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PURPOSE
To provide a test case example showing how to adjust the cost in Fixed Assets by
the Invoice Price Variance (IPV) value. It covers:
SCOPE
DETAILS
The following test case shows how to adjust the cost in Fixed Assets for an asset
created for a serialized depreciable item. Using Oracle Asset Tracking responsibility,
Vision Operations will adjust the asset cost in fixed Assets by the IPV value. The test
case will mainly cover the following business flows:
Test Case Pre-requisites
Complete all mandatory setup steps as per Test Case: How to Complete
Mandatory Setups For Oracle Asset Tracking [ID 1550972.1]
Create a serialized depreciable item as per Test Case: How to Create a
Normal or Depreciable Item For Use in Oracle Asset Tracking [ID 1550969.1]
Create an asset for a serialized depreciable item as per Test Case: How To Create
and Retire An Asset For A Depreciable Serial Item Without Using Projects [ID
1315218.1]
CheckPoint
2) Asset Number = 117918 has cost = 150 in Fixed Assets (same as receiving
transaction cost and PO cost as standard costing method was used) as shown
below:
1) When depreciable items are procured through Oracle Purchasing, they will be
eligible for capitalization once they are received in Oracle Inventory.
3) The cost value calculated by the Cost Manager for the Inventory receiving
transaction is the one that will be used when creating the Asses in FA (not the PO
price).
4) Moreover, when matching an invoice with this PO, the invoice value will be
created with the PO price which is different than the Asset Cost (for the reasons
explained above).
5) To adjust aset cost, you will need to create IPV adjustment.
6) Only depreciable items can have IPV adjusted in Oracle Assets directly.
Created and validated Invoice Number = 123 against PO Number = 6057 (same as
the cost of the receiving transaction used to create the asset in Step1) as shown
below:
1) The asset is created in Fixed Assets with cost = 150. However, the invoice is
created with Total Amount = 160.35 (Receiving transaction Cost: 150 + Tax: 10.35).
The cost different of 10.35 has to be adjusted in Fixed Assets.
Open Invoice Number = 123, click on Actions button, then select 'Create Accounting'
checkbox as shown below:
Before interfacing the IPV adjustements to Oracle Fixed Assets, the transaction has
to be accounted by creating accounting entries so that 'Interface Invoice Price
Variance to Oracle Assets' can update the cost for the existing asset.
CheckPoint
Run the Oracle Asset Tracking program 'Interface Invoice Price Variance to Oracle
Assets' for PO Number = 6057. This program brings the invoice cost from Oracle
Payables into Oracle Assets, and then update the Mass Addition table.
CheckPoint
select *
from fa_mass_additions
where po_number = '6057'
and invoice_number = '123';
Run 'Post Mass Additions' program for Asset Book = 'OPS CORP' to update the Asset
Cost in Oracle Fixed Asset as shown below:
CheckPoint
1) Post Mass Additions Report output shows Asset Number = 117918 has been
adjusted by IPV = 10.35 as shown below:
2) Cost of Asset Number = 117918 has been adjusted in Asset Workbench from 150
to 160.35