oracle fusion fa setup

7/25/2019 Oracle Fusion FA Setup

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Setting up Oracle Fusion AssetsFusion_FA_Setup.doc

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ORACLE APPLICATIONS

White Paper Setup of OracleFusion Assets


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Content

Introduction ............................................................................................................................................................................. .4

Goal........................................................................................................................................................................................4

Getting Started ................................................................................................................................................................. ........ 5

Where to start with the setup? ............................................................................................................................................5

What are the general setup steps that need to be made in FSM? .......................................................................................5

1. Key Flexfields ..................................................................................................................................................... .......... .... 7

e! Fle"#ields in Fusion Assets .........................................................................................................................................$

Asset %ategor! Fle"#ield ....................................................................................................................................................$Asset e! Fle"#ield ..........................................................................................................................................................&'

(ocation Fle"#ield ...................................................................................................................................................... ...... &5

2. Manage Asset Keys and ocations ................................................................................................................................1!

". Syste# Controls ..............................................................................................................................................................2$

4. Fiscal %ears ............................................................................................................................................................ ......... 22

5. &rorate and 'e(reciation Calendars ........................................................................................................................... .2"

). *eference 'ata Set ................................................................................................................................................ ......... 25

7. &rorate Con+entions ....................................................................................................................................... .......... ..... 2)

,. 'e(reciation Met-ods ................................................................................................................................................. ... 2,

S)( ...................................................................................................................................................................................'*

Flat +ate .................................................................................................................................................................. ......... ',

)able -ased ............................................................................................................................................................... ....... /

Formula .......................................................................................................................................................................... .. /

0nit o# 1roduction ............................................................................................................................................................&

!. onus *ules ....................................................................................................................................................................."2

1$. Ceilings ....................................................................................................................................................... .......... ..... ""

11. Fixed Assets oo/u(s .......................................................................................................................................... ..... "4

12. Asset 'e(reciation oo/ ................................................................................................................................ ......... . ")

1". Cas- Generating 0nits CG0s ............................................................................................................................. .. 4$

14. 'istri3ution Sets ........................................................................................................................................ .......... ..... 41

15. Fixed Assets &rofile (tions ........................................................................................................................... ......... 42

1). Asset Categories ........................................................................................................................................................4"


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4

Introduction

Goal

THE PURPOSE OF THIS DOCUMENT IS TO PROVIDE AN OVERVIEWon possible setup of Fusion Fixe Assets! We "ill is#uss $n expl$in t%e

ne#ess$&' setup steps $n so(e of t%e option$l steps!

We "ill not is#uss t%e setup of Des#&ipti)e Flexfiels o& Suble*e&

A##ountin* fo& Fusion Assets!


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Getting Started

Where to start with the setup?

T%e )e&' fi&st step $fte& %$)in* #olle#te t%e business &e+ui&e(ents is to esi*n t%e setup befo&e

,e'in* in $n't%in* into t%e s'ste(! Fusion Appli#$tions p&o)ies so(e $ssist$n#e fo& t%e esi*n p%$se

in t%e Fun#tion$l Setup M$n$*e& -FSM. on t%e /ettin* St$&te p$*e!

What are the general setup steps that need to be

made in FSM?

All setup t$s,s in O&$#le Fusion Appli#$tions $&e pe&fo&(e in t%e Fun#tion$l Setup M$n$*e& -FSM.!

Fo& fu&t%e& info&($tion on t%e FSM itself0 ple$se &efe& to Do#u(ent$tion A)$il$ble Rel$te "it%

Fun#tion$l Setup M$n$*e& -FSM. -Do# ID 122332!1. $n M$ste& Note on Fun#tion$l Setup M$n$*e&-FSM. -Do# ID 1554!1.!

On#e t%e esi*n p%$se is #o(plete0 t%e fi&st step is to en$ble Fusion Assets fo& setup! T%is is one in

FSM une& Confi*u&e Offe&in*s! C%e#, t%e En$ble fo& I(ple(ent$tion #%e#, box fo& Fixe Assets!

T%e best "$' to st$&t "it% t%e setup of Fusion Assets is to #&e$te $n I(ple(ent$tion P&o6e#t eit%e& fo&

Fin$n#i$ls0 "%i#% "ill t%en in#lue Assets o& fo& Assets $lone )i$ t$s, M$n$*e I(ple(ent$tion

P&o6e#ts! Note0 %o"e)e&0 t%$t t%e&e $&e epenen#ies to ot%e& (oules fo& so(e t$s,s0 so it is best to

in#lue Fin$n#i$ls $s "ell!

W%en t%e i(ple(ent$tion is en$ble fo& Fixe Assets0 "e #$n #&e$te $n I(ple(ent$tion P&o6e#t une&

M$n$*e I(ple(ent$tion P&o6e#ts b' #li#,in* on t%e C&e$te button!


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We o)e&"&ite t%e n$(e "it% ou& o"n n$(e $n #li#, on Next!

Note: Fin$n#i$ls $lso nees to be in#lue $s t%e&e $&e so(e epenent t$s,s!

W%en "e S$)e $n Open t%e P&o6e#t "e "ill see $ll t$s,s0 i!e! setup steps0 liste $s seen belo"!


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1. Key Flexfields

Key Flexfields in Fusion Assets

It is $ mandatory step to set up t%e t%&ee ,e' flexfiels fo& Fusion Assets!

In O&$#le Assets t%e&e $&e t%&ee Flexfiels o"ne b' t%e $ppli#$tion7 t%e Asset C$te*o&' Flexfiel0 t%eAsset 8e' Flexfiel0 $n t%e 9o#$tion Flexfiel! T%e A##ountin* Flexfiel is use to t&$nsfe& t%e 6ou&n$l

ent&ies #&e$te f&o( t%e t&$ns$#tions in O&$#le Assets to t%e /ene&$l 9e*e& $n %$s been set up "it%

O&$#le /ene&$l 9e*e&!

Note: One #$n onl' %$)e one st&u#tu&e fo& e$#% of t%e t%&ee ,e' flexfiels in Assets! So t%is st&u#tu&e

%$s to be esi*ne in su#% $ ($nne& $s to fulfill $ll &e+ui&e(ents fo& $ll $sset boo,s to be #&e$te!

Asset Category Flexfield

T%is flexfiel is t%e ($in flexfiel in O&$#le Assets! It s%oul be set up in su#% $ f$s%ion $s to $llo" t%e

ne#ess$&' &epo&tin* on Assets! Afte& t%e Asset C$te*o&' Flexfiel -$n t%e ep&e#i$tion boo,. %$s

been set up t%e $sset #$te*o&ies #$n be set up! Def$ult li)es0 ep&e#i$tion (et%o0 p&o&$te

#on)ention0 $n t%e #ost:&ese&)e $##ounts $&e efine pe& ($6o&:(ino& #$te*o&' #o(bin$tion!

T%e (ost #o((on setup of t%e Asset C$te*o&' Flexfiel is $s follo"s7

MAJOR CATEGORY: b$se on t%e $sset #ost $##ount $n:o& $not%e& i(po&t$nt #l$ssifi#$tion to t%ebusiness! T%e )$lue set #$n %$)e ($xi(u( ;< C%$&$#te&s $s ot%e&"ise no epenent se*(ent #$nbe $tt$#%e!MINOR CATEGORY: -epenent on t%e M$6o& C$te*o&'.7 b$se on t%e iffe&ent ep&e#i$tion

(et%os:li)es fo& t%e ($6o& #$te*o&'!

As "it% $n' flexfiel "e st$&t b' settin* up t%e )$lue set0 "%i#% is t%e fi&st t$s, in ou& i(ple(ent$tion

p&o6e#t! /o to t$s, M$n$*e Fixe Assets Flexfiel V$lue Sets $n #li#, on t%e C&e$te button!


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T%is t$,es us to t%e C&e$te V$lue Set p$*e! We *i)e t%e )$lue set $ (e$nin*ful n$(e $n es#&iption!

T%e M$6o& #$te*o&' "ill be $n inepenent se*(ent0 but $s "e pl$n to $tt$#% $ epenent se*(ent to

it0 t%e si=e of t%e inepenent se*(ent #$nnot be *&e$te& t%$n 25 $n to $)oi uppe&>:lo"e$se

(ist$,es0 "e sti#, "it% uppe$se onl'!

