Overview
This fixed assets group covers the acquisition, capitalization, and physical inventory counting, as well as the disposal of fixed assets.
Business processes list
- Start CAPEX projects
- Maintain CAPEX project structure
- Follow up CAPEX project progress
- Transfer assets to buyers (deferred title transfer)
- Determine buyers of assets and terms of sale
- Perform initial recognition of fixed assets
- Recognize fixed asset cost addition
- Create records in the asset catalog
- Retire and dispose assets
- Register asset scrapping
- Change asset accounting parameters
- Transfer assets
- Carry out periodic fixed asset depreciation
- Initiate asset decommissioning