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Fixed Assets
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Set up Steps
Define the account type of an account in GL.
Responsibility: General Ledger
Navigation: / Setup / Flexfields / Key / Values
Define the segment qualifier “Account Type” as either Asset or Expense

Define the asset clearing and CIP clearing accounts for an asset book

Responsibility: Fixed Assets

Navigation: / Setup / Asset System / Categories
A complete account is set up in this screen. However, for the mass additions process, only the
natural account segment is evaluated. You can use the same natural account with different
company or cost centers, and they will still be selected as an asset. This means that you must set
up a different natural account segment for every asset book you use.

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Fixed Assets

Enter an invoice and ensure the track as asset flag is selected

Responsibility: Payables
Navigation: / Invoices / Entry / Invoice Batches or Invoices / Lines / Distributions

Note: In the distributions screen, the Track as Asset field is not displayed by default. It is
automatically checked for all asset type accounts and cannot be unchecked. To set the flag for
expense type assets, go to the / Folder / Show Field option and elect to display the Track as
Asset field.

Optionally, enter the Asset Book and Asset Category on the invoice line. If these values are
entered on the invoice line, the asset book and asset category will default to the distribution
line. When the item is transferred to FA, the distribution amount will default to the asset
category and asset book assigned in payables.

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

 Fixed Assets
Responsibility: Payables
Navigation: / Invoices / Entry / Invoice Batches or Invoices / Lines

Requirements to Transfer Lines to FA —In order for an invoice distribution amount to

be transferred to FA, the invoice must meet the following conditions:

 The invoice is approved.

 The invoice line distribution is finally accounted.
 The invoice distribution line is charged to an account set up as an asset type account
(CIP or capitalized assets) or an expense type account (expensed asset).
 If an invoice distribution charge account is an asset type account, then that account
must be set up in Fixed Assets on an asset category as either an Asset Clearing
Account or a CIP Clearing Account. If it is not set up, the mass additions create
process will select the invoice distribution line for evaluation, but it will be rejected by
the FA code. At that point, the assets_addition_flag is set to ‘N’ as the line was
evaluated, but rejected.

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

 Fixed Assets

 The “Track as Asset” check box is selected. This checkbox is automatically

checked if the distribution charge account is an asset type account and cannot be
changed. For expense type accounts, this box can be checked or unchecked. For
other account types. The “Track as Asset” check box remains greyed out and
cannot be selected.
 The accounting/GL date on the invoice line distribution is on or before the date
specified for the Create Mass Additions request
 In a multiple organizations set up, the Payables operating unit must be tied to the
same General Ledger Set of Books as the corporate book.
 The user running the mass additions create responsibility must have access to the
ledger to be processed.

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets
Create PO for Capital Item

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Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets
In Cost management module we have to run
•Create accounting cost management.
•Create accounting Receiving.

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets
In AP We have run reports to Transfer data to FA.
•Mass addition create From AP
•Mass addition create Report. From FA

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.

Fixed Assets

Copyright © 2006 Oracle. All rights reserved. Internal use ONLY.