FIXED ASSET LIFECYCLE MANAGEMENT

Oracle Fusion mounted Assets automates the quality management and simplifies quality accounting tasks. employing a unified supply of quality knowledge, mounted assets provides you visibility into your assets worldwide and conjointly offers knowledge security and performance access. Common place quality management tasks, like quality additions, disposals, quality transfers, money changes, reclassifications, and heritage knowledge conversions are often efficient with the machine-driven business flow. Commonplace accounting, operational, and written record reports are on the market for simple reconciliation and analysis
Fixed  Assets is directly integrated with the following application.
Oracle fusion Account payable
Oracle fusion project costing
Oracle fusion sub ledger accounting.
Integration  with  Oracle fusion accounts payables
You can add assets and value changes directly into Assets from invoice info in Account liabilities. The produce Mass Additions for Assets method sends valid invoice line distributions and associated discounts from Account liabilities to the Mass Additions interface table in Assets. You review the mass addition lines in Assets and verify whether or not to get assets from them or not.
Integrating   with oracle fusion project costing
You can collect construction in method (CIP) prices for capital assets you're coming up within Project cost accounting. once you end building your construction in method quality, you'll be able to capitalize the associated prices as quality lines in Project cost accounting and send them to Assets as mass addition lines. once you execute the Interface Assets method, Project cost accounting sends the valid capital quality lines to the Mass Additions interface table in Assets. You review the mass addition lines in Assets and confirm whether or not to form assets from them.
If you employ Fusion Project cost accounting to make CIP assets, you are doing not ought to produce CIP assets in Assets. For prices that originate in Account liabilities, you must send construction in method prices to Project cost accounting and capitalized prices to Assets
Integrated with oracle fusion  sub ledger  Accounting
Assets are fully attached with sub ledger  Accounting for making the accounting entries, transaction drill down, and reporting.
It runs the create accounting for assets process to create the journal entries for transaction events in assets. It uses the accounting reports to the review accounting information for your assets, to reconcile to the general ledger.

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