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SCT Banner Finance Fixed Assets

SCT Banner Finance Fixed Assets. Agenda. Agenda Introductions Objectives Sequence for setting up fixed assets Forms Review Scenario exercises and self-assessment. Introductions. Introductions Instructor Attendees Name Job responsibilities Expectations from this training sessions.

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SCT Banner Finance Fixed Assets

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  1. SCT Banner FinanceFixed Assets

  2. Agenda • Agenda • Introductions • Objectives • Sequence for setting up fixed assets • Forms • Review • Scenario exercises and self-assessment

  3. Introductions • Introductions • Instructor • Attendees • Name • Job responsibilities • Expectations from this training sessions

  4. Objectives • Task objectives • Set up COA for automatic capitalization • Create origination tags • Create a record for each permanent tag • Depreciate fixed assets • Adjust fixed assets • Transfer fixed assets

  5. House-keeping Implement Fixed Assets • Two parts to Fixed Assets • Implementation • Housekeeping

  6. Implementation • Sequence • SCT Banner forms

  7. Implementation cont. • Sequence to set up fixed assets 1. Minimum asset value and point-of-creation for origination tags

  8. Implementation cont. 2. Define default COA values for fixed assets • Accounts • Account depreciation • Depreciation expenditure • F/A asset • Capital expenditure • Funds • Source and capitalization

  9. Implementation cont. 3. Define system-wide values for fixed assets • Capitalization fund • Capitalization equity account • Gain account • Loss account

  10. Implementation cont. 4. Interface to Purchasing and Procurement • Identify commodities that are fixed assets • Activate fixed assets accounting • Origination Tag Creation Matrix • Create origination tags • Capitalize the fixed assets • Origination Tag Extraction Process • Origination Tag Extraction Matrix • Assign permanent tags or primary tags

  11. Implementation cont. 5. Depreciate fixed assets • Define system-wide depreciation methods • Assign depreciation info to each permanent tag • Method, useful life, and start date • Asset depreciation expense distribution

  12. Implementation cont. • Implementation review • Set up COA for automatic capitalization • Create origination tags, then permanent tags • Define the depreciation method for each asset

  13. Housekeeping • Second Phase - Housekeeping • Maintain accurate information about each asset • Adjust fixed assets • Transfer fixed assets

  14. Fixed Assets SCT Banner forms • Match the implementation and housekeeping steps to the SCT Banner forms • Menus, maintenance, application, and query • Menus • Fixed Asset System Menu (*FINASSET) • Fixed Asset Table Maintenance (*FINASMNT)

  15. Sequence and forms cont. • Minimum value for fixed assets and point-of-creation for origination tags • System Control Maintenance Form (FOASYSC)

  16. Sequence and forms cont. • Define COA values for fixed assets • Account Code Maintenance Form (FTMACCT) • Fund Code Maintenance Form(FTMFUND)

  17. Sequence and forms cont. • Define default COA values for fixed assets • Account Code Maintenance Form (FTMACCT) • Accumulated depreciation • Depreciation expense • Fixed Asset asset account • Capitalization expenditure • Capitalization equity account

  18. Sequence and forms cont. • Define COA values for fixed assets • Fund Code Maintenance Form (FTMFUND) • Create capitalization (or plant) fund code • Create source (invoice) fund code

  19. Sequence and forms cont. • Define system-wide values for fixed assets • Fixed Assets System Control Maintenance Form (FFASYSC)

  20. Sequence and forms cont. • Interface to Purchasing and Procurement • Commodity Maintenance Form (FTMCOMM) • Purchase Order Form (FPAPURR) and Invoice/Credit Memo Form (FFAINVE) • Posting

  21. Sequence and forms cont. • Interface to Purchasing and Procurement (cont.) • Origination Tag Creation Matrix • Origination Tag Extraction Process (FFPOEXT) • Extraction Process Report • Fixed Asset Procurement Query Form (FFIPROC)

  22. Sequence and forms cont. • Interface to Purchasing and Procurement (cont.) • Origination Tag Extraction Process (FFPOEXT) • Extraction Process Report • Fixed Asset Procurement Query Form (FFIPROC)

  23. Sequence and forms cont. • Interface to Purchasing and Procurement (cont.) • Fixed Asset Master Maintenance Form (FFAMAST)

  24. Sequence and forms cont. • Interface to Purchasing and Procurement (cont.) • Fixed Asset Master Query Form (FFIMAST) • Fixed Asset List Form (FFIFALV) • Fixed Asset Procurement Query Form (FFIPROC)

  25. Sequence and forms cont. • Interface to Purchasing and Procurement (cont.) • Fixed Asset Type Code Maintenance Form (FTMASTY) • Fixed Asset Type Code Validation Form (FTVASTY) • Fixed Asset Acquisition Code Maintenance Form (FFVACQM)

  26. Sequence and forms cont. • Interface to Purchasing & Procurement (cont.) • Fixed Asset Condition Code Maintenance Form (FFVACON) • Fixed Asset Title To Code Maintenance Form (FFVTTST)

  27. Sequence and forms cont. • Depreciating fixed assets • Fixed Asset Depreciation Code Maintenance Form (FTMDEPR) • Fixed Asset Depreciation Code Validation Form (FTVDEPR) • Fixed Asset Depreciation Form (FFADEPR) • Depreciation Process (FFPDEPR)

  28. Sequence and forms cont. • Adjusting fixed assets • Fixed Asset Adjustment Form (FFAADJF) • Fixed Asset Disposal Method Code Maintenance Form (FFVDISP)

  29. Sequence and forms cont. • Adjusting fixed assets • Fixed Asset Adjustment Query Form (FFIADJF) • Fixed Asset Adjustment List Form (FFIADJL) • Fixed Asset Adjustment History Form (FFIADJH)

  30. Sequence and forms cont. • Transferring fixed assets • Fixed Asset Transfer Form (FFATRAN)

  31. Review • Sequence of setting up fixed assets • Sequence and forms

  32. Questions?

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