As "e o not pl$n to &est&i#t t%e use of t%e #$te*o&' flexfiel0 "e "ill not efine $t$ se#u&it'!


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Afte& s$)in* t%e )$lue set0 "e set up t%e next one fo& t%e (ino& #$te*o&'!

As t%e )$li$tion t'pe is epenent0 "e "ill $lso %$)e to pi#, t%e inepenent )$lue set! A ou& )$lues

"ill be $*$in in text fo&($t0 t%e&e is no nee fo& us to efine $ (ini(u( o& ($xi(u( )$lue!

No" "e #$n (o)e on to efine ou& C$te*o&' Flexfiel )i$ t%e t$s, M$n$*e Fixe Assets 8e'

Flexfiels! W%en "e o $ blin se$% on t%e p$*e "e "ill see $ll t%&ee ,e' flexfiels! Pl$#e t%e #u&so&

on t%e #$te*o&' flexfiel $n #li#, t%e M$n$*e St&u#tu&es button!


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We n$(e ou& st&u#tu&e #oe "it% t%e s$(e lo*i# $s use befo&e0 "e ente& $ n$(e $n ? )e&'

important? $ description! W%en "e pi#, ou& flexfiel st&u#tu&es l$te& in t%e S'ste( Cont&ols p$*e

t%e es#&iption "ill be )isible in t%e &op>o"n list! We ete&(ine $ eli(ite& b' "%i#% t%e flexfiel

se*(ents "ill be sep$&$te! T%e C&e$te button is *&$'e out until "e s$)e $n onl' $fte& s$)in* t%e

st&u#tu&e #$n "e $ se*(ents!


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We ente& t%e se*(ent #oe0 n$(e $n es#&iption0 efine t%e ispl$' "it%! T%e Se+uen#e Nu(be&

ete&(ines t%e o&e& of ispl$' of t%e se*(ents! We pi#, t%e #olu(n n$(e $n ou& )$lue set0 efine

t%e p&o(pts $n fin$ll' sele#t t%e l$bel M$6o& C$te*o&' to +u$lif' t%is se*(ent $s t%e ($6o& $sset

#$te*o&'! We t%en &epe$t t%e s$(e fo& t%e (ino& $sset #$te*o&' se*(ent!

Cli#, on S$)e $n Close t"i#e to &etu&n to t%e M$n$*e 8e' Assets Flexfiels p$*e! No" "e #li#, on

t%e M$n$*e St&u#tu&e Inst$n#es button!

A*$in "e sti#, to ou& n$(in* #on)ention $n "%en "e pi#, t%e St&u#tu&e N$(e t%$t "e %$)e 6ust

#&e$te0 t%e t"o se*(ents efine befo&e $ppe$& $n "e #$n no" eit t%e( )i$ t%e pen#il button to($,e t%e se*(ents &e+ui&e!


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On#e bot% $&e eite "e #$n #li#, on S$)e $n Close $n t%en on Done to &etu&n to t%e M$n$*e 8e'

Assets Flexfiels p$*e! T%e l$st step to be pe&fo&(e %e&e is to eplo' t%e flexfiel!


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We $&e no" *oin* b$#, to ou& )$lue sets $n efine t%e se*(ent )$lues7


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Fo& t%e epenent (ino& #$te*o&' )$lues0 t%e )$lue f&o( t%e ($6o& #$te*o&' nees to be #%osen!

Asset Key Flexfield

T%e Asset 8e' Flexfiel %$s no fin$n#i$l o& &epo&tin* i(p$#t! It #$n be use to *&oup $ssets iffe&entl'

t%$n )i$ t%e Asset C$te*o&' Flexfiel! T%e Asset 8e' Flexfiel is intene fo& ispl$' onl' $s t%e&e is

no st$n$& &epo&t so&tin* b' $sset ,e' $n not ($n' &epo&ts o ispl$' t%e $sset ,e'! One option fo&

setup #oul be to use ,e' istin*uis%in* $#ti)e0 &eti&e0 $n full' &ese&)e $ssets! Anot%e& option"oul be to ispl$' p&o6e#t nu(be&s! O& one #oul use t%e #ost #ente& fo& online +ue&ies on $ssets

belon*in* to $ #ost #ente&! In t%is #$se0 ple$se note t%$t $n $sset %$s onl' one $sset ,e'0 but it #oul

be $ssi*ne to (ultiple #ost #ente&s!


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We #$n $lso ente& )$lues fo& t%e )$lue set befo&e #&e$tin* t%e flexfiel st&u#tu&e!

We "ill set up $ one>se*(ent st&u#tu&e fo& t%e Asset 8e' Flexfiel "it% $ ef$ult )$lue fo& t%$t

se*(ent!


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We no" eit t%e st&u#tu&e to ($,e t%e se*(ent &e+ui&e $n *i)e $ #onst$nt ef$ult )$lue of NONE!


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An t%en "e eplo' t%e Asset 8e' Flexfiel!

Location Flexfield

T%e 9o#$tion Flexfiel spe#ifies t%e p%'si#$l lo#$tion of $n $sset!

Ex$(ple7Cost Cente& > @uilin* > Roo(1552>13>154

o&

In)ento&' > Aisle > @o$&

M$n#%este&>A14>H1;

o&

Cost Cente&

111


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E)en t%ou*% one #oul use up to 25 se*(ents > li,e "it% $n' ot%e& ,e' flexfiel > it %$s p&o)en to be

too ($inten$n#e>intensi)e to %$)e $ 9o#$tion Flexfiel "it% (o&e t%$n 2 se*(ents!


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We st$&t $*$in b' settin* up ou& )$lue sets!

Note: We #oul %$)e ($e t%e #it' epenent on t%e #ount&' o& t%e site epenent on t%e #it'0 but

not bot% $s #$s#$in* epenen#ies $&e not possible! He&e "e opte fo& $ epenen#' bet"een

#ount&' $n #it' )$lues sets $n $n inepenent site! We #$n setup $n use #&oss )$li$tion &ules

$n:o& t%e flexfiel s%o&t%$n $li$s $t $ l$te& st$*e!


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An "e set up )$lues fo& ou& lo#$tion )$lue sets!

No" "e st$&t to set up t%e flexfiel st&u#tu&e!

T%e 9o#$tion Flexfiel %$s t%e St$te l$bel0 but $s "e o not %$)e st$te $s $ se*(ent in ou& flexfiel0

"e use t%e #ount&' to $tt$#% t%e st$te l$bel! T%e P&ope&t' T$x Repo&t &e+ui&es t%is l$bel to be set up

fo& t%e lo#$tion flexfiel! T%e P&ope&t' T$x Repo&t "ill so&t t%e $t$ b' st$te se*(ent! In o&e& to use

t%is fun#tion$lit'0 'ou (ust efine "%i#% se*(ent in t%e lo#$tion flexfiel is t%e st$te!

Note: T%e St$te l$bel CANNOT be $tt$#%e to $ epenent se*(ent $s t%e ($ste& se*(ent #$nnotbe pi#,e up in t%is #$se! T%is is "%' "e #$nnot use #it' to $tt$#% t%e st$te l$bel %e&e $s #it' isepenent on #ount&'!


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On#e "e %$)e #&e$te t%e st&u#tu&e0 "e efine t%e st&u#tu&e inst$n#e $n ($,e $ll t%&ee se*(ents

&e+ui&e!

An t%en "e eplo' t%e 9o#$tion Flexfiel!


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2. Manage Asset Keys and ocations

It is $n optional step to set up t%e $sset ,e' $n lo#$tion #o(bin$tions if D'n$(i# #o(bin$tion#&e$tion $llo"eB is #%e#,e fo& t%ese t"o flexfiel fo& Fusion Assets!

