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E1: 12: Fixed Assets System Setup FAQ (Doc ID 631882.1)

Last updated on SEPTEMBER 14, 2018

Applies to:

JD Edwards EnterpriseOne Fixed Assets - Version XE and later
Information in this document applies to any platform.

Purpose

This document will help Accounting Staff and Information Technology Staff answer some of the common questions and issues with Setting Up the Fixed Assets System.

Questions and Answers

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In this Document
Purpose
Questions and Answers
 Question 1:  Costs from AA are automatically copied to the other ledgers. How to temporarily turn this off and not copy from AA to all other ledger types?
 Question 2:  After adding the Asset information and clicking ok, the system doesn't create the asset and the asset can't be found.
 Question 3:  Does the Fixed Asset system have any bar coding functionality?
 Question 4:  Is there a program that will change (renumber) the Fixed Asset Number in (FLNUMB/F1202) from an existing number to a new number?
 Question 5:  Is there are report or program that will display the Remaining Useful Life of an Asset?
 Question 6:  How many accounts can there be per asset for the cost account, accumulated depreciation account and depreciation expense account?
 Question 7:  An amount was posted to the Fixed Assets that should not be in the Fixed Asset System.  How can this be corrected?
 Question 8:  When changing from a calendar date pattern to a 4/4/5 date pattern, what is the effect on Fixed Assets?
 Question 9:  Does the JDE Fixed Asset Module provide the capability to perform and record a capital asset inventory?  
 Question 10:  How does the F0911 record store the Asset Number in the GLASID field?  
 Question 11:  Is it necessary to include depreciation expense account in the FX AAI setup?
 Question 12:  What is the purpose of the Depreciation Category Code in Fixed Asset Constants?
 Question 13:  Why does an 'Account Invalid' error message display on the Depreciation Default Coding (P12002) screen for an account that is not displayed?
 Question 14:  Error: 0632 - 'Default Accounts Invalid' despite correct setup in Depreciation Default Coding
 Question 15: Where does the PM scheduler R12807 get the asset serial number from when creating the Work Order?
 Question 16: Is there a processing option that will require an asset number to be entered when using a Fixed Asset Account?
 Question 17: How can the Date Acquired be changed from one date to another?  Current Date to a date that is later than the Current Date.
 Question 18: How can the cost account be changed before amounts are added to the asset?.
 Question 19: Cost Summary Inquiry shows the date in the YY/MM/DD format same as the Job Status Inquiry (JSI) (P512000) how can this be changed?.
 Question 20: Where are all the latest ESUs listed for the Fixed Asset System?.
 Question 21: Converting from World to E1, are the F1204 and F1210 Files needed in E1?
 Depreciation Specific Questions
 Question 1:  Why Does the User Defined Depreciation (R12855) use the Net Book Value (NBV) instead of cost of the asset to print in 'Cost' column?
 Question 2:  When running the R12430 Depreciation Expense Report, there are assets where the depreciation expense amounts are either blank or incorrect?
 Question 3:  Why do some assets continue to depreciate after the asset is fully depreciated (i.e. the Net Book Value (NBV) is equal to zero)?
 Question 4:  Can the depreciation expense account be in a different company than the asset number's company?
 Question 5:  How to synchronize Depreciation Information values in the F1202 file (Fixed Asset Account Balances) that do not match from one account type to another.
 Question 6:  Why does the system allow a manual journal entry that puts the accumulated depreciation greater than the cost of the asset?
 Question 7 Why does balance character (i.e. FLCHCD) of an object account (Asset Balance Table F1202) update as "3" (Secondary Accumulated Depreciation) versus a "2" (Accumulated Depreciation)?
 Question 8:  Can Depreciation be setup to charge to more than one Depreciation Expense Account?  
 Question 9 Does JD Edwards Enterprise One have Asset Retirement Obligation functionality?
 Question 10 Can the Depreciation Expense Account be changed on the asset's Depreciation Information Screen? 
 IASB/ IFRS 16 Specific Questions
 Question 1:  What information is available for IASB/ IFRS 16?
 

References

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