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    SFH R12 Project MOM-17-Dec-2014

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    Tarek Ibrahim
    The minutes document the discussion of a meeting about fixed assets. The meeting covered topics such as merge and split functionality, depreciation runs, what-if analysis, closing periods, and major reports for fixed assets. It was also discussed that fixed asset numbering would remain uniform across the three entities and that spare parts used for repairs could come from either inventory or property warehouses. Several open points were identified that require decisions from the three entities jointly, including the fixed asset category, location, and key structures.

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    SFH R12 Project MOM-17-Dec-2014

    Uploaded by

    Tarek Ibrahim
    5 views2 pages
    The minutes document the discussion of a meeting about fixed assets. The meeting covered topics such as merge and split functionality, depreciation runs, what-if analysis, closing periods, and major reports for fixed assets. It was also discussed that fixed asset numbering would remain uniform across the three entities and that spare parts used for repairs could come from either inventory or property warehouses. Several open points were identified that require decisions from the three entities jointly, including the fixed asset category, location, and key structures.

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    SFH_R12_project_MOM-17-Dec-2014

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    SFH_R12_project_MOM-17-Dec-2014

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    The minutes document the discussion of a meeting about fixed assets. The meeting covered topics such as merge and split functionality, depreciation runs, what-if analysis, closing periods, and major reports for fixed assets. It was also discussed that fixed asset numbering would remain uniform across the three entities and that spare parts used for repairs could come from either inventory or property warehouses. Several open points were identified that require decisions from the three entities jointly, including the fixed asset category, location, and key structures.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    5 views2 pages

    SFH R12 Project MOM-17-Dec-2014

    Uploaded by

    Tarek Ibrahim
    The minutes document the discussion of a meeting about fixed assets. The meeting covered topics such as merge and split functionality, depreciation runs, what-if analysis, closing periods, and major reports for fixed assets. It was also discussed that fixed asset numbering would remain uniform across the three entities and that spare parts used for repairs could come from either inventory or property warehouses. Several open points were identified that require decisions from the three entities jointly, including the fixed asset category, location, and key structures.

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    of 2

    Page 1 of 2

    Minutes Of Meeting
    Subject Fixed Assets
    Day 1
    Ref R12_ SFH_FIN_MOM_17_DEC_2014
    Date Wenesday 17-Dec-2014
    Time 09:00 PM
    Venue Dammam
    MOM Preparer Mr. Anay Jain

    Attendees

    1. Mr. Anay Jain Evosys Finance Consultant

    Absentees

    1.
    2.

    Page 1 of 2
    Page 2 of 2

    Matter Discussed
    Sr. No. Topics Clarification Action By Action
    1 Fixed Assets Fixed Assets features shown to the user. - -
    1) Merge Functionality
    2) Split Functionality
    3) Depreciation Run
    4) What if analysis
    5) Close Period
    6) Major Report

    2 Fixed Assets Fixed numbering will remain global for all three entities so SFH SFH has to take
    Numbering SFH Makkah, Dammam and Riyadh has to take decision the decision on
    jointly on this part. assets
    numbering.
    This point will remain open and all the three entities has to Assets
    come at one platform for the same. numbering will
    remain uniform
    for all the three
    entities.
    3 Fixed Assets There is a cases that in case of assets is damaged then in - -
    Repair – Spare that case spare parts is used in the same assets to repair the
    Part from same.
    Inventory Spare parts are used from inventory warehouse. More detail
    warehouse discussion will be done by us in EAM session as this part
    also includes EAM part.
    4 Fixed Assets There is a cases that in case of assets is damaged then in - -
    Repair – Spare that case spare parts is used in the same assets to repair the
    part from same.
    Property Here spare parts are used from Property warehouse. This
    warehouse question we are keeping open and more detail discussion will
    be done by us in EAM session.
    5 Fixed Assets Following point needs to be finalized by all the SFH Entities .SFH SFH Entities
    Open Points jointly. has to take the
    1) Fixed Assets Category structure decision jointly
    2) Fixed Assets location structure for the same
    3) Fixed Assets Key structure
    4) Fixed Assets Numbering

    Page 2 of 2

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