Create FA Object

Explanation

This activity is used to create a fixed asset object (FA object) connected to a lease contract. The created FA object will have object type Right-of-Use and object status Investment.

Prerequisites

A lease contract with status Preliminary must have been defined in Lease Accounting.

IFS/Fixed Asset must be installed in the system.

System Effects

As a result of this activity, a fixed asset object (FA object) is created and connected to the lease contract. The FA object will have object type Right-of-Use and Investment status.

Window

Lease Accounting Contract
Lease Accounting Contracts

Related Window Descriptions

Create FA Objects
Lease Accounting Contract
Lease Accounting Contracts
Lease Accounting/General

Procedure

  1. In the Lease Accounting Contract window or Lease Accounting Contracts window, right-click and click Create FA Object to open the Create FA Object for Lease Accounting dialog box.
  2. Enter an ID for the new object in the Object field.
  3. Enter an object description. The default value can be edited. (A value in the Object Description field is required.)
  4. In the Object Group field, enter an object group or use the List of Values to select an object group. This is a required field. (Note: If you select an object group for which the Object Class Mandatory check box is selected in the Object Group window, it will be possible to proceed with the activity only if an object class has been specified in the Object Group window).
  5. The Acquisition Account field will be automatically filled by the value connected in the Object group window. You can edit the fetched value and enter another acquisition account or use the List of Values to select another acquisition reason.
  6. The Acquisition Reason field will be automatically filled if a value connected to the object group in the Object group window. You can edit the fetched value and enter another acquisition reason or use the List of Values to select another acquisition reason.
  7. Click Save.
  8. The Books field, Depreciation Method field, Estimated Life field and Business Usage field will be automatically fetched if values are connected to the object group in the Object group window. You can add or modify these values.
  9. Click OK to close the dialog box.