(RUS) Working with Fixed Assets and Inventory Management for Russia

This chapter discusses how to:

Set up depreciation.
Create a revaluation code.
Enter additional information for fixed assets.
Enter additional lot information for Russia.

Setting Up Depreciation for Russia

You use the JD Edwards EnterpriseOne Fixed Assets system to set up depreciation for Russia. A Russian-specific depreciation method is provided, along with two Russian-specific formulas.

You must run the depreciation calculations for fixed assets on a monthly basis. Depreciation in Russia is calculated by dividing the net book value by the actual remaining asset life periods.

If you post additional costs to a fixed asset, you must add the additional cost to the original cost, subtract the accumulated depreciation, and then divide that sum by the remaining life of the asset. For example, if the original cost of the asset is 120,000 euros and the asset life is 12 months, the first month's depreciation is 10,000 euros. If you post an additional cost of 50,000 euros to the fixed asset during the second month, the calculation for depreciation would be (120,000 + 50,000 - 10,000) / 11 = 14,545.56.

Depreciation is calculated by using this formula:

(Original Cost + Additional Cost + Accumulated Depreciation - Salvage Value) divided by Actual Remaining Asset Life Periods

To set up depreciation for Russia, complete these steps:

Add RU (Russian Depreciation Method - 74R) to the Depreciation Method (12/DM) UDC table.
Use the Depreciation Formula Revisions program (P12853) to add the basis formula, RU1: (Basis [Cst-Svg] -74R). The formula is: 01+22+02-07.
Use the Depreciation Formula Revision program to add the depreciation formula, RU2: (SL [Period] - 74R). The formula is: 10/03.
Use the Depreciation Rules Revision program (P12851) to create a new depreciation rule for each Asset Life period that you define. Enter a Computation Direction of P and enter the Asset Life in periods.
Use the Depreciation Default Coding program (P12002) to add codes for each major accounting class.

Creating a Revaluation Code

This section provides an overview of revaluation codes for Russia, lists a prerequisite, and discusses how to create revaluation codes.

Understanding Creating a Revaluation Code

You use the Revaluation Code by Class program (P74R45010) to associated revaluation codes to the asset type for a fixed asset.

Forms Used to Create a Revaluation Code

Form Name	FormID	Navigation	Usage
Work With Revaluation Code	W74R5010A	Fixed Assets (G74R12), Revaluation Codes	Select a record.
Revaluation Code Review	W74R5010B	Select a record and click Add on the Work With Revaluation Code form.	Modify a record.

Creating a Revaluation Code

Access the Revaluation Code Review form.

Company

Enter the company for which you revalue an asset.

Major Accounting Class

Enter the accounting class to which the asset belongs. The value that you enter must exist in the Major Accounting Class (12/C1) UDC table.

Major Equipment Class

Enter the subcategory to which the asset belongs. The value that you enter must exist in the Major Equipment Class (12/C2) UDC table.

Revaluation Code

Enter the index that you use to revalue the asset. The code that you enter must exist in the Revaluation Index (12/RI) UDC table.

Entering Additional Information for Fixed Assets in Russia

This section provides an overview of the additional information that you enter for fixed assets for Russia, lists a prerequisite, and discusses how to enter additional information

Understanding Additional Information for Fixed Assets

You use the Work With Additional Information program (P74R5100) to enter information about the fixed assets that the system uses when you print legally required documents for fixed assets. The system opens the forms that you need to complete after you add or modify data in the Asset Master Information program (P1201).

Prerequisite

Verify that Localization Country Code field in the User Profile Revisions program (P0092) is set to RU (Russia).

Forms Used to Enter Additional Information for Fixed Assets

Form Name	FormID	Navigation	Usage
Work With Fixed Assets Additional Information	W74R5100A	Fixed Asset Master Information (G1211), Master Information Complete the necessary information, then click OK.	Select an existing record.
Fixed Assets Additional Information - Revision	W74R5100B	Select a record on the Work With Fixed Assets Additional Information form and click Select.	Add additional asset information.

Form Name

FormID

Navigation

Usage

Work With Fixed Assets Additional Information

W74R5100A

Fixed Asset Master Information (G1211), Master Information

Complete the necessary information, then click OK.

