Oracle Business Flow: Assets to Depreciation

Receipt to Assets
Plan to Maintain Assets

Fixed Asset Management

FM1108
FM1108

Manage
Manage
Fixed
Fixed Assets
Assets
Inventory
Inventory
Asset Inventory
reports are run and
verified with actual
Inventory.

FM1104
FM1104

FM0959
FM0959

Capitalize
Capitalize
CIP
CIP
Asset
Asset
Capitalize a CIP asset
when you are ready to
place it in service.
Reverse capitalize a
CIP Asset to take out
of service.

FM1103
FM1103

FM1901
FM1901

Transfer
Transfer
Fixed
Fixed
Assets
Assets
Assets can be moved
to new locations
and/or (account)
assignments.

FM1904
FM1904

FM1903
FM1903

Reclassify
Reclassify
Asset
Asset

Adjust
Adjust Asset
Asset
Financial
Financial
Information
Information

Assets can be
classified to a new
category.

Assets cost or life can

be adjusted as
needed.

FM1926
FM1926

FM0480
FM0480

Manage
Manage Fixed
Fixed
Asset
Asset
Loss/Disposal
Loss/Disposal

Estimate
Estimate
Future
Future
Depreciation
Depreciation
Expense
Expense

Manage
Manage
Tax
Tax Books
Books

Calculate
Calculate
Asset
Asset
Depreciation
Depreciation

Company owned
assets disposed
Asset is retired
Proceeds of sale,
cost of removal, and
any gains or losses
are recorded
If asset is lost,
destroyed or stolen, it
is retired.

The process of
calculating future
depreciation expense
given a static fixed
asset mix.

Assets are copied

from the Corporate
book to the Tax Book.

Depreciation is
calculated for the Tax
Books.

FM1912
FM1912

Report
Report
Property
Property
Tax
Tax
The process of
reporting assets by
location for property
tax assessment.

Period End Close to Financial Reports

Enterprise Roles
Accountant

Copyright 1996, 2008, Oracle. All rights reserved

February 11, 2015

Release 12

Slide 1