June 2011
Beginner to intermediate
412 pages
9h 28m
English
Content preview from Oracle PeopleSoft Enterprise Financial Management 9.1 ImplementationBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Summary
The Asset Management module is used to maintain an organization's fixed assets. These assets are characterized by the need to capitalize and depreciate them. New assets can be added using online pages or loaded automatically using the delivered interface program known as Transaction Loader.
Assets can be linked to multiple asset books to ensure that they can be processed differently according to different accounting regulations. An asset profile sets the default rules for asset processing, such as the depreciation method to be used, which are inherited by assets using that profile. This significantly reduces the new asset data entry efforts. If needed, these default rules can be overridden for an individual asset.
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