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Accounting for CIP and Asset Costs in Oracle Projects and Oracle Assets

You use AutoAccounting to determine how to account for all your project costs in Oracle Projects. For capital projects, you must define AutoAccounting to account for CIP and expensed costs.

When you use Oracle Projects to track your CIP projects, Oracle Projects acts as a subsidiary ledger for CIP assets, and Oracle Assets acts as a subsidiary ledger for capitalized (depreciable) assets only.

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