2020 Fundamentals of PowerPlan Fixed Assets and Projects

2020 Fundamentals of PowerPlan Fixed Assets and Projects

About this course

This course is for any users of the PowerPlan Fixed Assets, Projects, or Cost Repository who need to quickly get to an intermediate level of understanding. Anyone who has not had Fundamentals training in the past would gain something from this course. Attendees will see how transactions flow into the system, through work orders, into assets, depreciation and finally retirement. The functional structure of the system is discussed including Locations, Accounts, and the Unit Catalog. We finish up with a step by step discussion of the PowerPlan month end closing processes and advanced query tricks in the Cost Repository.

Topics:

  • PowerPlan system architecture
  • Base Table Structure
  • Project Management
  • Construction Work in Process (CWIP) Reporting & Querying
  • Asset Transactions
  • Depreciation
  • Charge Repository
  • Month End Close Processing

 

Prerequisite:

A basic understanding of fixed asset accounting is beneficial, but not required. This is a basic to intermediate course.

Objectives:

At the end of this course, you will be able to:

  • Describe the different modules of the PowerPlan Suite and how they interact with one another
  • Describe the following concepts as they apply to the PowerPlan system: Location, Account, and Unit Catalog
  • Explain how to close work orders and factors that impact closings
  • Explain how dollars flow through the system for book purposes
  • Describe each step of the PowerPlan month end close process as well as how they interact with one another
  • Demonstrate the ability to use reports and queries to review information in the system related to Work Orders, Assets, Depreciation, and Charges

Intended Audience:

 New and Intermediate property accounting users or those wishing a refresher.

CPE Credit:

24 CPE credit hours possible (Accounting)

 

Fundamentals of PowerPlan Fixed Assets and Projects

Event Date Spaces left
Fundamentals of PowerPlan Fixed Assets and Projects March 16, 2020, 8:30 a.m. -
March 18, 2020, 5 p.m. EDT
20

About this course

This course is for any users of the PowerPlan Fixed Assets, Projects, or Cost Repository who need to quickly get to an intermediate level of understanding. Anyone who has not had Fundamentals training in the past would gain something from this course. Attendees will see how transactions flow into the system, through work orders, into assets, depreciation and finally retirement. The functional structure of the system is discussed including Locations, Accounts, and the Unit Catalog. We finish up with a step by step discussion of the PowerPlan month end closing processes and advanced query tricks in the Cost Repository.

Topics:

  • PowerPlan system architecture
  • Base Table Structure
  • Project Management
  • Construction Work in Process (CWIP) Reporting & Querying
  • Asset Transactions
  • Depreciation
  • Charge Repository
  • Month End Close Processing

 

Prerequisite:

A basic understanding of fixed asset accounting is beneficial, but not required. This is a basic to intermediate course.

Objectives:

At the end of this course, you will be able to:

  • Describe the different modules of the PowerPlan Suite and how they interact with one another
  • Describe the following concepts as they apply to the PowerPlan system: Location, Account, and Unit Catalog
  • Explain how to close work orders and factors that impact closings
  • Explain how dollars flow through the system for book purposes
  • Describe each step of the PowerPlan month end close process as well as how they interact with one another
  • Demonstrate the ability to use reports and queries to review information in the system related to Work Orders, Assets, Depreciation, and Charges

Intended Audience:

 New and Intermediate property accounting users or those wishing a refresher.

CPE Credit:

24 CPE credit hours possible (Accounting)

 

Live events

Fundamentals of PowerPlan Fixed Assets and Projects

Event Date Spaces left
Fundamentals of PowerPlan Fixed Assets and Projects March 16, 2020, 8:30 a.m. -
March 18, 2020, 5 p.m. EDT
20