Capital Asset Inventory Tracker

Capital Asset Inventory Database
Example Of Capital Asset
Capital Assets Vs Non Capital Assets
Capital Asset Accounting
Asset Tracking And Inventory Management
Capital Asset Inventory Tracker Software

About this Policy

CAMS (Service) manages the Capital Asset Inventory System (CAI). CAI is the authoritative database of record for VA’s real property portfolio, including all the Department’s owned and leased assets. Oracle® Asset Tracking is a comprehensive asset lifecycle tracking application that provides tracking, visibility, and control of globally dispersed assets for capital-intensive companies, along with complete transaction auditing. Asset deployment transactions such as install, in-service, out of service, or asset moves can be completed efficiently.

Capital Assets

Policy Number: 22401

When a government has capital assets it must establish and maintain a tracking system for them. It may be maintained using either a computerized or manual system. The tracking system must adhere to the formal asset policies approved by the governing body. It must include: 1) Inventory list containing capital assets owned by the government.
With CMiC Asset Management, you can control material costs, accelerate the procurement process, optimize inventory management, generate accurate job costing and client billing, and boost operational performance.This is particularly important for self-performing contractors – divisions within a GC, heavy/civil contractors and specialty contractors.
Assets often fall under capital expenditures, and there are a fixed number of assets at any given time. Benefits of Asset Tracking Asset tracking systems help companies reduce asset auditing efforts while improving asset inventory accuracy to nearly 100%.

Effective Date:
Jul 01, 2020

Last Updated:
Dec 06, 2017

Responsible Office:
UM System Controller's Office

Responsible Administrator:
UM System Controller

Policy Contact:

Campus Accounting

Categories:

Finance

The costs of all assets used in operations that are acquired or constructed should be capitalized as a Capital Asset when the cost or the fair value, at the date of acquisition or donation, meet the thresholds established within this policy and the expected Useful Life is greater than one (1) year. Generally, holding title to an asset equates to ownership, and the entity that has ownership of an asset should report the asset in its financial statements.

The acquisition value of an asset includes all costs of the asset and all additional costs necessary to place the asset in its intended location and condition for use. This may include freight and installation costs and excludes training costs. An acquisition may be made by a purchase, gift, construction or lease purchase. Below outlines the valuation for the asset under each method:

Purchase: recorded at actual cost paid, including freight and installation costs, and net of any discounts.For additional costs that may be considered, see the Asset Specific Capitalization Components sections below.
- Trade-In Allowances: to determine the value of a Capital Asset, use the value before trade-in allowances are applied (i.e. the value will typically be greater than the amount paid).
Gift: recorded at fair market value as of the date of the acquisition plus any costs incurred with the acceptance of the gift.
Construction: recorded at cost and includes all identifiable direct costs such as drawings, blueprints, component parts, contract costs, insurance, materials, and supplies consumed in fabrication, labor, and installation.Non-consumable supplies, such as tools that may be used again with different assets, should not be included.During construction, expenses should be charged to capital accounts.
Lease: recorded at the total cost of the lease net of interest expense (the present value at the inception of the lease).

In limited circumstances, assets may be recorded as composite assets in which more than one asset is grouped together for the recording of the capital asset. Capitalization thresholds still apply to the individual asset in determining whether the item should be capitalized or expensed (this excludes collections of Library Materials). The composite asset method of recorded assets should only be used when there is a large volume of similar assets that would be depreciated under the same useful life.

Thresholds for the capitalization of an asset are as outlined below. Items that fall below the established thresholds should be expensed in the period the cost is incurred.

