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E1 Fixed Assets: Foundation for Equipment & Plant Maintenance, Service & Warranty and More!

Presented at INFOCUS Envision 2021

Session Id: 101440

JD Edwards E1 Fixed Assets is a robust product that provides not only the ability to track and depreciate your company's assets, but also serves as the foundation for other related modules such as Service and Warranty Management or Equipment and Plant Maintenance.

Frequently Fixed Asset duties get assigned to a staff accountant who can become quickly overwhelmed with the differences in functionality and the intricacies of Fixed Assets accounting vs. General Ledger accounting.

This review will discuss the JD Edwards Fixed Assets system as a true Subledger and its unique features. Common misunderstandings, its unique architecture and functionality will be detailed in terms of the differences accounting personnel will need to be aware of in their day to day work.

Objectives

The discussion will start by providing an overview of JD Edwards Fixed Assets as a stand-alone ledger and why is it unique in the financial suite in JD Edwards.

Here we will touch on the most important concepts accountants need to grasp when starting work in JD Edwards Fixed Assets for the first time. The discussion will center on how working in Fixed Asset differs from General Ledger or Cost Accounting on a

This section will focus on real world examples of where common accounting logic can go tragically wrong in the Fixed Assets world. The use of common General Ledger accounting tasks & processes can lead to bad results and integrity issues unless the u

David Cutler, KS2 Technologies, Inc.

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