讲座培训课件 FAB Deep Dive Process Review.ppt

Fixed Assets: Fixed Assets: Fixed Assets: Fixed Assets: Fixed Assets: Fixed Assets: Fixed Assets: Fixed Assets: Fixed Assets: Fixed Assets: * DRAFT – CONFIDENTIAL NOT TO BE DISTRIBUTED FAB Deep Dive Process Review June 2003 Fixed Assets Process/ People Description Primary Process Owner Andrew Helm Secondary Process Owner Gautam Bose / Vishal Chowdhary The Fixed Assets management process is centralized in FC East. Fixed asset management encompasses the processes of recording and booking journal entries related to the acquisition, transfer or disposal of fixed assets, additionally, accounting for project related activities (new building fit-out etc.) is completed by this group. When a fixed asset is purchased, an Appropriation Request (AR) from the Capex budget is generated. This AR forms the basis for a Purchase Order (PO) which is sent to the vendor. Once the asset is received, the invoice is processed in the TAPS or Millennium systems; these are hybrid AP-cum-Fixed Assets (FA) systems. After the invoice is captured (by the AP team) a Spend Queue is generated; the Spend Queue represents the number of invoices captured which need to be capitalized. Tracking of these invoices is performed on the basis of the GL account code attached to each invoice line item. There are local resources in each country who assign the correct GL account code. Additionally, scanned images of these invoices are available in the Document Express (DocX) system. Processing of asset transfers (cross unit/country) is performed by the Inter-Company (IC) team. On a weekly basis (Friday) the Millennium system interfaces with the GL through a process called the Sweep where all invoices captured by the Vendors Payable Group in the Millennium subsystem are booked directly into their respective accounts in the GL. Additionally, each month, depreciation entries are automatically generated and posted to the respective GL accounts. Prior to this depreciation calculation the FA team sets-up the syste