WWW.ERPTREE.

COM
Application: Oracle Fixed Assets
Title: Asset Reclassification
Content
About Asset Reclassification …………………………………………3
Steps Required for Asset Reclassification…………………………….2
1. Create New Asset Category……………………………………..4
2. Query the Asset for which you want Change the Category…….8
3. Query the Asset to Check the Result …………………………..13
4. Create Mass Reclassification Transaction……………………...17
5. Run the Final Mass Reclassification……………………………22

WWW.ERPTREE.COM Asset Reclassification 2

About Asset Reclassification
Asset reclassification is used to reclassify the asset from one category to another category

It can be done in two ways

1. Single asset reclassification

2. Mass reclassification

Single asset reclassification: Changing category information for single asset is called single asset
reclassification

Mass reclassification: Changing category information for group asset at a time is called mass
reclassification

WWW.ERPTREE.COM Asset Reclassification 3

Step-1 Create New Asset Category
Application: Fixed Assets

Nav: Setup  Asset System  Asset Categories

1. Select major asset category

2. Select new minor asset category
3. Select category type
4. Select ownership
5. Select asset book
6. Select mandatory accounts
7. Click on default rules

WWW.ERPTREE.COM Asset Reclassification 4

1. Select depreciation method
2. Select prorate convention method
3. Save it

WWW.ERPTREE.COM Asset Reclassification 5

1. Place the curser at asset book and say new
2. Select tax book
3. Select mandatory accounts
4. Click on default rules

WWW.ERPTREE.COM Asset Reclassification 6

1. Select depreciation method
2. Select prorate convention method
3. Save it

WWW.ERPTREE.COM Asset Reclassification 7

Step-2 Query the Asset for Which You want Change the Category
Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Enter asset number

2. Select asset book
3. Click on find

WWW.ERPTREE.COM Asset Reclassification 8

1. Place the curser at asset number
2. Click on open s

WWW.ERPTREE.COM Asset Reclassification 9

1. Click on asset category and check the asset existing category
2. Remove the existing category

WWW.ERPTREE.COM Asset Reclassification 10

1. Select new asset category which we created
2. Click on ok

WWW.ERPTREE.COM Asset Reclassification 11

1. Click on done

WWW.ERPTREE.COM Asset Reclassification 12

Step-3 Query the Asset to Check the Result
Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Enter asset number

2. Select asset book
3. Click on find

WWW.ERPTREE.COM Asset Reclassification 13

1. Place the curser at asset number
2. Click on open

WWW.ERPTREE.COM Asset Reclassification 14

1. Click on at asset category

WWW.ERPTREE.COM Asset Reclassification 15

1. Asset category is changed

WWW.ERPTREE.COM Asset Reclassification 16

Step-4 Create Mass Reclassification Transaction
Application: Fixed Assets

Nav: Mass Transactions  Reclassification

1. Select asset book

2. Select asset type as capitalized
3. Select asset existing category
4. Select new asset category
5. Click on preview

WWW.ERPTREE.COM Asset Reclassification 17

1. Click on OK

WWW.ERPTREE.COM Asset Reclassification 18

1. Mass transaction number is generated
2. Click on OK

WWW.ERPTREE.COM Asset Reclassification 19

1. Place the curser at mass reclassification program
2. Click on output

WWW.ERPTREE.COM Asset Reclassification 20

1. Here we can see the mass reclassification preview out put

WWW.ERPTREE.COM Asset Reclassification 21

Step-5 Run the Final Mass Reclassification
Application: Fixed Assets

Nav: Mass Transactions  Reclassification

1. Query with mass transaction number

2. Click on run

WWW.ERPTREE.COM Asset Reclassification 22

1. Click on OK

WWW.ERPTREE.COM Asset Reclassification 23

1. Click on OK

WWW.ERPTREE.COM Asset Reclassification 24

1. Click on OK

WWW.ERPTREE.COM Asset Reclassification 25

1. Place the curser at mass reclassification program
2. Click on output

WWW.ERPTREE.COM Asset Reclassification 26

1. Here we can see the mass reclassification review output
2. Changed asset are displayed in this report

WWW.ERPTREE.COM Asset Reclassification 27

WWW.ERPTREE.COM Asset Reclassification 28
WWW.ERPTREE.COM Asset Reclassification 29
WWW.ERPTREE.COM Asset Reclassification 30
 WWW.ERPTREE.COM
Thanks for Reading this Article
(Oracle Apps Knowledge Sharing Center)

WWW.ERPTREE.COM Asset Reclassification 31