Asset Type	Amount
Artwork or Historical Artificats	$5,000
Building and Improvements	$100,000
Building and Improvements - HOSPT business unit only	$50,000
Equipment	$5,000
Infrastructure	$100,000
Infrastructure - HOSPT business unit only	$50,000
Land	All regardless of amount
Library Materials	All regardless of amount
Livestock	All regardless of amount
Software	$100,000

Asset Specific Capitalization Components

Art and Historical Treasures
The University capitalizes individual pieces or collections of Art that meet thresholds and that comply with the GASB 34 criteria as follows:

Held for public exhibition, education, or research in the furtherance of public service, rather than financial gain.
Protected, kept unencumbered,cared for, and preserved.
Subject to an organizational policy that the proceeds from sales of collection to be used to acquire other items for collections

Capital Asset Inventory Database

Land and Buildings
The asset value of Land or Buildings may include costs necessary for the purchase such as appraisal, title, recording, and legal fees. When Land is acquired with Buildings erected thereon, the total cost is allocated between the categories of Building and Land at the date of acquisition, regardless of the intent for use (excluding assets held for resale). This allocation should be based on the executed purchase documents. If the purchase documents do not show the allocation, other sources of the information may be used such as expert appraisals or the real estate tax assessment records.

Library Materials
General collections of Library Materials or books are generally exhaustible by nature. However, electronic books, subscriptions, or other electronic library materials may be considered inexhaustible depending on the nature of the access to the electronic format. When all capitalization criteria is met and the materials are inexhaustible, then the materials should be capitalized as library materials and no depreciation to be calculated.

Paper collections or books that are considered inexhaustible and whose value is depleted so slowly that the estimated Useful Life is extraordinarily long, are considered to be a work of Art or Historical Treasure and should follow the capitalization thresholds as such.

Software Development and Purchases
Consistent with the GASB, new software projects with Direct Costs greater than or equal the established threshold should be capitalized. The software implementation project must be broken down into three stages:

Project Stage – costs associated with the selection of the specific software.
Development Stage – begins once the preliminary project stage has been completed and management with the relevant authority (explicitly or implicitly), authorizes, and commits to funding a computer software project and believes it is probable the project will be completed and the software will be used to perform the intended function.
Post-Implementation/Operation Stage.

In addition to the cost of the software, only expenses incurred during the application development stage should be capitalized. At the point of the development stage, the costs incurred to develop or obtain computer software for internal use should be capitalized and accounted for as a Capital Asset. Capitalization ceases at the point at which the software is substantially complete including all necessary testing and is ready for use. General and administrative costs, as well as overhead, are not capitalized for internal use software.

Both internal and external costs incurred to install, configure, code, and test software are capitalized. The cost of testing, as well as installing, the software should be capitalized. The costs included in the value of the Capital Asset, once the capitalization period has begun, would be the following:

External Direct Costs (i.e., from third-party transactions) of materials and services consumed in developing or obtaining internal use software,
Payroll and benefits costs for employees who devote a substantial amount of time during the application stage. Substantial time on a project is the lesser of 500 hours or an amount set by UM System.
The costs of developing bridging software should be capitalized, but only if the software is used for this specific data conversion effort and there is no alternative future use for the bridging software.
Developed or obtained software that allows for access of old data by new systems.
Training for the design or functionality of the software should be capitalized if determined to be material to the project. The costs of training users on the use of the software should be expensed.
As discussed in GASB 51 Question Z.51.23, software upgrades should generally not be capitalized and should be considered maintenance, and accordingly expensed as incurred. Only upgrades or enhancements that can be demonstrated to have substantial additional functionality beyond the original software would be capitalized.

University Constructed Assets
Costs incurred during construction or fabrication for assets budgeted to meet the capitalization threshold must be charged to a capital account. Identifiable direct costs during construction or fabrication could include: drawings, blueprints, component parts, materials, supplies consumed in construction/fabrication, labor, and installation. In progress/process accounts should be used for constructed assets that are still in progress or not yet in service (less than 95% complete).

Costs for studies, including but not limited to engineering and feasibility studies, should not be capitalized as part a capital asset unless it is probable that the project will proceed through completion of the asset.

When University resources are utilized in construction or renovation of buildings, the Construction Management Department may engage with various University departments for relatively minor involvement in a project. University resources may be utilized so long as the total labor costs does not exceed the limit set by the Office of Facilities Development and Planning. The total costs allowed are indexed for construction cost inflation using the average between St. Louis and Kansas City as established by Engineering News-Record.

