JD Edwards EnterpriseOne Fixed Assets Accounting Rel 9.0 Student Guide D70389GC10 1.0 February 2009 D58378
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Lesson 1 Course Overview... 1 Agenda... 2 Lesson 2 Business Process Overview... 7 Describing the Fixed Assets Business Process... 8 Describing Features of the Fixed Assets System... 12 Describing Fixed Assets System Integration... 15 Describing Sources of Information About Fixed Assets in Implementation Guides... 18 Lesson 3 Setting Up the System Foundation... 21 Describing System Foundation Setup... 22 Establishing Fixed Assets Constants... 23 Identifying UDCs for Fixed Assets... 26 Describing AAIs for Fixed Assets... 28 Describing Next Numbers for Fixed Assets... 31 Lesson 4 Setting Up Other Components of the Fixed Assets System... 35 Describing Other Setup Features... 36 Describing the Setup of Acquisition Years... 38 Setting Up Depreciation Default Values... 39 Activity 1: Setting Up Depreciation Default Values... 42 Describing Category Code Mapping... 49 Describing the Setup of Ledger Type Rules... 50 Describing the Setup of Disposal Account Rules... 52 Describing the Setup of Beginning Balances... 55 Describing Supplemental Data Setup... 57 Lesson 5 Setting Up User-Defined Depreciation... Describing User-Defined Depreciation... Setting Up Depreciation Rules... Setting Up Depreciation Formulas... 61 62 65 74 i
Setting Up Depreciation Spread Patterns... 76 Activity 2: Setting Up User-Defined Depreciation... 78 Lesson 6 Managing Asset Records... 93 Describing the Asset Master Record... 94 Creating Asset Master Records with Basic Information... 96 Describing When to Delete an Asset Master Record... 101 Verifying Depreciation Information for an Asset... 103 Describing Additional Information for an Asset... 106 Activity 3: Entering Asset Master Records... 108 Lesson 7 Establishing Parent and Component Information... 115 Describing Parent and Component Relationships... 116 Describing When to Review and Revise Parent and Component Information... 117 Lesson 8 Tracking Asset Locations... 121 Describing Asset Location Tracking... 122 Assigning Location Information to Assets for Transfers... 123 Activity 4: Assigning Physical Locations to an Asset for Transfers... 127 Lesson 9 Processing General Ledger Entries for Fixed Assets... 133 Describing Journal Entries that Affect Fixed Assets... 134 Associating Cost with Assets Through Accounts Payable... 137 Activity 5: Creating A/P Vouchers for Assets... 141 Describing the Revise Unposted Entries Program... 146 Splitting Unposted Journal Entries... 149 Activity 6: Splitting an Unposted Entry... 151 Lesson 10 Posting Journal Entries to Fixed Assets... 157 Describing the Post Entries to Fixed Assets Process... 158 Posting G/L Entries to Fixed Assets... 159 Activity 7: Posting Entries to Fixed Assets... 161 Describing Corrections to Fixed Asset Account Balances... 164 Reviewing Asset Cost Information... 170 Activity 8: Reviewing Asset Cost Information... 173 ii
Lesson 11 Describing Units of Production... 177 Describing Units of Production Schedules... 178 Describing When to Enter Units of Production... 181 Lesson 12 Calculating Asset Depreciation... Describing Asset Depreciation... Calculating Depreciation... Reviewing Depreciation Batches... Posting Depreciation Manually to the General Ledger... Activity 9: Calculating Asset Depreciation... 183 184 187 190 192 193 Lesson 13 Describing Fixed Asset Journal Entries... 199 Describing the Types of Fixed Asset Journal Entries... 200 Describing the Types of Fixed Asset Journal Entries (continued)... 201 Lesson 14 Splitting Assets... 205 Describing the Asset Split Process... 206 Performing an Asset Split... 208 Activity 10: Splitting an Asset... 213 Lesson 15 Transferring Assets to New Locations... 219 Describing the Asset Transfer Process... 220 Performing an Asset Transfer... 222 Activity 11: Transferring an Asset... 224 Lesson 16 Disposing of Fixed Assets... 229 Describing the Asset Disposal Process... 230 Performing Single Asset Disposals... 233 Performing Mass Asset Disposals... 236 Activity 12: Disposing of an Asset... 239 iii
Lesson 17 Describing Asset Revaluation... 255 Describing the Concept of Asset Revaluation... 256 Describing Revaluation Indexes... 260 Lesson 18 Performing Asset Revaluation... 263 Describing the Revaluation Journal Program... 264 Describing the Revaluation Journal Review Program... 266 Lesson 19 Describing Standard Fixed Asset Reports... Describing Asset Information Reports... Describing Depreciation Reports... Describing Quarterly and Year-to-Date Reports... 269 270 275 280 Lesson 20 Describing Fixed Asset Integrity Reports... Describing the Purpose of Integrity Reports... Describing the Fixed Assets to G/L Integrity Report... Describing the Unposted Fixed Asset Transaction Report... Describing the Fixed Asset Transaction Integrity Report... Describing the G/L to Fixed Assets Integrity Report... 291 292 294 295 296 298 Lesson 21 Performing Year-End Processes for Fixed Assets... Describing the Asset Account Balance Close Program... Describing the Units of Production Close Program... Running the Depreciation Projections Program... Activity 13: Projecting Future Year Depreciation... 301 302 305 306 308 Lesson 22 Describing Fixed Assets Global Updates... 315 Describing Global Update Programs for Asset Information... 316 Describing the Global Depreciation Rules Update Program... 322 Describing Global Update Programs for Accounts and Ledgers... 324 Describing the Asset Master and Balances Purge Program... 331 iv
Lesson 23 Final Course Activity... 333 Activity 14: Performing Asset Management... 334 Lesson 24 Course Review... 363 Setting Up the JD Edwards EnterpriseOne Fixed Assets System... 364 Creating Asset Master Records... 365 Processing General Ledger Entries to Fixed Assets... 366 Depreciating Assets... 367 Processing Fixed Asset Journal Entries... 368 Revaluing Assets... 369 Printing Fixed Asset Reports... 370 Performing Year-End Processes and Global Updates... 371 v