Oracle Fixed Asset Key Flexfileds (KFF)

Oracle ebusiness  suite>Oracle Financial> Oracle Fixed Asset (FA)

Question of the Day!!  

                

Module: Oracle Fixed Asset

Question:  What are the Oracle Fixed Assets Key Flexfields (KFF)?

Ans :  Oracle Fixed Asset has 03 Key Flexfileds.

Asset Key Flexfield
 
Category Flexfield
 
Location Flexfield

1-Asset Key Flexfield:

Oracle Assets uses the asset key flexfield to group your assets by non-financial information. You design your asset key flexfield to record the information you want. Then you group your assets by asset key so you can find them without an asset number.

Warning: Plan your flexfield carefully. Once you have started entering assets using the flexfield, you cannot change it.

Example

You decide to use a two segment asset key flexfield. A typical asset key combination might be JET 10.ENGINE. To set up your asset key flexfield you must set up value sets, enable your segments, and enter valid segment values.

First, use the Value Set windows to set up a value set for each segment. For example, you create the value sets Project and Component.

Then use the Key Flexfield Segments window to enable your segments. Enter each segment and the value set for validation in the Segments window.
Now use the Segment Values windows to enter the valid values for each asset key segment. For example, you enter JET 10 as a valid value for the Project segment.

2-Category Flexfield:

Oracle Assets uses the category flexfield to group your assets by financial information. You design your category flexfield to record the information you want. Then you group your assets by category and provide default information that is usually the same for assets in that category.

Warning: Plan your flexfield carefully. Once you have started entering assets using the flexfield, you cannot change it.

Example

You decide to use a two segment category flexfield with a dependent segment. A typical category combination might be COMPUTER.HARDWARE, where HARDWARE is a valid value for the second segment only if the value of the first segment is COMPUTER. To set up your category flexfield you must set up value sets, enable your segments, enter valid segment values, and set up the category.

First, use the Value Set windows to set up a value set for each segment. For example, you create the value sets Major, and Minor Computer. Since you want the Minor Computer value set to be dependent on the Major value set, create an independent value set for Major and a dependent value set for Minor Computer. The Independent Value Set on which Minor Computer depends is Major, and the Dependent Default Value is COMPUTER.
Then use the Key Flexfield Segments windows to enable your segments. Enter each segment and the value set for validation in the Segments window. For the major category segment, check Enabled for the Major Category qualifier.

Now use the Segment Values windows to enter the valid values for each subcategory segment. For example, you enter HARDWARE as a valid value for the Minor segment.
Finally, use the Asset Categories window to enter the asset category name and information.

Flexfield Qualifiers

Major Category

You must have exactly one Major Category segment in your Category Flexfield. Oracle Assets uses the Major Category segment for capital budgeting. 

 3-Location Flexfield:

Oracle Assets uses the location flexfield to group your assets by physical location. You design your location flexfield to record the information you want. Then you can report on your assets by location. You can also transfer assets that share location information as a group, such as when you move an office to a new location.

Warning: Plan your flexfield carefully. Once you have started entering assets using the flexfield, you cannot change it.

**************************