Implementing Oracle Assets
You need to implement Oracle Assets before you can create asset lines for your CIP projects if you plan to interface assets to Oracle Assets. The following information is used by Oracle Projects to validate your asset definition:
- Automatic Asset Numbering
You may elect to interface asset costs without the category, location, depreciation expense account or asset number defined. You will then be required to add this information after the asset is posted to the mass additions table in Oracle Assets. However, you cannot create asset lines for an asset until it has a corporate book assigned to it. Whether a complete asset definition is required before interfacing the asset to Oracle Assets is determined by the Project Type setup in Oracle Projects.
There are no additional implementation requirements in either Oracle Assets or Oracle Projects to interface asset costs from Oracle Projects to Oracle Assets.
When Oracle Assets is not installed
When Oracle Assets is not installed, the capital projects forms disables the following fields:
- Depreciation Expense Account
