Creating a capital project

  1. Define fixed assets ( Asset Number and Asset Extension) in the Asset Details (tffam1600m000) session. LN sets the Status to Entered.

    Define fixed assets ( Asset Number and Asset Extension) in the Asset Details (tffam1600m000) session. LN sets the Status to Entered.

  2. For a project, select the Fixed Assets check box in the Project (tppdm6600m400) session.

    For a project, select the Fixed Assets check box in the Project (tppdm6600m400) session.

    • This check box is enabled only if the Internal Project check box is selected.
    • The status of the project must be Free.
  3. To link the fixed asset, specify the Asset Number and Asset Extension on the Financial tab, in the Project (tppdm6600m400) session. This step is mandatory before closing a project to ensure that the project cost is capitalized when the project is closed.
  4. Select Activate from the main menu in the Project (tppdm6600m400) session to set the project to Active.
  5. Register and process costs for the project. See Registering costs and commitments.
  6. After the project is over, set the Project Status to Finished and the Financial Result Status to Determine Result in the Project Status (tppdm6107s000) session; or you can set the Element or Activity status to Finished.
  7. Select the Final Result check box in the Process Transactions (tpppc4802m000) session and process the transaction.
  8. After the transaction is processed, LN sets the project status to Closed and the transaction is posted to Financials.
  9. In the Asset Details (tffam1600m000) session you can view whether the Transaction Cost is posted successfully and also the Status is set to Acquired. You can also view the Asset Source, Project and Element/ Activity that are linked to the Asset, on the Origin tab.