Set up impairment accounting common parameters and posting profile (Japan)

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

Use this task to learn how to define impairment accounting common parameters and posting profiles.

To complete this task, the Fixed Assets configuration key must be selected.

This procedure uses the JPMF demo company data.

Set up impairment parameters

  1. Go to Fixed assets > Setup > Fixed assets parameters.
  2. Expand the Impairment management section.
  3. In the Warning period (in months) field, enter a number.
    • Example: 6 months
  4. Click the Number sequences tab.
    • Confirm the following Number sequence codes are set up: •Document ID for impairment •Impairment test ID •Cash generating unit number

Set up posting profile

  1. Go to Fixed assets > Setup > Fixed asset posting profiles.
  2. Click Edit.
  3. Expand the Impairment management section.
  4. Click Add.
  5. In the Book field, type a value.
  6. In the Groupings field, select an option.
  7. In the Fixed asset number field, type a value.
  8. In the Main account field, specify the desired values.
  9. In the Offset account field, specify the desired values.
  10. Click Save.