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You can adjust capital project costs before and after capitalization. For example, you may want to split the costs collected under common tasks into multiple CIP assets before you place them in service. Or, you may need to account for additional costs incurred after capitalization, since Oracle Projects allows you to place assets in service before completion of a project. You can also reverse capitalize an asset, if necessary.

When your CIP asset is built and ready to be placed in service, you can send the associated capitalized costs as asset lines to Oracle Assets. Oracle Assets places these imported mass addition lines in a holding area, where your fixed assets department can post the capitalized costs to become assets. Now you can begin using and depreciating your assets. You can review detail project transactions associated with the asset lines in Oracle Projects and Oracle Assets if necessary.

See Also

Creating a Capital Asset in Oracle Projects

Defining Assets

Use Grouping Levels to Summarize Asset Costs

Placing an Asset in Service

Creating and Preparing Asset Lines for Oracle Assets

Sending Asset Lines to Oracle Assets

Adjusting Assets After Interface

Accounting for CIP and Asset Costs in Oracle Projects