W%en #&e$tin* t%e flexfiel st&u#tu&e inst$n#es0 on %$s t%e option to #%e#, t%e #%e#, box D'n$(i#

#o(bin$tion #&e$tion $llo"eB o& to le$)e it un#%e#,e! T%is "ill $llo" en use&s to ente& )$lues $t

&unti(e t%$t p&ou#e ne" #oe #o(bin$tions fo& t%e flexfiel! If not en$ble0 ne" )$li #o(bin$tions

#$n onl' be ente&e usin* t%e #o(bin$tions t$ble fo& t%e flexfiel! So0 if t%e #%e#, box is left

un#%e#,e t%en t%e $llo"e #o(bin$tions %$)e to be ente&e fo& t%e Asset 8e' Flexfiel $n t%e

9o#$tion Flexfiel!


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". Syste# Controls

It is $ mandatory step to set up t%e S'ste( Cont&ols fo& Fusion Assets!

In t%e S'ste( Cont&ols p$*e t%e follo"in* p$&$(ete&s $&e efine7

Enterprise Name: T%e #o(p$n' n$(e ente&e %e&e "ill $ppe$& on $ll &epo&t output!Oldest date-placed in Service: (e$ns t%$t no $sset #$n %$)e $n ole& $te>pl$#e>in>se&)i#e -DPIS.

t%$n "%$t %$s been efine %e&e! T%is fiel is not pdatea!le on#e $ $te %$s been s$)e! T%us one

nees to ete&(ine #$&efull' "%$t $te to #%oose! If one onl' %$s $ssets less t%$n 15 'e$&s ol it ($'

be "ise to $te it b$#, fu&t%e& $s one ($' %$)e to t%e nee to in#lue ole& $ssets in t%e futu&e in

#$se of $ (e&*e&!

T%en t%e "le#$ield Strctres efine befo&e $&e #%osen! T%e' $&e )$li fo& t%e "%ole $ppli#$tion!Note: One #$nnot #%oose $ st&u#tu&e pe& ep&e#i$tion boo,!T%e Startin% Asset Nm!er fo& t%e $uto($ti# nu(be&in* s#%e(e (ust be #%osen!

Note: T%e s'ste( #ont&ols p$&$(ete&s $&e s'ste(>"ie settin*s! It is not possible to $sso#i$teiffe&ent settin*s li,e $sset nu(be&in* o& ente&p&ise n$(e to iffe&ent $sset boo,s: o&*$ni=$tions!

T%e St$&tin* Asset Nu(be& s%oul use $ )$lue t%$t is suffi#ientl' bi* fo& $uto($ti# nu(be&in* use!

Ple$se be $"$&e t%$t t%e $sset nu(be& is $n $lp%$nu(e&i# fiel so t%e listin* "oul be li,e7

1

15

155

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T$,e t%e nu(be& of $ssets t%$t 'ou %$)e:"$nt to #on)e&t $n st$&t "it% t%e next %i*%est potenti$l!

Ex$(ple *i)en7

ou %$)e 455 $ssets0 t%en st$&t "it% $sset nu(be& 15555!

Assets Nu(be&in* "o&,s in t%e follo"in* "$'7


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1! On#e $sset nu(be&in* is i(ple(ente in t%e S'ste( Options0 t%en t%e&e is no "$' of $(enin* t%e$sset nu(be&in* st$&t point t%&ou*% t%is p$*e!


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;! If 'ou le$)e t%e $sset nu(be& fiel bl$n, "%ile $in* $n $sset $n t%en s$)e0 Assets "ill$uto($ti#$ll' *ene&$te t%e $sset nu(be& fo& 'ou! If 'ou nee to use so(e ot%e& nu(be&in*#on)ention0 t%en si(pl' popul$te t%e $sset nu(be& fiel -t%is #oul be $lp%$nu(e&i#.!

2! W%ene)e& Assets *ene&$tes $ nu(be& fo& 'ou $uto($ti#$ll'0 t%e $ssetnu(be& "ill be e+u$l to t%e$sseti0 ie7 t%e l$st se+uen#e nu(be& *ene&$te! T%is "ill be ispl$'e b$#, to 'ou in t%e S'ste(

Options $s t%e l$st nu(be& use!

4! W%en i(ple(entin* Assets0 set t%e St$&tin* nu(be& to t%e &e+ui&e )$lue0 se+uen#eFAADDITIONSS "ill be $uto($ti#$ll' #&e$te to st$&t f&o( t%is nu(be&! FAADDITIONSS is useto *ene&$te t%e $sseti "%et%e& 'ou ($nu$ll' input $n $sset nu(be& o& not0 in eit%e& of t%e$itions fo&(s!

3! It t%e&efo&e follo"s t%$t e)en t%ou*% 'ou& St$&tin* Nu(be& is x0 if 'ou $ t"o $ssets ($nu$ll'nu(be&in* t%e fi&st0 $n le$)in* t%e se#on $ssets nu(be& fiel bl$n,0 t%e ($nu$ll' nu(be&e$sseti "oul be x1 "%ilst t%e $sseti fo& t%e se#on $sset "oul be x;!


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4. Fiscal %ears

It is $ mandatory step to set up $ Fis#$l e$& fo& Fusion Assets!

O&$#le Fusion Assets %$s its o"n #$len$& $s "e nee to be $ble to $te b$#, $s f$& $s t%e olest

$te pl$#e in se&)i#e -DPIS.! @ut befo&e "e efine t%e #$len$&-s. "e ete&(ine t%e &$n*e of t%efis#$l 'e$&s! We efine t%e be*innin* $n en of e$#% fis#$l 'e$&! T%e fis#$l 'e$& *&oups t%e

$##ountin* pe&ios! If usin* $ 4>4>3 #$len$&0 t%e st$&t $n en $tes #%$n*e e)e&' 'e$&! C&e$te fis#$l

'e$&s f&o( t%e olest $te pl$#e in se&)i#e -DPIS. t%&ou*% $t le$st one fis#$l 'e$& be'on t%e #u&&ent

fis#$l 'e$&! Note: Dep&e#i$tion "ill f$il if t%e #u&&ent fis#$l 'e$& is t%e l$st fis#$l 'e$&!

We *i)e t%e Fis#$l e$& $ n$(e $n $ es#&iption $n t%en #li#, on t%e *&een plus button to $ t%e

st$&t $n en $tes fo& t%e 'e$&s!

If not usin* $ 4>4>3 #$len$& "it% #%$n*in* st$&t $n en $tes0 one nees to ente& t%e fi&st line $n

#$n t%en #li#, on t%e *&een plus button $n t%e &o"s $&e $uto>fille $s t%e s'ste( une&st$ns t%e

lo*i#! T%e Mi e$& St$&t D$te is use fo& $ Dep&e#i$ble @$sis Rule to suppo&t t%e ep&e#i$tion

&e+ui&e(ents of t%e H$lf e$& Rule in Ini$! W%et%e& one #%ooses to ente& t%e Mi e$& St$&t D$te o&

not0 it %$s no be$&in* $t $ll if not usin* t%e e$& En @$l$n#e "it% H$lf e$& Rule Dep&e#i$ble @$sis

Rule!


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5. &rorate and 'e(reciation Calendars

It is $ mandatory step to set up $t le$st one #$len$& to be use $s Dep&e#i$tion $n P&o&$teC$len$& fo& Fusion Assets!

C$len$&s b&e$, o"n t%e fis#$l 'e$& into $##ountin* pe&ios! One #$n set up $s ($n' #$len$&s $s

neee! E$#% $sset ep&e#i$tion boo, &e+ui&es $ ep&e#i$tion #$len$& $n $ p&o&$te #$len$&!

T%e ep&e#i$tion #$len$& ete&(ines t%e nu(be& of $##ountin* pe&ios in $ fis#$l 'e$&0 $n t%e

p&o&$te #$len$& ete&(ines t%e nu(be& of p&o&$te pe&ios in t%e fis#$l 'e$&!

T%e P&o&$te #$len$& ete&(ines "%$t &$te O&$#le Assets uses to #$l#ul$te $nnu$l ep&e#i$tion b'

($ppin* e$#% $te to $ p&o&$te pe&io0 "%i#% #o&&espons to $ set of &$tes in t%e &$te t$ble!

One #$n use one #$len$& fo& (ultiple ep&e#i$tion boo,s0 $n $s bot% t%e ep&e#i$tion $n p&o&$te

#$len$& fo& $ boo,! Co&po&$te boo,s #$n s%$&e t%e s$(e #$len$&! A t$x boo, #$n %$)e $ iffe&ent

#$len$& t%$n its $sso#i$te #o&po&$te boo,!

