Oracle ERP financial system-Fixed Assets

Source: Internet
Author: User

1. asset type

Asset type: capitalization, CIP, and Billing

Capitalization: refers to the assets that need to be calculated for depreciation.

CIP: it is an asset under construction and requires no depreciation. Depreciation starts after it is capitalized.

Cost: No depreciation is calculated, and the cost of the asset is processed as the cost.

 

2. Increased assets

You can add assets manually or automatically.

Automatic addition refers to the transfer of other modules (AP module or Pa module) to the asset module, and then the formation of fixed assets.

A) Steps for automatically adding assets (AP to FA)

(1) The payable module enters the invoice, distributes the invoice to the asset settlement account (generally "Fixed Assets-transit"), verifies the invoice, and generates accounting entries.

(2) run the "Accounts Payable Management System Accounting Process" request to import the payable invoices (payments) to the general ledger;

(3) run the "Create batch Add" request to import the asset invoices of the payable module to the asset module.

Note: One of the prerequisites for importing payable invoices to the asset module is to set the asset category. Different asset categories correspond to different asset settlement accounts and depreciation methods.

(4) in the asset module, open "prepare for batch addition", select the asset imported from the payable module, change the queue to "Post", and add the relevant information.
(5) Batch add posts
In this way, you can see the newly added assets in the asset workbench.

 

To be continue...

 

3. Asset Depreciation

A) depreciation method

Depreciation Methods for fixed assets are generally as follows:

L average age method/Straight Line Method

L workload Method

L progressive subtraction of double balances

L Sum of years

In EBS, the following types of depreciation methods are used: linear method, fixed ratio method, and yield depreciation method. The specific calculation method can be customized.

In FA, depreciation is recorded through "Operation Depreciation. Once depreciation is performed in the current period, transactions on assets will no longer be processed if the current period is not closed. To process a transaction, You need to roll back the operation depreciation.

This article from: http://blog.vsharing.com/wuxl/A562727.html

 

Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.