1. Using Financials for EMEA
  2. Configure Lookup Values and Global Descriptive Flexfields

Configure Lookup Values and Global Descriptive Flexfields

Configure lookup values and global descriptive flexfields (GDFs) for asset transactions. All required GDFs and new parameters for the Asset books in the scheduled process are predefined.

Follow these steps:

  1. Add lookup values for CODE KST 2016 (provided by the tax authorities for each asset) using the ORA_JGPL_JPK_PL_ASSET lookup type.
    Use three-digit codes:
    • 1st digit: Group
    • 2nd digit: Subgroup
    • 3rd digit: Type
  2. Capture required GDF values for asset transactions during fiscal year 2026 so that they are available for extraction in January 2027.
    • Asset Addition: Type of Purchase Document and KST code
    • Depreciation Method: Depreciation Method for Poland
    • Retirement: Reason for Retirement
    You can update the values for Purchase document type, KST code, and Depreciation method after the transaction. However, the retirement reason must be entered only during the retirement transaction.