Oracle Business Flow: Assets to Depreciation Accelerator

Receipt to Assets
Planned Work to Maintain Asset
Unplanned Work to Maintain Asset

Fixed Asset Management

FM1108
FM1108 FM0959
FM0959 FM1103
FM1103 FM1901
FM1901 FM1903
FM1903
Manage
Manage Capitalize
Capitalize Transfer
Transfer Reclassify
Reclassify Adjust
Adjust Asset
Asset
Fixed
Fixed Assets
Assets CIP
CIP Fixed
Fixed Asset
Asset Financial
Financial
Inventory
Inventory Asset
Asset Assets
Assets Information
Information

• Asset Inventory • Capitalize a CIP asset • Assets can be moved • Assets can be • Assets cost or life can
reports are run and when you are ready to to new locations classified to a new be adjusted as
verified with actual place it in service. and/or (account) category. needed.
Inventory. • Reverse capitalize a assignments.
CIP Asset to take out
of service

FM1104 FM1904
FM1904 FM1926 FM0480 FM1912
FM1912
FM1104 FM1926 FM0480
Manage
Manage Fixed
Fixed Estimate
Estimate Manage Calculate Report
Report
Manage Calculate
Asset Future
Future Tax Asset Property
Asset Tax Books
Books Asset Property
Loss/Disposal
Loss/Disposal Depreciation
Depreciation Depreciation Tax
Tax
Depreciation
Expense
Expense
• Company owned • The process of • Assets are copied • Depreciation is • The process of
assets disposed calculating future from the Corporate calculated for the Tax reporting assets by
• Asset is retired depreciation expense book to the Tax Books location for property
• Proceeds of sale, given a static fixed Book. tax assessment.
cost of removal, and asset mix.
any gains or losses
are recorded
• If asset is lost,
destroyed or stolen, it Period End Close to Financial Reports
is retired.

Financials

Enterprise Roles

Fixed Asset Accountant

Accounting Manager

Not included in Accelerator Offering Tax Accountant

Copyright © 2005, Oracle Corporation. All rights reserved.

October 12, 2005 Release 11i.10 Slide 1