Oracle Fusion PPM – Capitalization Process
Oracle Fusion PPM – Capitalization Process
a) Logged in to the Oracle application and navigate to Projects> Project Financial Management
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.
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.
Navigate to Projects >> Asset >> Task List >> Manage Capital Projects
Enter the Project Name or Number and click on Search button:
Note: You can run this program for multiple projects as well.
Once the process is completed, Click on Task Panel > Manage Capital Projects
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 .
Once the process is completed, Click on Task Panel > Manage Capital Projects
Enter the Project Name or Number and click on Search button:
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
Navigate to Projects >> Asset >> Task List >> Manage Capital Projects
Click on Task List >> Update Assets information from Oracle Fusion Assets
Once this program is completed, Click on Task List >> Manage Capital Projects
Enter the Project Name or Number and click on Search button:
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.
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