Fo& ex$(ple0 'ou (i*%t set up $ (ont%l' #$len$& fo& fin$n#i$l &epo&tin* $n $ +u$&te&l' #$len$& fo&

t$x &epo&tin*!

Note: T%e #$len$& fo& t%e t$x boo, (ust use t%e s$(e fis#$l 'e$& n$(e $s t%e #$len$& fo& t%e

$sso#i$te #o&po&$te boo,!

T%e ep&e#i$tion p&o*&$( uses t%e p&o&$te #$len$& to ete&(ine t%e p&o&$te pe&io "%i#% is use to

#%oose t%e ep&e#i$tion &$te! T%e ep&e#i$tion p&o*&$( uses t%e ep&e#i$tion #$len$& $n i)ie

ep&e#i$tion fl$* to ete&(ine "%$t f&$#tion of t%e $nnu$l ep&e#i$tion expense to t$,e e$#% pe&io!

Fo& ex$(ple0 if 'ou %$)e $ (ont%l' ep&e#i$tion #$len$&0 O&$#le Assets #$l#ul$tes 1:1; t% of t%e

$nnu$l ep&e#i$tion e$#% ti(e 'ou &un t%e ep&e#i$tion!

One (ust set up $ll #$len$&s f&o( t%e pe&io #o&&esponin* to t%e olest $te pl$#e in se&)i#e to t%e

#u&&ent pe&io! At t%e en of e$#% fis#$l 'e$&0 O&$#le Assets $uto($ti#$ll' sets up t%e pe&ios fo& t%e

next fis#$l 'e$&! If usin* $ 4>4>3 #$len$&0 it is "ise to set up t%e #$len$& pe&ios ($nu$ll' fi&st $s t%e

s'ste( ($' not follo" t%e lo*i# of t%$t #$len$& #o&&e#tl'!


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In t%e pe&io suffix box0 sele#t Fis#$l o& C$len$& to $ppen t%e $##ountin* pe&io n$(e! Fo& ex$(ple0

if t%e fis#$l 'e$& &uns f&o( Gune 1 to M$' 21 $n t%e #u&&ent $te is Gul' 130 ;5120 t%e #$len$& 'e$& is

;512 $n t%e fis#$l 'e$& is ;514! If 'ou spe#if' FISCA90 t%e pe&io n$(e is GU9>14! If 'ou spe#if'

CA9ENDAR0 t%e pe&io n$(e is GU9>12! In ou& #$se t%e fis#$l 'e$& is set up f&o( G$nu$&'1st toDe#e(be& 21

stso t%e pe&io suffix is t%e s$(e "%et%e& it is FISCA9 o& CA9ENDAR! C%oose t%e

pe&ios pe& 'e$&0 23 fo& $ $il' p&o&$te #$len$& $n pi#, t%e Fis#$l e$&! T%en #li#, on t%e *&eenplus button to $ t%e pe&ios st$&tin* f&o( t%e olest $te pl$#e in se&)i#e!

W%ile efinin* t%e pe&ios in $ fis#$l 'e$& ($,e su&e to efine $ll pe&ios "it%out $n' *$ps in t%$tfis#$l 'e$&! M$,e su&e t%$t t%e le$p 'e$& Feb&u$&' ; No ep&e#i$tion in t%e fis#$l 'e$& t%e &eti&e(ent $te f$lls into

Note: If usin* $ $il' p&o&$te #on)ention0 t%en $ $il' p&o&$te #$len$& nees to be $tt$#%e to t%$t$sset boo,!

On#e t%e p&o&$te pe&ios $&e s$)e0 t%e onl' "$' to #o&&e#t t%e( is to elete t%e( f&o( t%e (ost

&e#ent b$#,"$&s )i$ t%e &e #&oss button $n t%en set up f&o( t%e one to be #o&&e#te $*$in! Note:

Gust li,e "it% t%e #$len$& pe&ios0 one #$n onl' elete t%e( in t%e p$*e $s f$& b$#, $s &i*%t $fte& t%e

#u&&ent open pe&io in

Fo& fu&t%e& &efe&en#e on t%e setup $n use of p&o&$te #on)entions0 ple$se &e)ie" $lso t%e E@S note

T%e Wone&ful Wo&l of P&o&$te Con)entions W%ite P$pe& ID 1132;2!1J!


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,. 'e(reciation Met-ods

Seee ep&e#i$tion (et%os exist0 so it epens on t%e &e+ui&e(ents "%et%e& it is $ mandatory o&

optional step to set up Dep&e#i$tion Met%os fo& Fusion Assets!

Fusion Assets #$l#ul$tes t%e $nnu$l ep&e#i$tion $(ount $n t%en sp&e$s it o)e& t%e ep&e#i$tion

pe&ios "it%in t%e 'e$&! T%e follo"in* (et%o t'pes exist7

Calclated? St&$i*%t>line (et%o fo& "%i#% seee li)es exist! C$l#ul$te (et%os sp&e$ t%e $sset)$lue e)enl' o)e& t%e life!

"lat? A fl$t peent$*e ep&e#i$tion (et%o ep&e#i$tin* o)e& ti(e "it% $ fixe &$te

Ta!le? T%e $nnu$l ep&e#i$tion &$te is t$,en f&o( $ t$ble

"ormla > T%e $nnu$l ep&e#i$tion is #$l#ul$te b$se on $ use&>efine fo&(ul$

)rodction? Dep&e#i$tion #$l#ul$te b$se on units of p&ou#tion in &el$tion to t%e p&ou#tion#$p$#it'

Anot%e& ete&(in$nt fo& t%e ep&e#i$tion (et%o is t%e C$l#ul$tion @$sis0 ie "%et%e& ep&e#i$tion is

#$l#ul$te b$se on #ost o& on Net @oo, V$lue -N@V.! Fusion Assets p&o)ies t%e Dep&e#i$ble Rules

fe$tu&e to $##o((o$te ep&e#i$tion (et%o setup &e+ui&e(ents not (et b' t%e Cost o& N@V

#$l#ul$tion b$sis t'pes! T%e #o(bin$tion of ep&e#i$ble b$sis &ule $n ep&e#i$tion (et%o

ete&(ines %o" ep&e#i$ble b$sis $n ep&e#i$tion expense $&e e&i)e!

SL

T%ese $&e so(e seee st&$i*%t>line (et%os7


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One #$n $ (o&e st&$i*%t>line (et%os if (o&e t%$n t%e seee li)es -'e$&s $n (ont%s. $&e

neee!

A ne" fe$tu&e is t%e 9ife In Pe&ios! In st&$i*%t>line ep&e#i$tion (et%o0 t%e $sset #ost is $(o&ti=e

e)enl' o)e& t%e useful life of t%e $sset! Fusion Assets ep&e#i$tion p&o*&$( #$l#ul$tes $nnu$l

ep&e#i$tion &$te b' i)iin* t%e one b' life in 'e$&s!

T%e useful life is no&($ll' exp&esse in #$len$& 'e$&s $n (ont%s! As e$#% #$len$& 'e$& %$s 1;

(ont%s0 Fusion Assets #$l#ul$tes t%e ep&e#i$tion &$te $ssu(in* t%$t nu(be& of (ont%s pe& 'e$& $s1;! T%e fis#$l 'e$& of $n ente&p&ise is e#ie b' t%e &epo&tin* &e+ui&e(ents $n t$x &e*ul$tions! T%e

pe&io in $ fis#$l 'e$& ($' not #o&&espon to #$len$& (ont% $n ($' ex#ee o& less t%$n 1;! T%elife of t%e $ssets #$n $lso be exp&esse in nu(be& of pe&ios &$t%e& t%$n #$len$& 'e$&s $n (ont%s!

T%e #ost of t%e $sset #$n no" be $(o&ti=e o)e& t%e pe&ios &$t%e& t%$n #$len$& (ont%s! T%e

ep&e#i$tion &$te "ill be #$l#ul$te b' i)iin* one b' t%e life in pe&ios! Fo& ex$(ple if $n ente&p&iseBs

fis#$l 'e$& is G$n to De# $n %$s 12 pe&ios! T%e ente&p&ise %$s $#+ui&e ($#%ine&' fo& K555!55!

