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Oracle Fusion PPM – Capitalization Process

The document outlines the steps to create and manage Capital Improvement Project (CIP) assets in Oracle Fusion PPM. It details the process of creating a CIP asset, assigning it at project or task levels, generating asset lines, transferring them to Fixed Assets, and posting them. Additionally, it explains how to trigger the tieback program to update asset numbers from the Fixed Asset module back to PPM.

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Ravi Tejaa Oosaravellii
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7 views

Oracle Fusion PPM – Capitalization Process

The document outlines the steps to create and manage Capital Improvement Project (CIP) assets in Oracle Fusion PPM. It details the process of creating a CIP asset, assigning it at project or task levels, generating asset lines, transferring them to Fixed Assets, and posting them. Additionally, it explains how to trigger the tieback program to update asset numbers from the Fixed Asset module back to PPM.

Uploaded by

Ravi Tejaa Oosaravellii
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Oracle Fusion PPM – Capitalization Process

1. Steps to create CIP Asset

a) Logged in to the Oracle application and navigate to Projects> Project Financial Management

b) Click on Create (+) icon to create a project

c) Enter the Project Details and click on Save and Continue


d) Navigate to “Manage Project Financial Settings” and then go to “Capital” tab

Note: Capital tab will only be visible if the project is capital in nature. We cannot create CIP assets over a non-
capital project.

e) Click on “+” button and select “Create Capital Asset” to create a CIP Asset. Once you click on “Create Capital
Asset” a popup will open.
f) Enter the asset details like Asset Name, Estimate In-Service Date, Actual In-Service Date, Asset Description,
Actual Units, Asset Category, Asset Key, Asset Location etc.

Note1: Project Asset Type is an important field, when Estimated is selected then that means Asset is not yet
ready to be transferred to Fixed Asset Module. Once the Asset is ready to be transferred to Fixed Asset, than at
that time we have to update the Project Asset Type to “As Built” only then we can transfer the asset to FA
module.

Note2: Asset Category, Asset Key, Asset Location, Book are basically defined in Fixed Asset module. We just use
these values while creating the CIP Assets. If you want to make these fields mandatory then please enable the
“Require Complete Asset Definition” checkbox in the Manage Project Type setup.

Note3: Depreciation Expense Account can be defaulted/derived automatically using the Transaction Account
Definition setup.
2. Steps to Assign CIP Asset

Assets can be assigned either at a project level or project task level. You can also assign multiple assets on
a single project or task.

a) If asset needs to be assigned at project level, select the specific asset under the asset assignment.
Click on “+” icon to add asset at project level.

Click on “+” icon to select the asset, and then click on save and close.
b) If asset needs to be assigned at project task level, then navigate to Manage Financial Project Plan.
Highlight the task where you want to assign asset and then click on Actions dropdown.

Navigate to Actions >> Manage Tasks >> Edit Task Details:

Go to “Asset Assignments” tab, select Specific Asset, Click on “+” button and select the asset. Click on
Save and Close.
Note1: You can either assign asset at project level or at Project Task level. For this demonstration
purpose we have assign the asset at project level.

3. Incur Project Cost and make sure that Project Cost should be accounted and posted to General
Ledger.

4. Generating the Asset Lines

Navigate to Projects >> Asset >> Task List >> Manage Capital Projects
Enter the Project Name or Number and click on Search button:

Highlight the project >> Actions >> Manage Capital Asset


Update the Project Asset Type as “As Built” and provide Actual In-Service Date with “Current Open Period of FA
Module”. Once populated, click on save and close.

Navigate to Task List >> Generate Asset Lines


Enter the parameters and submit the program.

Note: You can run this program for multiple projects as well.

Once the process is completed, Click on Task Panel > Manage Capital Projects

Enter the Project Name or Number and click on Search button:


Highlight the project >> Actions >> Manage Asset Lines

Asset Lines should be generated with the status as “Pending”

Note: You can club or group these asset lines based upon the “grouping level type” selected at the project type level.
5. Transfer the Asset Lines to Fixed Asset

Navigate to Project >> Assets >> Task List >> Transfer Assets to Oracle Fusion Asset .

Enter the parameters and submit the process.

Once the process is completed, Click on Task Panel > Manage Capital Projects
Enter the Project Name or Number and click on Search button:

Highlight the project >> Actions >> Manage Asset Lines

Asset Lines should be generated with the status as “Transferred”.


6. Posting the Asset Lines in Fixed Asset

Navigate to Fixed Assets >> Assets

Click on the Asset, that has been transferred from PPM

Enter the “Asset Key” and “Asset Location” information and change the Queue status to “Post”. Click
on Save and Close
Click on “Ready to Post” and then click on “Post All” button

Once the Asset is posted in FA module, Asset Number would be generated.

7. Trigger the Tieback program in PPM module

Navigate to Projects >> Asset >> Task List >> Manage Capital Projects
Click on Task List >> Update Assets information from Oracle Fusion Assets

Click on Submit button

Once this program is completed, Click on Task List >> Manage Capital Projects
Enter the Project Name or Number and click on Search button:

Highlight the project >> Actions >> Manage Capital Asset


Verify that Asset Number has been tied back from Fixed Asset module to PPM

Note: As part of the tieback program, only the asset number gets updated from Fixed Asset module to PPM module.
Other updates or changes will not be transferred from FA to PPM.

------------------------------------------------------------------------THANKS------------------------------------------------------------------------

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