Capital Leases
Leased Assets are capitalized if it meets the criteria outlined in the Financial Accounting Standards Board (FASB) Standard No. 13, which essentially provides that a lease is a capital lease if at inception it meets any one of the following criteria:

It transfers ownership of the property to the lessee by the end of the lease term;
It contains a bargain purchase option;
The lease term is 75% or more of the estimated economic life of the lease property; or
At the beginning of the lease term, the present value of the minimum lease payments (excluding executory costs) equals or exceeds 90% of the excess of the fair of the leased property.

Repairs, Improvements, and Enhancements
The costs of additions, major repairs, enhancements, or improvements subsequent to the initial acquisition should be capitalized if the following are met:

The costs meets the capitalization threshold; and
Useful Life of the asset is extended beyond its original life; or
Functionality of the asset is extended and/or the service capacity or efficiency is increased.

Repair or maintenance expenditures that keep the asset in its normal operating condition or that bring the asset back to its original state without either extending the Useful Life or improving upon the functionality or service capacity of the asset are not considered capital expenditures and should be expensed in the period incurred. Examples of non-capital repair or maintenance include but are not limited to the following:

Maintenance Agreements/Contracts
Preventative Maintenance
Janitorial Services
Window Washing
Extermination Services

Ownership of the Asset and Asset Inventory
Each campus with assets that are determined to be Capital Assets must be inventoried. In addition to assets that the University is the owner, assets that are provided by an external sponsor must also be inventoried, regardless of whether the title is retained by the sponsor or the University. Federal, state, and private grant funded capital Equipment is classified depending on ownership or title to the Equipment. Title to or ownership of Equipment is determined by the provisions of the sponsoring award, contract, or agency policy and fall under three classifications of grant funded capital Equipment:

Sponsored Purchased/University-owned – reported and capitalized as a University asset.
Sponsored Purchase/Government-owned – recorded in Asset Management as Non-University Owned with a unique tag. However these assets are not reported in the Universities financial statements. Government-titled Equipment may not be disposed or removed from service without approval from the sponsoring agency.
Government Furnished Property - recorded in Asset Management as Non-University Owned with a unique tag. However these assets are not reported in the Universities financial statements. Government- furnished property must be appropriately identified and tracked by the receiving department. The department should also notify their campus Sponsored Programs Office when the Equipment is received for special reporting requirements.

All inventoried assets must be tracked and disposed of in accordance with the terms and conditions of the external sponsor’s requirements. This is applicable to sponsored project assets as defined by the sponsor.

Federally funded Equipment should be managed in accordance with the OMB Uniform Guidance and Federal Acquisition Regulations (FAR), specifically FAR Parts 45 and 52.245. In addition, certain sponsors may have capital Equipment requirements in the terms and conditions of the award.

Definitions

Capital Assets - an asset used in operations that has an expected Useful Life of greater than 1 year. These assets may include Land, Land improvements, Infrastructure, buildings, building improvements, vehicles, Equipment, works of Art and Historical Treasures, and all other tangible or intangible assets that meet this definition. A Capital Asset should be self-contained for its primary function (not a component part of any other assets); Expenditures that meet or exceed thresholds are recorded as capital assets and depreciated over their Useful Life rather than being treated as an expense in the accounting period the cost is incurred.

Useful Life - the time period over which an asset is expected to provide service potential.

Equipment - physical assets that are not permanently affixed to buildings.

Artwork or Historical Treasures - consists of tangible objects held primarily for their cultural and social value, rather than their functional, operational, or economic value. They include items held because of their aesthetic nature as artistic impressions (works of art) or their association with historical events, accomplishments, persons, cultures, or eras (historical treasures). This can include monuments.

Library Materials - includes general collections of library holdings of the University libraries (not departmental reference libraries). General collections include general books, periodicals, reference materials, microfilm, maps, manuscripts, etc.

Infrastructure - includes streets, pavements, landscaping, utility and telephone distribution systems, and parking lots. All identifiable costs are included such as (but not limited to) contract costs and insurance costs during the period of construction.

Land or Real Property - the term real property refers to land. Land, in its general usage, includes not only the face of the earth but everything of a permanent nature over or under it. This includes structures and minerals. Land acquired by gift or bequest is recorded at the fair market value at the date of acquisition.

