Fixed Assets Country Specific Preferences

To set up Fixed Assets Management country specific preferences:

1. Go to Fixed Assets > Setup > System Setup.

2. On the Country Specific tab, you can set up preferences for Japan and France:

   • Under the Japan section, you can set the rounding method to use for Japan currency amounts with decimal values. By default, this preference is set to blank and uses the round off method.

     • Round Off - This option rounds down the decimal number to zero if the value is 0.499 or less and rounds up decimal numbers to one if the value is 0.5 or more.

     • Round Down - This option rounds down the decimal number to zero.

     • Round Up - This option rounds up the decimal number to one.

       The rounding method you select will be applied to both annual and monthly depreciation amounts.

       For multicurrency accounts, this setting applies to assets using the Japanese currency. For non-multicurrency accounts, this setting applies to all assets if the Currency Locale field is Japan (Japanese).

       Note:

       Changing this preference will reset all pre-computed depreciation history records in JPY currency.

   • Under the France section, check the Enable Derogatory Depreciation box to enable derogatory depreciation for FAM Alternate Methods which are created for French accounts or subsidiaries.

3. Click Save.

General Notices