T%e esti($te useful life of t%e ($#%ine&' is 2 'e$&s i!e! 2< pe&ios! T%e ep&e#i$tion &$te is 1:2< L5!5; $n t%e pe&ioi# ep&e#i$tion is K132!3!

Flat !ate

Fl$t R$te Met%os #$n be b$se on Cost o& N@V! T%e Dep&e#i$ble @$sis ef$ults to Use Re#o)e&$ble

Cost! If usin* C$l#ul$tion @$sis N@V0 t%e ef$ult Dep&e#i$tion @$sis Rule is Use T&$ns$#tion Pe&io@$sis! As t%e &$te is fixe0 no life nees to be spe#ifie0 but $ &$te of 15 on #ost "oul e+u$l

st&$i*%t>line 15 'e$&s $n 5 (ont%s!


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able "ased

Fo& t$ble b$se (et%os b$se on #ost t%e &$tes pe& 'e$& $l"$'s nee to $ up to 1 $s in t%e $bo)e

ex$(ple0 e* 'e$& 1 pe&io 1 &$te !3 plus 'e$& ; pe&io 1 &$te !3 e+u$ls 1 so fo& 'e$& 2 pe&io 1 t%e &$te

is 5!

To ete&(ine t%e &$tes0 #$l#ul$te $n $nnu$l ep&e#i$tion &$te fo& e$#% fis#$l 'e$& of $n $ssets life0 fo&

e$#% pe&io in 'ou& p&o&$te #$len$&! T%is &$te is t%e $nnu$l &$te fo& t%e 'e$& fo& $n $sset "%e&e t%e

p&o&$te $te f$lls into t%is p&o&$te pe&io! ou o not nee to #$l#ul$te t%e ep&e#i$tion &$te fo& e$#%

ep&e#i$tion pe&io in e$#% 'e$& of t%e $sset life! ou onl' ente& $nnu$l ep&e#i$tion &$tes in t%e

Annu$l R$te fiel of t%e R$tes "ino"! T%e ep&e#i$tion p&o*&$( uses t%is $nnu$l ep&e#i$tion &$te to

ete&(ine t%e f&$#tion of $n $sset #ost o& net boo, )$lue to $llo#$te to t%is fis#$l 'e$&! It t%en uses t%eep&e#i$tion #$len$& $n i)ie ep&e#i$tion fl$* to sp&e$ t%e $nnu$l ep&e#i$tion o)e& t%e

ep&e#i$tion pe&ios of t%e fis#$l 'e$&!

Formula

Fusion Assets offe&s t%e $bilit' to #&e$te use&>efine ep&e#i$tion (et%os b$se on oneBs o"n

fo&(ul$! T%e ex$(ple *i)en %e&e is $ ouble e#linin* (et%o "it% $ s"it#% to st&$i*%t>line! T%is

(et%o #o(p$&es "%i#% ep&e#i$tion $(ount "ill be *&e$te&0 t%e e#linin* o& t%e st&$i*%t line -ST9.

$(ount $n t%en s"it#%es f&o( e#linin* to st&$i*%t>line in t%e 'e$& "%en t%$t ep&e#i$tion $(ount is

*&e$te&!


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T%e fo&(ul$ #$n be teste $n so $lso &e"o&,e befo&e s$)in* it7

#nit of $roduction

Units of p&ou#tion (et%os ep&e#i$te t%e $sset #ost b$se on $#tu$l use o& p&ou#tion e$#% pe&io!

T%e Units of p&ou#tion ep&e#i$tion (et%o iffe&s f&o( ot%e& (et%os be#$use it b$ses ep&e#i$tion

onl' on %o" (u#% t%e $sset is use!


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!. onus *ules

It is $n optional step to set up @onus Rules fo& Fusion Assets!

A bonus &ule #$n %$)e $ iffe&ent bonus &$te fo& e$#% 'e$& of t%e $ssets life! One #$n (oif' t%e &$te

$t $n' ti(e fo& #u&&ent $n futu&e fis#$l 'e$&s! One #$n use bonus &ules "it% #o&po&$te boo,s $s "ell

$s t$x boo,s! @onus &$tes in#&e$se t%e $nnu$l ep&e#i$tion expense fo& $ssets usin* fl$t>&$te0

st&$i*%t>line0 t$ble>b$se0 $n fo&(ul$>b$se ep&e#i$tion (et%os! Fusion Assets $lso $llo"s t%e set

up of ne*$ti)e bonus &$tes to $(o&ti=e bonus &ese&)e!

Fo& &epo&tin* pu&poses0 'ou #$n set t%e bonus 'e$& $n &$te to 5! Fusion Assets oes not #$l#ul$te

$n' bonus expense!

T%e One>Ti(e Dep&e#i$tion #%e#, box to li(its bonus &ules to one fis#$l 'e$&!


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1$. Ceilings

It is $n optional step to set up Ceilin*s fo& Fusion Assets!

One #$n li(it t%e &e#o)e&$ble #ost use to #$l#ul$te $nnu$l ep&e#i$tion expense! One #$n ente& $#eilin* onl' fo& $ssets in t$x ep&e#i$tion boo,s $n one #$n ente& $ ep&e#i$tion #eilin* onl' fo&

$ssets in boo,s t%$t $llo" ep&e#i$tion #eilin*s! Dep&e#i$tion #eilin*s fo& $ boo, $&e en$ble in t%e

M$n$*e @oo,s p$*e!

Dep&e#i$tion #eilin*s li(it t%e ep&e#i$tion expense 'ou #$n t$,e fo& $n $sset! Set up ep&e#i$tion

expense #eilin*s to li(it t%e $nnu$l $(ount of ep&e#i$tion expense 'ou #$n t$,e on $n $sset! O& set

up ep&e#i$tion #ost #eilin*s to li(it t%e &e#o)e&$ble #ost of $n $sset!

*epreciation E#pense Ceilin%s: Use t%e Ceilin*s "ino" to efine 'ou& ep&e#i$tion expense#eilin*s! If 'ou $&e sub6e#t to Unite St$tes t$x l$"0 'ou (ust set up ep&e#i$tion #eilin*s fo& luxu&'

$uto(obiles!

*epreciation Cost Ceilin%s: If 'ou o business in $ #ount&' "%i#% &e+ui&es #ost #eilin*s0 su#% $sAust&$li$0 'ou #$n li(it t%e #ost O&$#le Assets uses to #$l#ul$te ep&e#i$tion! W%en 'ou use $ #ost#eilin*0 O&$#le Assets b$ses ep&e#i$tion expense on t%e lesse& of t%e #ost #eilin* $n t%e $sset #ost!

*e$alt > If 'ou s,ip t%is step0 ep&e#i$tion expense "ill not be li(ite b' ep&e#i$tion #eilin*s!


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11.Fixed Assets oo/u(s

It is $n optional step to set up 9oo,ups fo& Fusion Assets!

T%e list une& S%$&e Ob6e#ts in#lues $ll 9oo,ups use in Fusion Assets7

Ho"e)e&0 it ($,es sense to $ loo,up #oes to onl' t%e follo"in*7

P&ep$&e Asset Des#&iption0 M$ss Aitions Rules0 Unpl$nne Dep&e#i$tion0 $n Reti&e(ents $s t%e&e

is $l&e$' fun#tion$lit' be%in t%e ot%e&s!


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12. Asset 'e(reciation oo/

It is $ mandatory step to set up Dep&e#i$tion @oo,s fo& Fusion Assets!

In t%e M$n$*e @oo,s p$*e one #$n set up $n unli(ite nu(be& of inepenent ep&e#i$tion boo,s!E$#% boo, %$s its o"n set of $##ountin* &ules $n $##ounts so one #$n o&*$ni=e $n i(ple(ent ones

fixe $ssets $##ountin* poli#ies!

