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Oracle E-Business Suite 12 Financials Cookbook

You're reading from   Oracle E-Business Suite 12 Financials Cookbook Take the hard work out of your daily interactions with E-Business Suite financials by using the 50+ recipes from this cookbook

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Product type Paperback
Published in Aug 2011
Publisher Packt
ISBN-13 9781849683104
Length 384 pages
Edition 1st Edition
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Author (1):
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Yemi Onigbode Yemi Onigbode
Author Profile Icon Yemi Onigbode
Yemi Onigbode
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Table of Contents (15) Chapters Close

Oracle E-Business Suite 12 Financials Cookbook
Credits
About the Author
About the Reviewer
www.PacktPub.com
1. Preface
1. Creating Items in Inventory FREE CHAPTER 2. Purchasing Items in Procurement 3. Paying Supplier Invoices in Payables 4. Managing Assets 5. Selling Items to Customers in Order Management 6. Receiving Funds in Receivables 7. Managing Cash 8. Defining Transactions for the General Ledger 9. End of Period Processing

Chapter 4. Managing Assets

In this chapter, we will cover:

  • Adding assets

  • Adjusting assets

  • Depreciating assets

  • Retiring assets

  • Reviewing asset accounting transactions

Introduction

Assets used in an organization need to be maintained and accounted for. Assets can be loaded from payables, projects, or from spreadsheets using Web Application Desktop Integrator (ADI). In this chapter, we will look at how to maintain assets by adding, adjusting, transferring, depreciating, and retiring assets. We will also review asset accounting transactions. Let's start by looking at the asset management process.

The following diagram summarizes the asset management process:

  1. 1. The Employee requests the asset.

  2. 2. An Approver authorizes that the asset can be used by the employee.

  3. 3. The Asset Manager procures the asset or issues the asset out of inventory. The asset is added to Oracle assets.

  4. 4. The Employee uses the asset.

  5. 5. Any adjustment that needs to be made to the asset including costs, reallocations, and so on...

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