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Oracle E-Business Suite 12 Financials Cookbook by Yemi Onigbode

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

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