W%en efinin* $ t$x boo,0 $n $sso#i$te #o&po&$te boo, (ust be spe#ifies! One #$n ($ss #op'

$ssets $n t&$ns$#tions f&o( t%e soue boo, into t%e t$x boo,! One spe#ifies t%e #u&&ent open pe&io0

$n Initi$l M$ss Cop' #opies e$#% $sset into t%e t$x boo, f&o( t%e #o&po&$te boo, $s of t%e en of

t%$t fis#$l 'e$& in t%e #o&po&$te boo,!

An $sset #$n %$)e iffe&ent fin$n#i$l info&($tion $n ep&e#i$tion &ules in e$#% boo,! Fo& ex$(ple0

'ou #$n ($,e t%e $sset #ost in 'ou& t$x boo, iffe&ent f&o( t%e #ost in t%e $sso#i$te #o&po&$te boo,!

@e#$use t%e boo,s $&e inepenent0 'ou #$n &un ep&e#i$tion fo& e$#% boo, on $ iffe&ent s#%eule!

In O&$#le Fusion Assets0 use& $##ess to t%e $t$ is se#u&e $t t%e $sset boo, le)el! E$#% use& #$n

)ie" $n up$te t%e $ssets onl' in t%e $sset boo, to "%i#% t%e' %$)e $##ess!

An $sset #$n belon* to $n' nu(be& of t$x boo,s0 but (ust belon* to onl' one #o&po&$te boo,! Ne" o&

existin* $ssets (ust fi&st be $e to $ #o&po&$te boo, $n t%en #$n be e$sil' #opie to $ll t%e

$sso#i$te t$x boo,s!

ou #$n set up (ultiple #o&po&$te boo,s t%$t #&e$te 6ou&n$l ent&ies fo& iffe&ent le*e&s0 o& fo& t%e

s$(e le*e&! In eit%e& #$se0 'ou (ust &un ep&e#i$tion $n #&e$te 6ou&n$l ent&ies fo& e$#% boo,! Fo&e$#% #o&po&$te boo,0 'ou #$n set up (ultiple t$x boo,s $n $sso#i$te $ll of t%e( to t%e #o&po&$te

boo,!


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Co&po&$te boo,-s. %$)e to be set up fi&st if pl$nnin* to set up t$x boo,-s.! /i)e t%e boo, $ uni+uename $n description pi#, t%e !oo+ class $n t%e $sso#i$te led%er! Pi#, t%e *epreciation $n)rorate Calendar efine e$&lie&! @e #$&eful "it% t%e Crrent )eriod $s t%is "ill be t%e fi&st pe&ioep&e#i$te $n it #$nnot be #%$n*e!Dete&(ine "%et%e& $nnu$l ep&e#i$tion s%oul be i)ie evenly o)e& t%e ep&e#i$tion pe&ios o&

"%et%e& it s%oul be i)ie !y days in t%e pe&ios! ou #$n pi#, to$'Bs $te $n ti(e fo& ,ast

*epreciation Rn!

*epreciate i$ retired in t&e $irst year? T%is option is self>expl$n$to&'! If it is not #%e#,e0 t%en t%es'ste( "ill b$#, out t%e 'e$&>to>$te -TD. ep&e#i$tion t$,en in t%e fis#$l 'e$& "%en t%e $sset is&eti&e

Allo' amortied c&an%es? C%e#, t%e Allo" A(o&ti=e C%$n*es #%e#, box to $llo" $(o&ti=e#%$n*es in t%is boo,!

Allo' cost si%n c&an%es? T%is ini#$tes "%et%e& to $llo" $6ust(ents t%$t #%$n*e t%e #ost on $n$sset f&o( positi)e to ne*$ti)e o& f&o( ne*$ti)e to positi)e

Allo' Impairment? C%e#, t%e Allo" I(p$i&(ents #%e#, box if 'ou "$nt to $llo" i(p$i&(ents to bepe&fo&(e in t%is ep&e#i$tion boo,

Allo' led%er postin%? C%e#, t%e Allo" le*e& postin* #%e#, box if 'ou "$nt to be $ble to sen

6ou&n$ls to /ene&$l 9e*e& -/9. f&o( Assets

Capital Gain T&res&old Years.Mont&s? T%is is t%e (ini(u( ti(e $n $sset is %el to be &epo&te $s$ #$pit$l *$in "%en &eti&e

Inactive On? T%e ep&e#i$tion boo, is no lon*e& $#ti)e $n us$ble on#e $ $te %$s been ente&e int%is fiel! Note: On#e $ $te %$s been ente&e $n s$)e0 t%e boo, CANNOT be $#ti)$te $*$in!


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Annal *epreciation Rondin%? T%is #ont&ols "%et%e& o& not $nnu$l &ounin* is pe&fo&(e fo&$ssets!

Wit% Rest&i#tions7 En of t%e 'e$& $6ust(ents $&e pe&fo&(e fo& $ssets t%$t %$)e no $6ust(ents0&e)$lu$tions0 &eti&e(ents0 t&$nsfe&s0 o& $itions "it% $##u(ul$te ep&e#i$tion in t%e #u&&ent fis#$l'e$&! T%is is t%e ef$ult!

Al"$'s7 Annu$l &ounin* is pe&fo&(e $t t%e en of t%e 'e$&0 e)en if t%e $ssets %$)e been $e "it%$##u(ul$te ep&e#i$tion0 $6uste0 &e)$lue0 &einst$te0 o& t&$nsfe&&e in t%e #u&&ent fis#$l 'e$&!

-No V$lue.7 E+ui)$lent to Wit% Rest&i#tions

/se )aya!les invoice date as date placed in service ? En$bles 'ou to use t%e Futu&e T&$ns$#tions

fe$tu&e b' $llo"in* t%e ef$ult $te>pl$#e>in>se&)i#e to be t%e in)oi#e $te0 e)en "%en t%e in)oi#e

$te is in $ futu&e $##ountin* pe&io! If 'ou #%e#, t%is #%e#, box0 Fusion Assets ef$ults t%e $te>

pl$#e>in>se&)i#e to t%e in)oi#e $te fo& futu&e t&$ns$#tions! If 'ou le$)e t%is #%e#, box un#%e#,e0

Fusion Assets oes not ef$ult t%e $te>pl$#e>in>se&)i#e to t%e in)oi#e $tes0 $n 'ou #$nnot use t%e

Futu&e T&$ns$#tions fe$tu&e!

/se N01 t&res&old $or depreciation? Allo"s 'ou to e#ie "%et%e& to ep&e#i$te $ssets usin* $ep&e#i$tion t%&es%ol! T%is option $##o((o$tes spe#ifi# G$p$nese business &ules! In *ene&$l0 'ou&s'ste( s%oul ep&e#i$te usin* t%e ep&e#i$tion t%&es%ol!

Accont *e$alts? T%is is t%e ef$ult #oe #o(bin$tion use $s $ soue fo& Suble*e& A##ountin*

-S9A. "%e&e t%is $##ount #oe #o(bin$tion is $n $##ount #o(bin$tion &ule #$lle @oo, Cont&ols

Def$ult A##ount!

Fo& fu&t%e& et$ils on Suble*e& A##ountin* in Fusion Assets see W%ite P$pe& > Suble*e& A##ountin*

Setup fo& O&$#le Fusion Assets ID 12


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Defe&&e Dep&e#i$tion Expense $n Defe&&e Dep&e#i$tion Rese&)e $&e $##ounts use "%en #&e$tin*

onl' efe&&e ep&e#i$tion 6ou&n$ls inste$ of t%e full st$n$& 6ou&n$ls! So0 fo& $ #o&po&$te boo, one

#$n $#tu$ll' use u(('B $##ounts!

In t%e Rules =one of t%e C&e$te @oo, p$*e one #$n use t%e Refe&en#e D$t$ Sets0 seee o&

p&e)iousl' set up! If usin* /&oup Dep&e#i$tion0 t%en t%e /&oup Rules $&e $lso set up in t%e Rules =oneof t%e Rules =one of t%e C&e$te @oo, p$*e!

Allo' Grop *epreciation? En$bles t%e use of *&oup $n (e(be& $ssets fo& $ ep&e#i$tion boo,!T%is option #$n be #%e#,e $t $ l$te& $te0 but it #$nnot be is$ble on#e *&oup:(e(be& $ssets $&e$e to t%e boo,!

