Defining Assets
In Oracle Projects, you can define assets you plan to build during the project. To define a CIP asset for a capital project, enter asset information, such as the date placed in service, asset location, employee assignment, and corporate asset book.
During project type setup, you specify whether the asset definitions must be complete in Oracle Projects before you can place the asset in service. See: Project Types. If your project type requires the asset definition to be complete before you can send the asset to Oracle Assets, you must enter the following fields:
- Book (unless you only have one Oracle Assets corporate book for the Oracle Projects set of books)
- Depreciation Expense Account
- Depreciate (default is yes)
- Amortize Adjustments (default is no)
To define assets in the Capital Projects window:
1. Navigate to the Capital Projects window.
2. Find the capital project for which you want to define assets in the Find Capital Projects window.
3. Choose the Assets button in the Capital Projects window.
4. Use the poplist in the Assets window to enter asset information in each alternative region.
Note: You must at least enter the Asset Name and Description to create a CIP asset.
To define assets in the Projects window:
1. Navigate to the Projects window.
2. Find the capital project for which you want to define assets in the Find Projects window.
3. Choose the Open button in the Projects, Templates Summary window.
4. Choose Asset Information, Assets from the Options list in the Project, Templates window.
5. Enter information for an asset. You can use the down arrow key or Edit, New Record from the menu if you want to enter more than one asset for this capital project.
Note: You must at least enter the Asset Name and Description to create a CIP asset.
See Also
Asset Window Reference
Creating a Capital Asset in Oracle Projects
Use Grouping Levels to Summarize Asset Costs
Assigning Assets to Grouping Levels
Placing an Asset in Service
