Cost and CIP Detail and Summary Reports (Oracle Assets Help)


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Cost and CIP Detail and Summary Reports

Use the Cost Detail and Cost Summary reports to reconcile your asset cost accounts to your general ledger. Use the CIP Detail and CIP Summary reports to reconcile your CIP cost accounts to your general ledger. To reconcile with Oracle General Ledger, compare the Cost or CIP Summary report with the Account Analysis Report.

The following reports provide supporting detail for both detail reports: Asset Additions Report, Cost Adjustments Report, Asset Retirements Report, Asset Reclassifications Reconciliation Report, and the Asset Transfer Reconciliation Report. In addition, the CIP Capitalization Report and the CIP Assets Report provide supporting detail for the CIP Detail Report. If you retired any CIP assets during the periods you requested, the Retirements column on the CIP Detail Report matches the Cost Retired column on the Asset Retirements Report.

The detail reports are sorted by balancing segment, asset or CIP cost account, cost center, and asset number, and print totals for each asset or CIP cost center, account, and balancing segment. Both summary reports are sorted by, and print totals for each balancing segment and asset or CIP account.

You must enter a Book and From/To Period range when you request these reports.

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All four reports show the beginning balance, additions, adjustments, retirements, capitalizations, reclassifications, transfers, and ending balance for each asset or CIP account and cost center:

Beginning Balance: The asset or CIP cost account balance for each asset as of the beginning of the period range you requested. The sum of this column on the Detail Report matches the Beginning Balance column on the Summary Report for this account and cost center.

Additions: This column on the Cost Detail Report matches the Cost column on the Asset Additions Report for capitalized assets.

Adjustments: This column on the Detail Report matches the Net Change column on the Cost Adjustments Report.

Retirements: This column on the Detail Report matches the sum of the Cost Retired column on the Asset Retirements Report.

Revaluation (Cost Detail and Summary Reports): The net change to the asset account resulting from asset revaluations made during the period range you requested.

Capitalizations (CIP Detail and Summary Reports): The change to the CIP cost account resulting from CIP asset capitalizations made during the period range you requested. This column on the CIP Detail Report matches the sum of the Cost column on the CIP Capitalization Report.

Reclassifications: This column on the Detail Report matches the Cost column on the Asset Reclassification Reconciliation Report.

Transfers: The net change to the asset or CIP cost account resulting from interaccount transfers that move cost from one general ledger number to another. This column on the Detail Report matches the Cost column on the Asset Transfer Reconciliations Report.

Ending Balance: This column on the CIP Detail Report matches the Cost column on the CIP Assets Report. The sum of this column on the Detail Report matches the Ending Balance column on the Summary Report for this account.

Out of Balance: Oracle Assets compares an asset's actual ending balance with a calculated ending balance, and prints an asterisk (*) in the column if they are different. If Oracle Assets finds any differences, your system is out of balance.

Cost and CIP Detail and Summary Reports

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