Allo' CI) mem!ers? If t%is #%e#, box is #%e#,e0 t%en CIP $ssets $&e $llo"e to be $e to *&oup

$ssets!

Allo' CI) *epreciation? C%e#, t%is #%e#, box to $llo" ep&e#i$tion of (e(be& CIP $sset #ost! T%isoption #$n onl' be #%e#,e if CIP (e(be&s $&e $llo"e!

Allo' Mem!er Trac+in%? Allo"s (e(be& $sset t&$#,in* fo& *&oup ep&e#i$tion! If 'ou nee to t&$#,ep&e#i$tion onl' on t%e *&oup le)el t%en DO NOT #%e#, t%is option!

Allo' Intercompany Mem!er > C%e#, t%is #%e#, box to $llo" t%e *&oup $sset $n its (e(be& $ssets

to %$)e $ iffe&ent b$l$n#in* se*(ent )$lue! If t%e #%e#, box is not #%e#,e0 t%e *&oup $sset $n

e$#% of its (e(be& $ssets (ust %$)e t%e s$(e b$l$n#in* se*(ent )$lue!

On#e t%e ne" $sset boo, is s$)e0 *ene&$te data roles o& )e&if' t%e data roles if $l&e$' *ene&$te

fo& t%e boo,! To #o(plete t%e setup fo& t%e boo, 'ou $lso %$)e to p&o)ie t%ese &ole-s. to t%e

i(ple(ent$tion use&s fo& t%e Asset @oo,-s.! See $lso C$n Not M$nu$ll' C&e$te An Asset! C$n Not

Sele#t T%e Dep&e#i$tion @oo, ID 13;;QQ!1J!


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W%en settin* up $ t$x boo, $n #%oosin* t%e @oo, Cl$ss T$x0 $ t%i& t$b $ppe$&s in t%e Rules one

"it% options fo& t%e t$x boo,7

Note7 As "e pl$n to #&e$te st$n$& 6ou&n$l ent&ies f&o( t%e t$x boo,0 "e $&e usin* iffe&ent $##ounts

t%$n in t%e #o&po&$te boo,!

Allo' CI) Assets? Allo"s CIP $ssets to exist $lso in t%e t$x boo,! Note7 T%e' $&e not #opie )i$M$ss Cop'0 but *et #&e$te0 $6uste0 et#! $t t%e s$(e ti(e t%e CIP $sset is up$te )i$ API! Onl'on#e t%e $sset is #$pit$li=e $&e t%e t&$ns$#tions #opie )i$ M$ss Cop' to t%e t$x boo,!

Allo' cost.e#pense ceilin%s? Allo"s to li(it t%e &e#o)e&$ble #ost use to #$l#ul$te $nnu$lep&e#i$tion expense! See t%e #%$pte& on #eilin*s $bo)e!

Copy salva%e vale? If $ssets %$)e s$l)$*e )$lue t%en if t%is #%e#, box is #%e#,e0 it "ill be #opieto t%e t$x boo,!

Copy %rop asset additions $n Copy mem!er asset assi%nments? If /&oup Dep&e#i$tion is$llo"e fo& t%e t$x boo,0 /&oup $sset $itions *et #opie to t%e t$x boo, if #%e#,e $n $sset$ssi*n(ents $s (e(be&s to $ *&oup $sset $&e $lso #opie if #%e#,e!

Allo' Mass Copy? Dete&(ines if $n' t&$ns$#tions $&e #opie $t $ll to t%e t$x boo, )i$ M$ss Cop'! Ift%is option is #%e#,e0 t%en one #$n e#ie "%et%e& to #%e#, $lso to #op' $itions0 $6ust(ents0$n &eti&e(ents!

Copy c&an%es '&en cost is not sync&ronied? If t%e #ost in t%e t$x boo, is not in s'n#% "it% t%$t

in t%e #o&po&$te boo, of $n $sset0 i!e! ($nu$l t&$ns$#tions "e&e pe&fo&(e in t%e t$x boo, onl' t%$t

$ffe#te #ost0 t%en no fu&t%e& t&$ns$#tion on t%e $sset "oul *et #opie to t%e t$x boo, if t%is option is

not #%e#,e!


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Copy amortied additions and ad2stments as e#pensed? If #%e#,e0 A(o&ti=e$itions:$6ust(ents "ill be #opie to t%e t$x boo, $s Expense t&$ns$#tions!


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1". Cas- Generating 0nits CG0s

It is $n optional step to set up C$s% /ene&$tin* Units fo& $ ep&e#i$tion boo,!

If I(p$i&(ents %$)e been $llo"e fo& $ ep&e#i$tion boo,0 t%en one #$n $lso set up C$s% /ene&$tin*Units -C/U. if neee! One #$n efine $s ($n' C/Us $s neee fo& t%e boo,!

Ente& t%e n$(e of t%e #$s% *ene&$tin* unit0 t%e C/U n$(e %$s to be uni+ue! T%en #%oose t%e boo, in

"%i#% t%e C/U is to be use! T%e es#&iption fiel is use fo& es#&ibin* t%e #$s% *ene&$tin* unit! T%e

En$ble #%e#, box ini#$tes "%et%e& t%e C$s% /ene&$tin* Unit is in use o& not! T%is fiel is option$l!


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14. 'istri3ution Sets

It is $n optional step to set up Dist&ibution Sets fo& Fusion Assets!

If f&e+uentl' t%e s$(e $ssi*n(ent sets $&e use0 t%en one #$n set up $ Dist&ibution Set tof$#ilit$te $t$ ent&'!

/i)e t%e set $ (e$nin*ful n$(e $n es#&iption! Pi#, t%e boo, $n option$ll' &est&i#t t%e us$*e to

spe#ifi# $tes pl$#e in se&)i#e! T%en in t%e Dist&ibution =one $ssi*n e$#% &o" $ peent$*e "%i#%

(ust $ up to 155 in t%e tot$l! Ente&:pi#, t%e Expense A##ount $n:o& 9o#$tion $n:o& E(plo'ee!


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15. Fixed Assets &rofile (tions

It is $n optional step to set up P&ofile Options fo& Fusion Assets!

0atc& Sie > T%e b$t#% si=e use fo& bul, p&o#essin* in ($ss p&o#esses!

Cac&e Siin% "actor > Cont&ols t%e $(ount of $t$b$se info&($tion &et$ine in $ 6ob fo&

pe&fo&($n#e i(p&o)e(ent! T%e &$n*e is 5 to ;30 $n t%e ef$ult )$lue is ;3 'ou o not nee to

up$te t%is option!

*e$alt 0oo+? Def$ults t%e boo, #%osen fo& $ll boo, fiels "%en ente&in* $ t&$ns$#tion! T%eoption #$n be set fo& site0 p&ou#t o& use& le)el!

*epreciation Sin%le > T%is p&ofile option #ont&ols t%e #$#%in* buffe& use "%en 'ou &un

ep&e#i$tion! ou #$n set t%e buffe& to eit%e& No -;5. o& es -1.!

)ost online transactions 'it&ot s!mittin% a 2o!? If t%e option is set to 'es t%e postin* #oeis in)o,e &$t%e& t%$n 6ust inse&tin* to t%e inte&f$#e $n efe&&in* p&o#essin* to $n ESS 6ob! It is

not recommended to set t%e option to 'es fo& pe&fo&($n#e &e$sons!

)arallel Re3est Nm!er > Cont&ols t%e nu(be& of &e+uests 'ou &un in p$&$llel fo& t%ose Fusion

Assets p&o*&$(s t%$t #$n &un in p$&$llel! Fo& ex$(ple0 use t%is p&ofile option to &un p$&$llel

ep&e#i$tion p&o#esses! W%en 'ou &un t%e p&o#ess0 Fusion Assets sp$"ns $ p$&ent p&o#ess "it%

se)e&$l #%il p&o#esses! Note t%$t t%e P$&ent ID nu(be& is ienti#$l to t%$t of t%e Gob ID in t%e

Vie" Gobs p$*e!

Ente& $ nu(be& bet"een 1 $n ;5 to spe#if' t%e ($xi(u( nu(be& of p$&$llel &e+uests 'ou "$nt

to $llo"! T%e p$&ent p&o#ess is not in#lue in t%is nu(be&! Do not use $ %i*%e& nu(be& t%en t%e

nu(be& of CPUs on t%e se&)e&!

