FI- Asset Master Update

Executed by

Finance Manager

Processes Triggered From

PO-based Procurement - Standard Capex Procurement "(Variant)"

Navigation: Home > Go to Asset Module > Click on Asset List

Steps

Review the asset details for completeness.
Verify asset information (e.g., name, value, asset category).

Confirm the asset’s relevant details (Asset Owner, Purchase price, location, etc.).
Update the asset master with the relevant details:
- Accounting Dimension
- Purchase Date
- Available to Use Date (Note: This is the same as the Depreciation Start Date).

5. Depreciation Tab:
- Ensure Calculate Depreciation is enabled if applicable.
- Verify and update the Finance Books section.
- Confirm the Depreciation Method, Total Number of Depreciations, and Frequency of Depreciation.
- Set the Depreciation Posting Date as required.

6. Insurance Tab (If Applicable):
- Update Policy Number, Insurer, Insured Value, Start Date, and End Date.
- Mark Comprehensive Insurance if applicable.