Livestock - animals used for instruction in agriculture or held for herd or flock perpetuation/improvement. Livestock is always valued at fair market value.

Direct Costs (software) - include the cost of the software or fair market value of the software if acquired by gift, and any projected direct costs such as consulting expense needed to install, configure, code and test the software.

Non-University Owned - an asset that is titled to an entity other than the University but is in the University’s possession. The thresholds applicable to University owned Equipment apply here unless the owner requires a different threshold in which case the Asset Management system will be used to track the Equipment.

Sponsored Purchased/University-owned - Equipment purchased in whole or in part with federal or other sponsoring agency funds with title vested to the University.

Sponsored Purchased/ Government-owned Equipment - Equipment purchased with federal funds with title vested to the federal government is considered “government-owned Equipment.”

Government-furnished Property - Equipment in the possession of, or acquired directly by, the federal government and subsequently delivered or otherwise made available to the University under a grant or contract is considered “government-furnished property.” Title to government-furnished property remains with the government, regardless of the Equipment’s value.

Accountabilities

UM System Supply Chain – Asset Management:

Establish and maintain the records and procedures necessary for the accountability of Capital Assets
Evaluate reports to identify Equipment, Art and Historical Treasures, software and determine if they qualify as capital assets
Tag capital assets and enter details into Asset Management for Equipment, Art and Historical Treasures, and software
Maintain inventory records for capital Equipment.
Enter assets into Asset Management for Art and Historical Treasures

UM System Controller’s Office:

Establish and maintain policy for the capitalization of assets
Work with campus accounting offices for capitalization of software
Oversee the financial impacts of recording capital vs non-capital assets and expenses in the General Ledger

UM System Office of Facilities Development and Planning:

Establish limits for internal labor resources on university constructed assets

Campus Accounting Offices:

Enter Land, buildings, Infrastructure, Livestock and Library Materials into the Asset Management system
Reconcile capital purchases to Asset Management additions
Execute adjusting entries to Asset Management and the General Ledger
Obtain a list of all non-cash gifts from the campus advancement office to ensure all Capital Asset gifts are captured in Asset Management and General Ledger
Record the increase/decrease in purchased Livestock from the prior year-end
Work with departments and UM System Controller’s Office to determine software capitalization.

Campus Advancement Offices:

Inform campus accounting office of all non-cash gifts

Departments:

Communicate any additions, disposals, or movements of Equipment to the Asset Management Office
Report inventories of Livestock to campus accounting office
Notify the advancement office of Equipment that has been obtained from donations
Ensure all capital purchases are properly recorded in a capital account

Additional Details

Example Of Capital Asset

Forms

Related Information

Policy 22405 on Depreciation
Policy 24007 on Inventory of Movable Property and Equipment

History

Revised on July 1, 2020 to remove interest as a costs to be added to the value of the capital asset recorded.

This policy combines the following former policies:

Accounting Policy Manual 20.05.05 – Capital Assets – Artwork (revised 5/1/2007)
Accounting Policy Manual 20.05.10 – Capital Assets – Buildings and Improvements (revised 5/1/2007)
Accounting Policy Manual 20.05.40 – Capital Assets – Equipment (revised 2/11/2015)
Accounting Policy Manual 20.05.45 – Capital Assets – Land (revised 5/1/2007)
Accounting Policy Manual 20.05.50 – Capital Assets – Library Books (revised 5/1/2007)
Accounting Policy Manual 20.05.55 – Capital Assets – Livestock (revised 5/1/2007)
Accounting Policy Manual 20.05.60 – Capital Assets – Software Development and Purchase (revised 5/11/2011)
Accounting Policy Manual 20.25 – Non-University Owned Assets (revised 10/20/2008)
Purchasing Policy Manual 801 – Equipment

Procedure

UM System Supply Chain – Asset Management site
Capital Account Chartfield Listing: 770000 - 799700
Facilities Management Policy and Procedure Manual

Reviewed 2020-06-30

This chapter contains the following topics:

1.1 JD Edwards EnterpriseOne Capital Asset Management Overview

The JD Edwards EnterpriseOne Capital Asset Management (CAM) system from Oracle enables you to maintain and service equipment to reduce downtime and repair costs, increase productivity, and improve product quality. You can track the revenue, cost, and use of the assets, and you can use workflow alerts to plan and resolve issues before they become emergencies.

