IFS Financials - Fixed Assets
ABOUT THIS COURSE
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™.
- Introduction to Fixed Asset
- Set up and configuration of Base Data for Objects
- Creation of Fixed Asset Objects
- Purchase of a Fixed Asset through a Supplier Invoice
- Depreciation of the Fixed Asset
- Fixed Asset Functions
- 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
Inquire
IFS Academy Inquiry Text
Track:
- Consultants
IFS Applications Version:
- IFS Applications 10
Module:
- IFS Financials