General

  1. Click the General tab in the Fixed Asset Class (FAC) dialog.
  2. Specify this information in the Overrides section:
    Final Value Calculation

    This is set to override the Exclude Final Value from the Calculation setting in Ledger Setup (LES).

    Reporting Conversion Control

    Select the currency control option to be used for postings to assets of this class in the reporting currency. Three options are available:

    • Ledger Default

      Use the Value 3 Currency Post Rule option in Business Unit Setup to determine whether or not reporting currency values are required on transactions posted to assets of this class.

    • Mandatory

      Make the reporting currency value mandatory on transactions posted to assets of this class.

    • Prohibited

      Prevent a reporting currency value being entered on transactions posted to assets of this class.

    Note: If the Value 3 Currency Type in Business Unit Setup is set to Second Base Currency, then Value 3 must always be present.
  3. Specify this information in the Depreciation Accounts section:
    Balance Sheet
    The balance sheet account for depreciation postings for assets of this class. If this is left blank on an asset record, the account entered in Depreciation Calculation (FDC) is used.
    Profit and Loss
    The profit and loss account for depreciation postings for assets of this class. If this is left blank on an asset record, the account entered in Depreciation Calculation (FDC) is used.
  4. Specify this information in the Advanced Depreciation Accounts section:
    Balance Sheet

    The balance sheet account for advanced depreciation postings for assets of this class, if advanced depreciation is being used.

    Profit and Loss
    The profit and loss account for advanced depreciation postings for assets of this class, if advanced depreciation is being used.
  5. Save your changes.
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