Capital Assets Vs Non Capital Assets

You can use the maintenance features of JD Edwards EnterpriseOne CAM to manage all aspects of equipment and machinery maintenance in the organization, such as:

Creating equipment register and information.
Scheduling preventive maintenance.
Receiving and responding to cases.
Planning of parts and labor.
Purchasing parts and materials.
Assigning resources.
Tracking the status of preventive and corrective tasks.

1.2 JD Edwards EnterpriseOne Capital Asset Management Business Processes

This diagram illustrates the JD Edwards EnterpriseOne CAM business process flow:

Figure 1-1 Process flow for Capital Asset Management

Description of 'Figure 1-1 Process flow for Capital Asset Management'

1.3 JD Edwards EnterpriseOne Capital Asset Management Integrations

The JD Edwards EnterpriseOne CAM system integrates with these JD Edwards EnterpriseOne systems:

JD Edwards EnterpriseOne Foundation - Address Book.
JD Edwards EnterpriseOne General Ledger.
JD Edwards EnterpriseOne Job Cost.
JD Edwards EnterpriseOne Accounts Payable.
JD Edwards EnterpriseOne Payroll.
JD Edwards EnterpriseOne Fixed Assets.
JD Edwards EnterpriseOne Foundation - Work Order.
JD Edwards EnterpriseOne Inventory Management.
JD Edwards EnterpriseOne Procurement.
JD Edwards EnterpriseOne Product Data Management.
JD Edwards EnterpriseOne Shop Floor Management.
JD Edwards EnterpriseOne Requirements Planning.
JD Edwards EnterpriseOne Resource Assignments.
JD Edwards EnterpriseOne Customer Relationship Management.

JD Edwards EnterpriseOne CAM also integrates with this third-party system: Intelligent Graphic Solution (IGS).

Note:

Your company might not have licensed all of these systems. Check with the system administrator to verify which systems have been purchased and installed.

Because JD Edwards EnterpriseOne systems are integrated, you need to enter the vital information about a piece of equipment only one time. When you create equipment masters and supplemental information for a piece of equipment, the system stores the information in the Asset Master table (F1201) and the Equipment Master Extension table (F1217). Many JD Edwards EnterpriseOne systems that you use can then access the information.

System integration also helps ensure that equipment information is consistent throughout the organization. This consistency saves considerable time and money, especially when you need to update or revise equipment information.

1.3.1 JD Edwards EnterpriseOne Foundation - Address Book

Every JD Edwards EnterpriseOne system from Oracle works with JD Edwards EnterpriseOne Foundation - Address Book from Oracle to retrieve up-to-date employee, supplier, and other applicable name and address information.

1.3.2 JD Edwards EnterpriseOne General Ledger

When you enter equipment transactions (including billing transactions), you must process them through the general ledger.

You enter all statistical values, such as miles, gallons, and hours into the general ledger.

When you charge a job for equipment use, the system searches the Account Master for the appropriate rate and account to bill.

1.3.3 JD Edwards EnterpriseOne Job Cost

You can manage projects and jobs, and monitor the costs and revenues that are associated with them.

1.3.4 JD Edwards EnterpriseOne Accounts Payable

You can enter equipment charges. When you process equipment parts orders through the JD Edwards EnterpriseOne Procurement system, the system automatically enters the equipment number from the purchase order to the accounts payable voucher.

1.3.5 JD Edwards EnterpriseOne Payroll

You can:

Enter equipment time for billing purposes.
Charge for labor that is associated with operating or repairing equipment.
Charge to a work order or a work order labor routing step depending on level of detail required by using a specific labor routing step.

1.3.6 JD Edwards EnterpriseOne Fixed Assets

JD Edwards EnterpriseOne Fixed Assets system shares many tables with JD Edwards EnterpriseOne Plant and Equipment Management, such as:

Asset Master table (F1201) - Stores equipment master information
Asset Account Balances File table (F1202) - Stores equipment account balance information

JD Edwards EnterpriseOne Plant and Equipment Management also uses automatic accounting instructions (AAIs) from JD Edwards EnterpriseOne Fixed Assets.

