CTF - Fixed Asset component: install and configure

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Use the CTF - Fixed Asset component to gain insights into your depreciation costs and empower your decisions about asset management. The Fixed Asset Master Data table defines the data required to populate the cost and budget related reports. To populate the data set, you must upload fixed asset cost figures and map them to the Fixed Asset Master Data table.

Applies to: Costing Standard on TBM Studio 12.4 and later

Uses

Use the CTF - Fixed Assets component reports to do the following:

  • Manage depreciation costs
  • Identify resource allocation
  • Align asset management with business objectives
  • Align asset management to strategy
  • Confirm write-offs resulting from budget changes

Install the component

The CTF - Fixed Assets component is not installed with the standard Costing Standard project.

To install the CTF - Fixed Assets component:

  1. Open the Costing Standard project.
  2. On the Project tab, click Components.
  3. Click Install.

Typical data sources

Fixed asset figures usually are pulled from an asset management or CMDB (Configuration Management Data Base) application such as BMC Asset Mgmt, BMC Atrium CMDB,HP Univ Config Mgmt, Sage, AssetWorks, SAP Enterprise Asset Mgmt, CA Unicenter, SAP, Lawson, Oracle, or PeopleSoft.

The applications usually include a fixed asset registry. The fixed asset registry tracks assets such as machines, office equipment, buildings, etc for the purpose of production of goods or services. Often tracked in the Fixed Asset registry is the life in months of the asset, the purchase date, purchase amount, and monthly depreciation.

One upload

Typically you upload a single fixed asset data set that is appended and mapped to the Fixed Asset Master Data table. The data set must contain fields that can be mapped to the appropriate fields in the Fixed Asset Master Data table.

Master data

For a description of the fields in the master data table, see the information on the CTF - Fixed Assets component page in the product. To display the page:

  1. Click the Project tab.
  2. Click Components.
  3. Click the CTF - Fixed Assets component.

Required and recommended fields

The required and recommended fields needed to light up the standard Costing Standard fixed asset reports are listed below.

  • Acquisition Date (required)
  • Age (required)
  • Asset Count (required)
  • Asset Number (required)
  • Asset Type (recommended)
  • Category (recommended)
  • Class (required)
  • Cost Center (recommended)
  • Depreciation Amount (required)
  • Description (required)
  • Fixed Asset Depreciation LIM (required)
  • Fixed Asset Initial Cost (required)
  • Fixed Asset Ledger ID (required)
  • In Service (required)
  • In Service Date (required)
  • IT Resource Sub-Tower (required)
  • IT Resource Tower (required)
  • Location (required)
  • Object Identifier (required)
  • Vendor (required)