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Capital Budgeting

Chapter 8

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Cyrk Assets Chapter 8


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Budgeting for Asset Acquisition


To prepare the budget book for budget information:
You can enter budget information either at the major category level, or for
each department. Enter a budget amount for each period.
To manually enter or update a budget:
Step 1. Open the Capital Budgets window.
NBudgetEnter
Step 2. Choose the budget Book, asset Category, and general ledger
Expense Account for which you want to budget.
Step 3. Enter or update the budget amounts for this period.
The budget amount is the amount you plan to spend on new
assets in this category in this period for this expense account.

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Cyrk Assets Chapter 8


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Step 4. Save your work.


Step 5. Run the Budget Report.
This report lists details of budgeted amounts by expense
account category.
Step 6. Run the Budget-to-Actual Report.
This report lists the actual and budgeted amounts for each
category, and the percent variance between the two amounts. It
also shows you how much you spent for each category for
which you did not enter a budget amount.
To create budget assets in a budget book:
You can create an asset in the budget book for each budget amount,
category, and department. When you project depreciation, Oracle Assets
projects depreciation for these budget assets, to the detail entered. It
projects on a budget book based on the budget amounts you enter for each
period. So, if you have entered budget amounts for a year in advance, the

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projection includes projected depreciation for additions during all twelve


periods.
Step 1. Open the Upload Capital Budget window.
NBudgetUpload
Step 2. Enter the name of your budget Book.
Step 3. Choose Create Budget Assets.
Oracle Assets creates a budget asset for each category, expense
account, and budget amount you enter for each period in the
Capital Budgets window.
The period is determined by the calendar you assigned to the
budget book.

Step 4. Save your work.


To delete a budget:
Step 1. Open the Upload Capital Budgets window.
NBudgetUpload
Step 2. Enter the name of your budget Book.
Step 3. Choose Delete Existing Budget.

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Step 4. Save your work.

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1/18/2001 03:58:00 PM

Cyrk Assets Chapter 8


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