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, set up preferences for Japan and France:

   • In the Japan section, set the rounding method for Japanese currency with decimal values. Leave blank to use the round-off method.

     • Round Off - This option rounds down the decimal value to 0 if the value is 0.499 or less, and rounds up to 1 if the value is 0.5 or more.

     • Round Down - This option rounds down the decimal number to 0.

     • Round Up - This option rounds up the decimal number to 1.

     The rounding method applies to both annual and monthly depreciation amounts.

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

     Note:

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

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

3. Click Save.

General Notices