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Suggestion: You may have to temporarily disable your cross-validation rules and allow dynamic insertion for the Account structure to be able to enter these accounts, since they may not be valid combinations.

Attention: If you want to create journal entries using other segments in addition to the natural account from the combination you enter in the Asset Categories window, you must modify the default Account Generator values to fill in those segments from the category.

   To enter general ledger accounts for a category:

1. In the Asset Categories window, enter the Book for which you want to set up this asset category.

2. Enter the Asset Cost account for this category and book.

Oracle Assets uses this account to reconcile asset costs to your general ledger. Oracle Assets creates journal entries for this account to reflect additions, retirements, cost changes, revaluations, transfers, reclassifications, and capitalizations.

3. Enter the Asset Clearing account for this category and book.

For manual asset additions and cost adjustments, Oracle Assets uses this account to reconcile your payables system and Oracle Assets.

For mass additions, it uses the complete Account combination that comes over with a mass addition line to reconcile the asset addition or cost adjustment with your payables system.

4. Enter the general ledger Depreciation Expense Segment to which you charge depreciation for assets in this category and book. This is the default value for the account segment of the depreciation expense account in the Assignment window.

5. Enter the Accumulated Depreciation account for this category and book. This account is the contra-account for the asset cost account for this category.

6. Enter the Revaluation Reserve account for this category and book. This account is used for the change in net book value due to revaluation, if you revalue accumulated depreciation.

7. Enter the Revaluation Amortization account for this category and book. This account is used to amortize the revaluation reserve over the remaining life of the asset after you revalue it, if you amortize revaluation reserve.

8. Enter the CIP Cost account for this category and book. This account is used to reconcile CIP asset costs to your general ledger.

9. Enter the CIP Clearing account for this category and book if you entered a CIP Cost account.

10. Enter default depreciation rules for each depreciation book for which the category is defined.

See Also

Mass Additions

Using the Account Generator to Generate Account Combinations

Oracle Assets System Setup