Скачать или смотреть Oracle Fusion Tutorial for beginners | Fixed Assets Fusion: How To change Asset Financial Details

in this video you will know how to change the financial details for your existing assets in Oracle Cloud fusion

Asset Adjustment Overview
Reclassifying an Asset
You assign an asset to a new category in the Asset Details window to update information,
correct data entry errors, and consolidate categories.
Adjusting Asset Units
You change the number of units for an asset in the Asset Details window which will then take
you to the Assignments widow to update the distribution and assignment information.
Adjusting Financial Information
You adjust the financial information in the Books window to correct an error, update the
financial and depreciation data, and expense or amortize the adjustment following the period in
which you added the asset.
Transferring an Asset
You transfer an asset when there are changes in asset assignments (Employee, Depreciation
Expense Account, and Location) to help you maintain accurate asset inventory. You use the
Assignments window in the Asset Workbench to transfer assets from one assignment to
another within a corporate book.

Mass Adjustments: How They're Processed
Use the mass adjustments interface tables to perform the following mass adjustments:
• Financial adjustments
• Category changes
• Depreciation rules changes
• Suspending and resuming depreciation
• Unplanned depreciation
• Source line transfers
• Deleting assets
• Capitalizing and reverse capitalizing assets
• Reserve transfers
• Group asset changes
• Adding source lines
• Editing source lines
• Deleting source lines
Populate the mass adjustments interface tables using the Application Developer Framework (ADF) desktop integration
spreadsheets or any external third party applications.
The mass adjustments interface uses a parent and child table to represent financial adjustments performed on assets
and their source lines. For example, while performing a source line transfer, both the FA_ADJUSTMENTS _T and
FA_ADJ_SRC_LINES_T tables are populated.

If you change financial information after you have run depreciation, you must choose one of the following:
• Expense
• Amortize
Expensed Adjustments
For expensed adjustments, Oracle Fusion Assets recalculates depreciation using the new information and expenses the entire
adjustment amount in the current period. Expensed adjustments result in a one-time adjusting journal entry.
Amortized Adjustments
You can set up amortized adjustments to have a retroactive start date by changing the default amortization start date (usually
the system date) to a date in a previous period. Any adjustment amount missed since the amortization start date is taken in
the current period.
If you amortize an adjustment for an asset, you can't expense any future adjustments for that asset in that book.
• Method adjustments
◦
For amortized method changes, Assets doesn't recalculate accumulated depreciation, but uses the new
information for the remaining time that the asset is in service.
◦
For table and calculated methods, Assets depreciates the cost minus the accumulated depreciation over the
remaining life of the asset.
Oracle Financials Cloud
Using Assets
Chapter 3
Asset Transactions
32
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For diminishing value methods, Assets calculates depreciation based on the recoverable net book value of the
asset as of the period that you make the change.
◦
If, instead, your depreciation method multiplies the flat-rate by the cost, Assets begins using the new
information to calculate depreciation.
◦
For life-based or capacity-based methods, Assets spreads the adjustment amount over the remaining life or
capacity of the asset.
◦
For flat-rate methods, Assets starts depreciating the asset using the new information.
If, instead, your depreciation method multiplies the flat-rate by the cost, Assets begins using the new
information to calculate depreciation.
• Bonus adjustments
◦
For assets with a cost-based depreciation basis, the bonus rate is applied to the cost.
◦
For assets with a net book value depreciation method basis, the bonus rate is applied to the cost minus the
total reserve (accumulated depreciation and bonus reserve).

Company: Oracle
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