Primary Class Definition - FAUPPC

The entries on this Fixed Assets (FA) Primary Class Definition (FAUPPC) page establish the default asset groupings by Primary Class. With each Primary Class definition, there is a required associated Type of Depreciation, Frequency, and Life of the asset. Posting strategies are based on the primary classification assigned to the asset.

Ledger: Select the Ledger from the drop-down menu.
Primary Class: A two-character code used to identify the primary classification of the asset. These code values are defined on the FA Code Values (FAUPCD) page, with a Code ID of PC.
Secondary Class: A two-character code indicating the secondary classification of the asset. These code values are defined on the FA Code Values page, with a Code ID of SC.
Tertiary Class: A two-character code indicating the tertiary classification of the asset. These code values are defined on the FA Code Values page, with a Code ID of TC.
Note:

• The combination of Ledger, Primary Class, Secondary Class and Tertiary Class are unique.
• Secondary Class is mandatory if Tertiary Class is selected.
• Ledger, Primary Class, Secondary Class and Tertiary Class fields are disabled in Update mode and enabled in Add and Find modes.

Type of Depr: Several types of depreciation methods are provided within the FA subsystem. The Straight Line Method is the method most frequently used (SL, SL2, SL3, SL4, SL5, SL6 or None). These code values are defined on the FA Code Values page, with a Code ID of TYPE.
Frequency: The frequency at which depreciation is calculated against this asset. Select either "MO" for monthly or "YR" for annually. The frequency is primarily used as selection criteria when posting depreciation. Frequency codes are defined on the FA Code Values page, with a Code ID of FREQ.
Life: The use-life of this asset. The life can be expressed in months or years as denoted by the next field to the right. Entries in this field are defined in static codes can be "YR" (years) or "MO" (months).
Posting Code: Enter the posting code for the depreciated expense account. These code values are defined on the FA Code Values page, with a Code ID of POST. These codes are used in defining FA to GL postings on the General Ledger Subsystem Posting Interface page (GLUTSPSI).
Depreciation Account: The Account code combination that represents the depreciation expense account in the posting of depreciation. Fully qualified accounts are supported on this page, as shown. Click the Lookup button to change the account display format or lookup accounts.