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User Manual FA Txns

User Manual FA Txns

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Published by Lawal Mobolaji M
User Manual FA Txns
User Manual FA Txns

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Categories:Types, Research
Published by: Lawal Mobolaji M on Jun 11, 2013
Copyright:Attribution Non-commercial


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  • Overview of Assets Workbench
  • Assets Details
  • Asset Descriptive Details
  • Depreciation Rules (Books)
  • Assignments
  • Source Lines
  • Construction-in-Process (CIP) Assets
  • Asset Setup Processes (Additions)
  • Adding an Asset Accepting Defaults (Quick- Additions)
  • Adding an Asset Specifying Details (Detail- Additions)
  • Entering Financial Information (Detail Additions Continued)
  • Assigning an Asset (Detail Additions Continued)
  • Overview of the Mass Additions Process
  • Correcting Current Period Addition Errors
  • Changing Asset Details
  • Changing Financial and Depreciation Information
  • Changing financial information for a single asset
  • To change financial information for a single asset:
  • Changing financial information for a group of assets (Mass Change)
  • Reclassifying Assets
  • Reclassifying a single Asset to Another Category
  • Reclassifying a Group of Assets
  • Adjusting Units for an Asset
  • Transferring Assets
  • Transferring a single asset
  • Transferring a group of assets
  • Transferring Invoice Lines Between Assets
  • Changing Invoice Information for an Asset
  • To change invoice information for an asset
  • Asset Retirements
  • About Retirements
  • Partially or fully retiring an asset
  • Retiring a group of assets
  • Correcting Retirement Errors (Reinstatements)
  • Calculating Gains and Losses for Retirements
  • To calculate gains and losses for retirements:
  • Mass Retirements Report and Mass Retirements Exception Report
  • Depreciation
  • Depreciation Calculation
  • Running Depreciation
  • Projecting Depreciation Expense
  • Depreciation Projection Report
  • Unplanned Depreciation
  • Entering Unplanned Depreciation for an Asset
  • To enter unplanned depreciation for an asset:
  • Depreciating Assets Beyond the Useful Life
  • Accounting
  • Account Generator
  • Asset Accounting
  • Creating Journal Entries for the General Ledger
  • To create journal entries for the general ledger:
  • Journal Entries
  • Capital Budgeting
  • Budgeting for Asset Acquisition
  • Budget Open Interface
  • About Physical Inventory
  • Physical Inventory Comparison Program
  • Fixed Asset Insurance
  • Online Inquiries
  • Viewing Accounting Lines
  • View Accounting Windows
  • Performing a Transaction History Inquiry
  • To perform a transaction history inquiry:

1. Navigate to the Asset Workbench.
2. Find the asset for which you want to enter unplanned
depreciation, and choose the Books button.
3. In the Books window, enter a Book. You can enter unplanned
depreciation for an asset in a corporate or tax book.

Note: You cannot mass copy unplanned depreciation
amounts from the corporate to the tax book. If you want
to enter the same unplanned depreciation in the tax book,
you must enter it manually.

4. Optionally enter a reason for the unplanned depreciation in
the Comments field. You can use this field to find the transaction
later if necessary.

Page 72 of 132

5. Choose the Unplanned Depr button to open the Unplanned
Depreciation window.
6. Choose the unplanned depreciation Type.
7. Enter the amount of unplanned depreciation expense as a
positive or negative currency amount. Unless you are entering
unplanned depreciation for a credit asset, the unplanned
depreciation amount cannot exceed the net book value of the
8. Enter the complete unplanned depreciation expense account.
9. Check the Amortize From Current Period check box to
amortize the unplanned depreciation starting in the current
Alternatively, leave the check box unchecked if you want to
amortize the remaining net book value in a subsequent period.
Then, in the period you want amortization to start, enter an
unplanned depreciation amount of zero for the same asset and
expense account, and check the Amortize From Current Period
check box. Oracle Assets amortizes the net book value starting
in the period you perform this change.

Attention: The value of this check box overrides the
value of the Amortize Adjustment check box in the
Books window.

Attention: If you make any amortized adjustment,
for example a cost or life adjustment, to the asset
after entering an expensed or amortized unplanned
depreciation, Oracle Assets begins amortizing the
remaining net book value, which includes the
unplanned depreciation amount, from the period you
make the amortized adjustment.

10. Choose Done to save your work

Page 73 of 132

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