	Required
18	Create Depreciation Methods	Manage Depreciation Methods	Required
19	Create Asset Categories	Manage Asset Categories	Required	Here we will assign our Asset Category to our corporate book
20	Assign Fixed Assets (FA) Roles to User	Tools >> Security Console >> Edit User >> Add Roles to User	Required
21	Provide Data Access Set To Users (Assign Corporate Book To User Roles)	Manage Asset Book Data Access for Users	Required
22	Define Asset Distribution Sets	Manage Asset Distribution Sets	Optional
23	Manage Asset Location Combinations	Manage Asset Locations	Optional
24	Asset Lookup Values	Manage Fixed Asset Lookups	Required	·      ORA_FA_ALLOW_GROUP.   ·      ORA_FA_ALLOW_OVERRIDE.   ·       ORA_FA_ALLOW_REVAL