1.3.7 JD Edwards EnterpriseOne Foundation - Work Order Processing

You can track, schedule, and report on preventive and corrective equipment maintenance activities.

You can attach parts lists and labor detail steps to the work order to assist in planning the work requirements.

1.3.8 JD Edwards EnterpriseOne Inventory Management

You can:

Track and take inventory of repair parts.
Attach parts lists to work orders.

1.3.9 JD Edwards EnterpriseOne Procurement

You can create purchase orders directly from the work order parts list and from other maintenance planning functions within JD Edwards EnterpriseOne Plant and Equipment Management.

A purchase order includes the equipment number, which the system automatically enters in related forms and tables, such as:

Accounts payable entry
General ledger
Equipment ledger

1.3.10 JD Edwards EnterpriseOne Product Data Management

You can create bills of materials, work centers, and routings. You can also access information about bills of material, work centers, routing instructions, and work center costs.

1.3.11 JD Edwards EnterpriseOne Shop Floor Management

You can use the bills of material and routing instructions to plan and schedule work, and to commit and track usage of labor and materials within the plant. JD Edwards EnterpriseOne CAM and JD Edwards EnterpriseOne Shop Floor Management share the same tables and the majority of the business logic.

1.3.12 JD Edwards EnterpriseOne Requirements Planning

You can plan labor and the material needed for parts, for both forecasted work orders and for actual work orders. The system enables you to manage the supply and demand of inventory parts to ensure that the necessary stock is available to fulfill work orders.

1.3.13 JD Edwards EnterpriseOne Resource Assignments

You can assign a crew or individual resources to a work order or to specific labor detail steps while checking the current availability and assignments of the resources. Resource requirements planning supports time dependant material and capacity plans based on forecasted and actual work order requirements.

1.3.14 JD Edwards EnterpriseOne Customer Relationship Management

Within the support applications of JD Edwards EnterpriseOne Customer Relationship Management (CRM), you can use the JD Edwards EnterpriseOne Case Management module to record and track customer issues, such as equipment failures, and convert them to work orders for repair.

1.3.15 Intelligent Graphic Solution

Intelligent Graphic Solution (IGS) is a third-party product that you can purchase separately from JD Edwards EnterpriseOne CAM. It is not a requirement of JD Edwards EnterpriseOne CAM.

IGS is a graphical tool that can illustrate equipment, buildings, and inventory item assemblies. You can see each item or part in picture format, and in relation to its parents or other components. You can see an entire assembly, select parts from the graphic, and return the item number to the parts list in JD Edwards EnterpriseOne.

1.4 JD Edwards EnterpriseOne Capital Asset Management Implementation

This section provides an overview of the steps that are required to implement the JD Edwards EnterpriseOne CAM system.

In the planning phase of the implementation, take advantage of all JD Edwards EnterpriseOne sources of information, including the installation guides and troubleshooting information.

Capital Asset Accounting

When determining which electronic software updates (ESUs) to install for JD Edwards EnterpriseOne CAM, use the EnterpriseOne and World Change Assistant. EnterpriseOne and World Change Assistant, a Java-based tool, reduces the time required to search and download ESUs by 75 percent or more and enables you to install multiple ESUs at one time.

See JD Edwards EnterpriseOne Tools Software Updates Guide.

1.4.1 Global Implementation Steps

The suggested global implementation steps for JD Edwards EnterpriseOne CAM are:

