Professional Documents
Culture Documents
Objectives
Objectives
Agenda
Asset Adjustments
Unit
Change
Reclass
Transfer
Oracle Assets
Change
Financial
Info
Changes
via APIs
Adjustment
Action Performed
Mass
Transaction
Available
Yes
Unit Change
No
Financial
Information
Transfer
Yes (Prorate
Convention,
Method, Life
only)
Yes
VEHICLE-LEASED
STANDARD
VEHICLE-OWNED
STANDARD
Reclassification Actions
Transfers the cost and accumulated depreciation to
the accounts associated with the new category
Depreciation expense already taken remains in the
account associated with the old category
Charges current depreciation expense according to
the new category
Reclassification Restrictions
Cannot reclassify fully retired assets
Does not redefault the depreciation rules to the
default rules from the new category
Mass Reclassification
VEHICLE-LEASED
STANDARD
VEHICLE-OWNED
STANDARD
BUILDING-OFFICE
STL 25 Yrs
BUILDING-MANUFACTURING
Plate=HBU123
Insurer=A1 Co
VEHICLE-OWNED
STANDARD
Expected
Results?
Change definition
No
Yes
Run Final
Program
Complete
No
Review
Later?
Yes
Run Review
Finish review
Recording a Reclassification
Cost $4,800
STL 4 Yr
Per 1
Per 4
Per 48
Dr
4,800
4,800
100
300
Cr
400
Adjusting Units
3 units
2 units
Assignments Window
Adjust Units -1
Salvage value
Life
Following
month prorate
convention
Financial information
adjustment
Capacity
Depreciation
method
Rates
Bonus rule
Cost Adjustment
3,600
In Period 11
Original Cost
7,200
36 Period Life
Depreciation Adj
1,000
No
Amortize
Adjustment ?
Yes
1,000
Current Period
40
(1,000 / 25 periods)
JAN-02
APR-02
SEP-05
(2)
Amort
Start Date
End of Life
Asset Added
Cost Adj
$24,000
$7,200
APR-02 Depreciation:
Depreciation Expense
Depreciation Expense
Adjustment
$480.00
After
Prorate
Convention
Prorate
Convention
Depreciation
Method
Depreciation
Method
Life
Life
Copyright 2007, Oracle. All rights reserved.
01
110
7320
0000
000
After
General Ledger Number
Depreciation
Expense
Accounts
Company
Cost Center
Account
Product
SubAcct
01
120
7320
0000
000
Locations
US-CA-SF-BLDG3
Charles Ackroyd
Employee 33
FR.GV.PA.BLDG3
Employees
Sandy Chen
Employee 117
From:
USA-VA-RICHMOND-H300
To:
USA-PA-PITTSBURGH-A450
Asset Revaluation
Enter physical
inventory
Run inventory
comparison
View
comparison
Reconcile
differences
Update assets
manually
Copyright 2007, Oracle. All rights reserved.
Excel Spreadsheet
via Web ADI
Manual Entry
Enter physical
inventory
SQL Loader
DIFFERENCE
NEW
NON-INVENTORIAL
NOT UNIQUE
RECONCILED
NO ASSET NUMBER
TO RECONCILE
Physical
Inventory
Asset Mgmt
System
Upload
Enter physical
inventory in
Web ADI
FA_INV_INTERFACE
table
Run Physical
Inventory
Comparison
Report
Summary
After completion of this module, you should now be
able to:
Discuss the various types of adjustments that can
be made to assets once they have been added to
the system
Discuss mass transaction capabilities for
reclassification, changes, transfers, and
revaluations
Discuss the implications of amortizing versus
expensing asset adjustments
Discuss Asset Maintenance
Explain the physical inventory feature of Oracle
Assets
Copyright 2007, Oracle. All rights reserved.