Timin% *ia%nostics > Ini#$tes "%et%e& ti(in* i$*nosti# (ess$*es $&e p&inte in 6ob p&o*&$(lo* files! T%is p&ofile option is use b' Suppo&t $s $ tool to ientif' $ p&oble( "it% t%e #oe!


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es7 En$bles p&intin* of ti(in* info&($tion

No7 Dis$bles p&intin* of ti(in* info&($tion


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1). Asset Categories

It is $ mandatory step to set up Asset C$te*o&ies fo& Fusion Assets!

We st$&te t%e Fusion Assets setup "it% t%e t%&ee ,e' flexfiels! Ou& l$st step "ill no" be to lin, t%e$sset #$te*o&' flexfiel )$lues "it% t%e ep&e#i$tion boo,-s. $n t%e ef$ult settin*s!

T%e C&e$te:Eit C$te*o&' p$*e is i)ie into 2 =ones! At t%e top "e efine t%e #$te*o&'0 t%e next

=one lin,s t%e ep&e#i$tion boo, to t%e #$te*o&' $n in t%e t%i& =one t%e #$te*o&' $##ounts $n

ef$ults $&e efine!

Capitalied? T%e $ssets une& t%is #$te*o&' $&e ep&e#i$te! If 'ou pl$n to sen expense ite(s tot%e #o&po&$te boo,0 t%en 'ou nee (ini(u( one #$te*o&' "%e&e t%is #%e#, box is un#%e#,e! Note7Expense ite(s #$nnot be #opie to t$x boo,s!

Ena!led? One #$nnot $ $ssets to $ #$te*o&' "%i#% is not en$ble! All $ssets une& $ #$te*o&' tobe is$ble "oul %$)e to be #%$n*e to $ iffe&ent0 en$ble0 #$te*o&'!

In p&ysical inventory? Def$ults to $ll $ssets #&e$te "it% t%is #$te*o&'0 t%ese $ssets "ill be $llo"e

to be liste in t%e p%'si#$l in)ento&'

In t%e @oo,s se#tion of t%e p$*e one #$n $ $ ne" line )i$ t%e *&een plus button $n t%en pi#, t%e

$sset boo, f&o( t%e list! On#e $ boo, is #%osen one nees to ente& t%e $##ounts! T%e ones ($&,e

"it% $ $&e ($n$to&'! If ep&e#i$tin* i&e#tl' t%en one #$n ente& t%e s$(e $##ount fo& Asset Cost

$n Dep&e#i$tion Rese&)e -$##u(ul$te ep&e#i$tion.! W%en #%e#,in* t%e *e$alt *epreciation

E#pense Com!ination #%e#, box %e&e0 t%e expense $##ount in t%e Assi*n(ents =one *ets t%e

$##ount se*(ent ef$ulte f&o( t%e $sset #$te*o&' "%en $in* $n $sset!


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Une& t%e Def$ult Rules t%e st$&tin* D$te Pl$#e in Se&)i#e is &$"n f&o( t%e Olest D$te Pl$#e in

Se&)i#e f&o( t%e S'ste( Cont&ols p$*e! If &ules #%$n*e one nees to inse&t $ ne" &o" )i$ t%e *&een

plus button en>$tin* t%e p&io& ef$ult &ules! T%e Dep&e#i$te #%e#, box ete&(ines "%et%e& $ssetsune& t%e #$te*o&' o ep&e#i$te! One nees to pi#, $ (et%o $n t%us $ life o& &$te $n $ p&o&$te

$n $ &eti&e(ent #on)ention $s $ (ini(u(! One #$n $lso set t%e ep&e#i$tion li(it t'pe pi#, $ bonus

&ule $n t%e s$l)$*e )$lue ef$ult All Def$ult Rules #$n be o)e&&ien $t $sset le)el!

Mass )ropertyAssets p&o)ies #o(p$nies0 "%i#% %$)e %i*% $sset )olu(es0 "it% t%e $bilit' to t&e$t

si(il$& $ssets inst$lle in t%e s$(e fis#$l 'e$& $s $ sin*le $sset0 "%i#% %ols t%e $**&e*$te #ost $n

units! Sto&in* $ssets in t%is ($nne& *&e$tl' si(plifies t%e t&$#,in*0 &epo&tin*0 $n$l'sis0 $n ulti($tel'

t%e &eti&e(ent of t%ese $ssets0 sin#e $ll li,e $ssets f&o( $ p$&ti#ul$& )int$*e 'e$& $&e sto&e $s $n

ini)iu$l $sset!

One #$n ete&(ine $ Def$ult Sub Co(ponent Rule! Options $&e7

Same End *ate -Wit%out spe#if'in* $ (ini(u( life.7 T%e sub#o(ponent $sset be#o(es full'

ep&e#i$te on t%e s$(e $' $s t%e p$&ent $sset o& $t t%e en of t%e #$te*o&' ef$ult life0 "%i#%e)e&

is soone&! T%e ef$ult sub#o(ponent $sset life is b$se on t%e en of t%e p$&ent $sset life $n t%e

#$te*o&' ef$ult life! If t%e p$&ent $sset is full' &ese&)e0 Fusion Assets *i)es t%e sub#o(ponent $sset

$ ef$ult life of one (ont%!

Same End *ate -Spe#if'in* $ (ini(u( life.7 T%e sub#o(ponent $sset be#o(es full' ep&e#i$te on

t%e s$(e $' $s t%e p$&ent $sset0 unless t%e p$&ent $sset life is s%o&te& t%$n t%e (ini(u( life 'ou

spe#if'! T%e sub#o(ponent $ssets life is ete&(ine b$se on t%e en of t%e p$&ent $ssets life0 t%e

#$te*o&' ef$ult life0 $n t%e (ini(u( life! If t%e p$&ent $ssets &e($inin* life $n t%e #$te*o&' ef$ult

life $&e bot% less t%$n t%e (ini(u( life 'ou ente&0 Fusion Assets uses t%e (ini(u( life fo& t%e


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sub#o(ponent $sset! Ot%e&"ise0 it uses t%e lesse& of t%e p$&ent $ssets &e($inin* life $n t%e

#$te*o&' ef$ult life!

Same ,i$e7 T%e sub#o(ponent $sset uses t%e s$(e life $s t%e p$&ent $sset! It ep&e#i$tes fo& t%es$(e tot$l nu(be& of pe&ios! If t%e sub#o(ponent $sset is $#+ui&e $fte& t%e p$&ent $sset0 itep&e#i$tes be'on t%e en $te of t%e p$&ent $sset life!


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Fo& t%e /&oup Asset options ple$se &efe& to t%e /&oup Dep&e#i$tion in O&$#le Assets W%ite P$pe& ID

2Q3132!1J!

C%e#, Allo" St&$i*%t 9ine fo& Reti&e(ents if 'ou $&e settin* up $n $sset #$te*o&' "it% $ 1;35 p&ope&t'

#l$ss in $ t$x boo,! Fusion Assets uses $ st&$i*%t>line ep&e#i$tion (et%o in ete&(inin* t%e *$in o& loss

&esultin* f&o( t%e &eti&e(ent of 1;35 -&e$l. p&ope&t'!

If 'ou #%e#, Allo" St&$i*%t 9ine fo& Reti&e(ents0 ente& t%e st&$i*%t>line ep&e#i$tion Met%o $n 9ife 'ou

"$nt to use fo& t%e /$in F&o( Disposition of 1;35 P&ope&t' Repo&t! T%is is t%e ef$ult (et%o fo& 'ou&

$sset in t%e Reti&e(ents p$*e $n in t%e t$x boo, if 'ou use ($ss #op'!

On#e $ll #$te*o&ies fo& $ll ep&e#i$tion boo,s ne#ess$&' $&e set up0 t%e set up is #o(plete! Of #ou&se it

#$n be p$&ti$ll' $6uste $t $ l$te& $te! @ut $t t%is point t%e s'ste( is &e$' to be use $n t%e fi&st

$sset #$n be $e!

oracle fusion fa setup

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