IFS FINANCIALS – FIXED ASSETS AND BUDGETING

ABOUT THIS COURSE

This is one of the courses towards gaining the IFS Certified Specialist accreditation for Consultants. It enables students to cover and prepare all of the examination specification topics for the Fixed Assets and Budgeting exam.

Target Audience

Those who need to identify and state the essential decisions to be made, basic data to be created and processes involved in the Fixed Assets and Budgeting in support of IFS Financials in IFS Applications.

Lessons

  1. Set up and configuration of Base Data for Objects
  2. Creation of Fixed Asset Objects
  3. Purchase of a Fixed Asset through a Supplier Invoice
  4. Depreciation of the Fixed Asset
  5. Fixed Asset Functions
  6. Fixed Asset Analysis
  7. Basic Data for Budget Process
  8. Loading of transactions into Budget Template
  9. Budget Process load and amendments
  10. GL Analysis

Objectives

At the end of this course, the students will be able to:

  • Set up all Base Data requirements to enable Fixed Asset Objects to be created
  • Create a create a Fixed Asset Object
  • Purchase a Fixed Asset
  • Depreciate the Fixed Asset over its life
  • Understand the functions around Fixed Assets
  • Set up a Budget Process
  • Load budget transactions into the budget Process
  • Change the budget amounts
  • Remove a Budget from IFS Applications
  • Analyze results in the General Ledger

Prerequisites

Knowledge: Perfect understanding of the accounting in business processes, company set up, accounts, code parts and posting controls.

Courses: IFS Fundamentals, Accounting

Exams: IFS Fundamentals (recommended)

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Track:

  • Consultants

Certification:

  • Specialist

Module:

  • IFS Financials

Course ID:

CS90FINFB

Duration:

1 Day

Type of Course:

  • Workshop