FA Addition Data Model White Paper

The Fixed Assets (FA) module allows you to maintain equipment inventory, depreciation schedules using the best accounting and tax strategies. It allows you to value assets using different classifications, such as Construction in Process (CIP) or expensed items. Asset addition is the first and basic step to bring asset into system. When asset is added into system there are various details which are also provided while adding asset in the system like type of asset, depreciation method, book details date from which depreciation should be effective and other asset level details.

The FA Addition is the first stage of the Fixed Assets Life Cycle – The Birth of the Asset.