Capital Spending Report (Oracle Assets Help)


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Capital Spending Report

This report compares the cost of your additions before the date you specify with the cost for the whole fiscal year. For actual additions, the report lists the original cost of assets placed in service during the whole fiscal year thus far, and compares it to the cost of assets placed in service before the date you specify. For budgeted additions, the report lists the cost of budget amounts for the whole fiscal year, and compares it to the budget amounts for periods that end before the date you specify. Notice that since the report compares the asset cost when you originally add an asset, it does not reflect any adjustments entered after the period you added the asset.

Attention: To list budgeted additions for each depreciation method, you must enter budget information for the full category flexfield combination. If you only enter major category budget information or do not enter any budget information, you can run this report without comparing a budget book.

The report also shows what percentage of your budgeted amount the actual additions for the fiscal year represent. The report sorts by and prints totals for each depreciation method and balancing segment.

For the United States, you can use this report to determine the percentage of asset cost added in the final quarter of your fiscal year. For the Mid-Quarter Convention Rule, if that percentage is greater than 40% of the total asset cost added in that year, all assets must use the mid-quarter convention. Use the Mass Changes window to change the prorate convention of the assets if necessary.

You must enter a Budget Book, Tax Book and Cut-Off Date when you request this report. Enter a date range start date as the cut-off date to compare the cost of assets added before this date to the cost of all additions for the fiscal year. Enter the last day in the third quarter as the cut-off date to determine the percentage of asset cost added in your final quarter.

Selected Headings

Depreciation Method: The tax book depreciation method.

Actual Additions: Cost: The original cost of the assets added in the whole fiscal year.

Actual Additions Before Date Range: Cost: The original cost of the assets added in the fiscal year before the date you requested.

Actual Additions Before Date Range: Percent of Actual: The original cost of assets placed in service before the date you specified as a percentage of the cost for the whole fiscal year.

Budgeted Additions: Cost: The budgeted additions for the whole fiscal year.

Budgeted Additions Before Date Range: Cost: The cost of budgeted additions in the fiscal year before the date you requested.

Budgeted Additions Before Date Range: Percent of Budget: The cost of budget assets placed in service during the date range as a percentage of the cost budgeted for the fiscal year.

Additions to Budget (%): The percentage of actual additions for the fiscal year compared to the total budgeted additions.

Capital Spending Report

Selected Headings

See Also