Set up global user-defined codes (UDCs).
See JD Edwards EnterpriseOne Tools Foundation Guide
Set up companies, fiscal date patterns, and business units.
See 'Setting Up Organizations' in the JD Edwards EnterpriseOne Applications Financial Management Fundamentals Implementation Guide.
Set up next numbers.
See JD Edwards EnterpriseOne Tools Foundation Guide
Set up accounts, and the chart of accounts.
See 'Setting Up Bank Accounts' in the JD Edwards EnterpriseOne Applications Financial Management Fundamentals Implementation Guide.
See also 'Creating the Chart of Accounts' in the JD Edwards EnterpriseOne Applications Financial Management Fundamentals Implementation Guide.
Set up the General Accounting constants.
See 'Setting Up the General Accounting System' in JD Edwards EnterpriseOne Applications General Accounting Implementation Guide.
Set up multicurrency processing, including currency codes and exchange rates.
See 'Setting Up General Accounting for Multicurrency Processing' in the JD Edwards EnterpriseOne Applications Multicurrency Processing Implementation Guide.
See also 'Setting Up Exchange Rates' in the JD Edwards EnterpriseOne Applications Multicurrency Processing Implementation Guide.
Set up ledger type rules.
See 'Setting Up Ledger Type Rules for General Accounting' in the JD Edwards EnterpriseOne Applications General Accounting Implementation Guide.
Enter address book records.
See 'Entering Address Book Records' in the JD Edwards EnterpriseOne Applications Address Book Implementation Guide.
Set up inventory information such as branch/plant constants, default locations and printers, manufacturing and distribution AAIs, and document types.
See 'Setting Up the Inventory Management System' in the JD Edwards EnterpriseOne Applications Inventory Management Implementation Guide.
Set up shop floor calendars.
See 'Setting Up Shop Floor Management' in the JD Edwards EnterpriseOne Applications Shop Floor Management Implementation Guide.
Set up manufacturing constants.
See 'Setting Up Manufacturing Constants' in the JD Edwards EnterpriseOne Applications Shop Floor Management Implementation Guide.

1.4.2 Capital Asset Management Implementation Steps

The suggested application-specific implementation steps for JD Edwards EnterpriseOne CAM are:

Set up constants for work orders.
See Setting Up Constants for Work Orders.
Set up Service and Warranty Management (SWM) constants.
See Setting Up Constants.
Set up UDCs for CAM.
See Understanding UDCs for CAM.
Set up UDCs for resource planning.
See Understanding UDCs for Resource Planning.
Set up UDCs for parts planning.
See Setting Up UDCs for Parts Planning.
Set up default locations and printers.
See Setting Up Default Locations and Printers.
Set up equipment billing information.
See Setting Up Equipment Billing.
Set up failure analysis information.
See Working with Failure Analysis.
Set up general planning information.
See Understanding General Planning Information.
Set up inventory in the Item Master.
See Setting Up Inventory in the Item Master.
Set up inventory management and procurement.
See Setting Up Inventory Management and Procurement for CAM Users.
Set up next numbers for equipment and work orders.
See Setting Up Next Numbers for EquipmentSetting Up Next Numbers for Work Orders.
Set up product model and family combinations.
See Setting Up Product Family and Model Combinations.
Set up record type formats.
See Understanding Record Types.
Set up resource planning.
See Setting Up Resource Planning.
Set up specification data for equipment.
See Setting Up Specification Data for Equipment.
Set up supplemental data for equipment.
See Setting Up Supplemental Data for Equipment.
Set up equipment locations.
See Processing Location Billings.
Set up supply and demand inclusion rules.
See Understanding Supply and Demand Inclusion Rules.
Set up work order default codes.
See 'Setting Up Default Managers and Supervisors' in the JD Edwards EnterpriseOne Applications Work Orders Implementation Guide.
Set up work order history.
See Setting Up Work Order History.
Set up work orders for unscheduled maintenance.
See Setting Up Work Order History.
Set up work order activity rules.
See 'Setting Up Activity Rules for Work Orders' in the JD Edwards EnterpriseOne Applications Work Orders Implementation Guide.
Set up standard parts lists and work order instructions.
See Setting Up Standard Parts Lists and Work Order Instructions.
Set up preventive maintenance schedules.
See Setting Up Preventive Maintenance.
Set up maintenance rules.
See Setting Up Maintenance Rules.
Set up model work orders.
See Creating Model Work Orders.

1.5Business Interface Integration Objects

Asset Tracking And Inventory Management

A business interface is a set of components that implementation teams can use to create an integration between JD Edwards EnterpriseOne and an external system. Business interfaces can include one or more of these business interface components:

Business Services
Real-Time Events
Batch Import and Export Programs