Select an existing record.

Fixed Assets Additional Information - Revision

W74R5100B

Select a record on the Work With Fixed Assets Additional Information form and click Select.

Add additional asset information.

Entering Fixed Asset Additional Information

Access the Fixed Assets Additional Information - Revision form.

Date of Manufacturing	Enter the date on which the asset was placed in service.
Date of Modernization	Enter the date on which the asset was upgraded or modernized.
Doc Name of Placement	Enter the name of the legal document that contains the information about the asset being purchased or placed in service.
Doc Number of Placement	Enter the legal number from the document that contains the information about the asset being purchased or placed in service.
Date of Placement	Enter the date of the legal document that contains the information about the asset being purchased or placed in service.
Actual Periods	Enter the number of periods that the asset has been in service.
Depreciation Amount	Enter the amount that the system adds to the account balance of the associated account balance. Enter negative numbers by entering a minus sign (–) before or after the amount.
Net Book Value	Enter the net book value that the system prints on the Fixed Asset Card document.
Membership of Share Holding	Enter the name of the shareholder for a joint venture.
Share Percentage	Enter the percentage of the asset owned by the shareholder in a joint venture.
Presence of Jewels	Enter an explanation if the assets are jewels.
Unit of Measure as Input	Enter the unit of measure for the asset. The value that you enter must exist in the Unit of Measure (00/UM) UDC table.
Quantity	Enter the quantity of the asset.
Actual Weight	Enter the weight of the asset.
Item Characteristics	Enter a description of the asset.

Entering Additional Lot Information for Russia

This section provides an overview of the additional lot information you must enter for Russia and discusses how to:

Set processing options for Set Up Item - Custom Declaration Number (P7464108).
Enter additional lot information.

Understanding Lot Information for Russia

After you enter lot information by using the Lot Master program (P4108), the system displays the forms for the Set Up Item - Custom Declaration Number program (P7464108). You enter customs information for foreign items for Russia in the Lot Additional Information program. The system determines that an item is a foreign item by comparing the Country of Origin field in the Lot Master table (F4108) to the Country Code field of the address book number of the Business Unit in table F4108. If both fields are different and are not blank, the system identifies the item as foreign.

When you enter the customs information, the system updates the F4108 table with the status code, according to the values set in the processing options.

Forms Used to Enter Additional Lot Information for Russia

Form Name	FormID	Navigation	Usage
Lot Master Revisions	W4108A	Lot Control (G4113), Lot Master Revisions. Select Add on the Work With Lot Master form.	Review and select existing records.
Work With Lot Additional Information	W7464108A	Click OK on the Lot Master Revisions form.	Select an existing lot record.
Lot Additional Information	W7464108B	Select a record on the Work With Lot Additional Information form and click Select.	Add customs information.

Setting Processing Options for Set Up Item - Custom Declaration Number (P7464108)

Use these processing options to specify default values for the program.

General

1. Update Status Code	Specify whether the system updates the status code in the Status Code field (data item LOTS) in the F4801 table. Enter 1 to update the Status Code field. Leave this processing option blank to suppress the update of the status code.
2. Enter Status Code	Enter the code that the system uses to update the Status Code field (data item LOTS) in the F4801 table when you set the Update Status Code processing option to 1.
3. Status Code Search	Specify the status of the lot that the system uses to select records. The value that you specify must exist in the Lot Status Codes (41/L) UDC table.

Entering Additional Lot Information for Russia

Access the Lot Additional Information form.

Customs Declaration Nbr (customs declaration number)	Enter the Declaration Number from the customs form.
Customs Dispatch Date	Enter the date of the customs form.
Customs Code	Enter the code that describes the customs classification for the lot. The code that you enter must exist in the Customs Code (74/CU) UDC table.

Company	Enter the company for which you revalue an asset.
Major Accounting Class	Enter the accounting class to which the asset belongs. The value that you enter must exist in the Major Accounting Class (12/C1) UDC table.
Major Equipment Class	Enter the subcategory to which the asset belongs. The value that you enter must exist in the Major Equipment Class (12/C2) UDC table.
Revaluation Code	Enter the index that you use to revalue the asset. The code that you enter must exist in the Revaluation Index (12/RI) UDC table.