Understanding Fixed Asset Constants

Fixed asset constants control how the business environment uses the features in the JD Edwards EnterpriseOne Fixed Assets system. For example, when you define a default business unit for depreciation expense in Fixed Asset Constants, the system automatically supplies the value to Depreciation Information whenever you add a new asset to the system. You can also specify the business unit that appears as a default value for the various asset accounts when you create a master record for a new asset.

Set up fixed asset constants only one time for the entire JD Edwards EnterpriseOne Fixed Assets system. You set up constant values for company 00000 so that all of the companies in the organization that access the JD Edwards EnterpriseOne Fixed Assets system use the same constant values.

In general, you do not change the fixed asset constants. However, some situations might occur in which you might need to change a fixed asset constant, and you must understand the consequences:

• For example, if you change the default business unit for asset accounts, the change affects only the assets that you add to the system after the change.

  If you must change a fixed asset constant and that change needs to be updated for previous assets, you must perform an additional process to update the system with the latest change.

• For example, if you change the symbol for the primary asset number in Fixed Asset Constants, you must run the Global Update program.

  Note: The values that you set up for the JD Edwards EnterpriseOne Fixed Assets system in Fixed Asset Constants also affect the Equipment/Plant Management system.