IFS Financials - Fixed Assets

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 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 in support of IFS Financials in IFS Applications™.
  1. Introduction to Fixed Asset
  2. Set up and configuration of Base Data for Objects
  3. Creation of Fixed Asset Objects
  4. Purchase of a Fixed Asset through a Supplier Invoice
  5. Depreciation of the Fixed Asset
  6. Fixed Asset Functions
  7. Fixed Asset Analysis

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
  • Analyse results in the General Ledger

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

Courses: IFS Fundamentals, General Ledger

Exams: IFS Fundamentals (recommended)

Inquire

IFS Academy Inquiry Text

Track:

  • Consultants

IFS Applications Version:

  • IFS Applications 10

Certification:

  • Specialist

Module:

  • IFS Financials

Course ID:

CS10FINFA

Duration:

1 Day

Type of Course:

  • Workshop