IFS Financials - Fixed Assets


This course provides a comprehensive understanding of the Fixed Assets functionality of IFS Financials related to the IFS Applications.

Target Audience

Those who need to identify and state the essential decisions to be made, basic data to be created and processes involved in the Fixed Assets in support of IFS Financials in IFS Applications™.

  1. Introduction to Fixed Asset
  2. Set up and configuration of Base Data for Objects
  3. Creation of Fixed Asset Objects
  4. Handling Acquisition/ Import of Fixed Asset Objects
  5. Depreciation of the Fixed Asset
  6. Fixed Asset Functions
  7. Fixed Asset Analysis

At the end of this course, the students will be able to:

  • Set up all Base Data requirements to enable Fixed Asset Objects to be created
  • create a create a Fixed Asset Object
  • Purchase a Fixed Asset
  • Depreciate the Fixed Asset over its life
  • Understand the functions around Fixed Assets
  • Set up a Budget Process
  • Load budget transactions into the budget Process
  • Change the budget amounts
  • Remove a Budget from IFS Applications
  • Analyse results in the General Ledger

Knowledge: Perfect understanding of the accounting in business processes, company set up, accounts, code parts and posting controls.

Courses: IFS Applications 10 Essentials, General Ledger


IFS Academy Inquiry Text


  • Consultants

IFS Applications Version:

  • IFS Applications 10


  • IFS Financials

Course ID:



Classroom - 1 day, Virtual Classroom - 2 sessions (of 4 hours)

Type of Course:

  • Classroom
  • Virtual Classroom