Physical Inventory Use the physical inventory feature to ensure that the assets in your asset book physically exist and are in use in your business. Record the existence, location, employee assignment, and number of units for each asset of your company. Record physical inventory details for assets manually or by using a barcode scanner. After …
What if Analysis This guide will walk you through a series of actions in accessing specific sections to entering data and generating reports, which will help you experiment with data. You can see the impact of various scenarios before saving the data, which is useful for manipulating values to produce the results you want. To …
Asset Retirement Processing Retire an asset when it is no longer in service. For example, retire an asset that was stolen, lost, or damaged, or that you sold or returned. This guide will provide a detailed process of retiring the asset by cost or units in Oracle Fusion. Click on Navigator Icon to access the …
Asset Transfer Processing within and across Vertical (Asset Book) Enhance your skills in managing asset transfers with precision. Follow these detailed instructions to transfer assets between employees, depreciation expense accounts, and locations. To transfer assets, navigate to the Assets work area by clicking on Navigator, expand the Fixed Assets menu, and then select the Assets …
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CIP Capitalization Processing (From Payables) A construction-in-process (CIP) asset is an asset you construct over a period of time. Create and maintain your CIP assets as you spend money for raw materials and labor to construct them. Since a CIP asset is not yet in use, it does not depreciate and is only in the …
Depreciation Processing This guide will walk you through the steps involved in executing the depreciation process and viewing the accounting entry and depreciation amount in Oracle Fusion Fixed Assets. Click on Navigator icon to access the Fixed Assets Module. Click on the Assets submenu by expanding the Fixed Assets menu. After landing in the fixed …
Expensed Assets Low-value assets and assets that do not depreciate but are nevertheless tracked as assets are classified as expensed assets. They are only used for tracking purposes, and the entire cost for these assets are expensed when the asset is acquired. There will be no accounting for these assets in fixed asset module and …
Asset Addition Processing with Asset Split Merge Option This guide will walk you through the entire process of creating assets with the merge functionality and the mass addition lines split feature. Click on Navigator Icon to access the Fixed Assets module Click on the Assets submenu by expanding the Fixed Assets menu. Mass addition lines …
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Asset Additions This guide will walk you through the process of adding assets in Oracle Cloud. From viewing asset details to generating reports and performing various actions, each step is outlined clearly for a smooth asset addition experience. This invoice was made to document the acquisition of fixed assets. After selecting the View tab, expand …
Asset Adjustments This guide will walk you through the process of making a variety of adjustments on assets, including changing the asset’s category in Oracle Fusion, transferring the source line from one asset to another, and changing its financial details. Click the Adjust Assets from the task list to make changes to the asset. After …