It's Time For an Asset Adjustment

Great Performances Sometimes Need a Little Correction

Even the greatest performers still work to hone their craft. Well, here, we're discussing how to perform adjustments that can correct or
update financial and depreciation information for single or multiple assets, so that you too can get a standing ovation for carrying out
your job so well.

What Kind of Adjustments?

Adjustments take many shapes, as illustrated in the following table:

Transaction Type Description

Change Financial Perform adjustments to change information, such as the asset cost, salvage information, and
Details depreciation information.

Transfer Source Transfer source lines between capitalized assets, construction-in-process (CIP) assets, capitalized
Lines and CIP assets, and CIP and capitalized assets.

Add Source Lines Add source lines to assets. Only manual source lines can be added to CIP assets.

Change Source Change all information for manual source lines. For source lines from source systems, such as
Lines Oracle Fusion Payables and Oracle Fusion Projects, you cannot change any information.

Change Category Change the asset category along with its descriptive flexfield information.
 Transaction Type Description

Suspend Stop calculating depreciation for the specified assets.

Depreciation

Resume Resume depreciating assets for which depreciation was previously suspended.
Depreciation

Enter Unplanned Enter the negative or positive unplanned depreciation for the current open period.
Depreciation

Delete Asset Delete assets added in the current period.

Change Group Asset Assign a standalone asset as a member of a group asset, transfer member assets from one group
asset to another group asset, or make a member asset a standalone asset.

Transfer Reserve Move reserve from one group asset to another group asset.

Let's Dig Deeper into Changing Financial and Depreciation Information

You can correct errors or update financial and depreciation information for one or more assets. You can also override depreciation
information for an asset while adding it.
You can update financial information:

In the period of addition

In the period after the period of addition
Changing Financial Information in the Period of Addition
You can change all financial information during the period in which an asset was added.

Changing Financial Information in the Period After the Period of Addition (You Follow?)
In any period after the one in which you added the asset, you can change any of the following:

Asset cost
Salvage value
Prorate convention
Depreciation method
Life
Rate
Bonus rule
Depreciation ceiling

When changing financial information, you can:

Adjust the same fields on fully reserved assets that you can adjust on assets for which you ran depreciation.
Choose whether to amortize or expense the adjustment.

If the asset is fully retired, you can't change any fields.