Fixed Asset Reorganization Parameter

The Fixed Asset Reorganization Parameter (FARO) reference page is not one that is referenced on any Fixed Asset Transaction, but is used by the Fixed Asset Reorganization system process. The transfer of a single asset is typically an event completed by a single user with the Fixed Asset Modification or Fixed Asset Transfer transaction. When multiple assets are being transferred, the Fixed Asset Reorganization Parameter page facilitates that process by defining combinations of old and new values. From this data the system will create the appropriate transaction.

All selection for this system process is based on department, and it is the Department field in the Responsibility Center COA fields (FT, FAIT, and FS), the system process will generate Fund/Sub Fund Edits Report when run in report or update mode to list any assets that cannot be processed with the system process and must be transferred manually.

The fields that are not already discussed in the topics under "FA Transaction Type" or are not common COA fields are listed below:

Field Name	Description
Reorganization Type	An indication that will control edits on the parameter page to ensure a record is established correctly and controls how the system process will read a record. Valid values include: Responsibility – required only values in the responsibility center set of fields and will lead to the creation of a Fixed Asset Transfer transaction. Location – requires only values in the location set of fields and will lead to the creation of a Fixed Asset Modification transaction. Both – allows for values in both sets of fields and will lead to the creation of a Fixed Asset Transfer transaction to change both types of information.
Process Sequence Number	Each record must be assigned a unique number to define the processing order.
Process Date	When the system process selects a record the system date is recorded here for informational and aging purposes.