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Prerequisites

   Set up your Category, Location, and Asset Key Flexfields. See: Setting Up the Asset Category Flexfield, Setting Up the Asset Key Flexfield, and Setting Up the Location Flexfield.

   To specify system controls:

1. Open the System Controls window.

2. Enter the enterprise name as you want it to appear on reports.

3. Enter the Oldest Date Placed In Service, which controls what dates are valid to place assets in service and on what date to begin your calendars.

If you change this field, you do not affect the assets already in the system. However, you cannot place new assets in service before the new date.

Attention: You can only update the Oldest Date Placed in Service before you assign any calendars to depreciation books.

4. Enter the Starting Number at which you want Oracle Assets to begin automatically numbering your assets. Note that some asset numbers may be skipped.

Suggestion: If you are converting from another system, enter a starting number greater than the number of assets you want to convert so converted assets keep the same number from the previous system. For example, if you are converting 75,000 assets, you may want to enter 100,000 as the Starting Number to reserve the numbers 1 to 100,000 for manual asset numbering.

Note that asset numbers with a letter in them are not reserved for automatic asset numbering, since the automatic numbers are a numerical sequence.

Attention: Oracle Assets does not support asset numbers that exceed 2,000,000,000.

5. Enter the Location, Category, and Asset Key Flexfield structures you want to use.

6. Save your work.

See Also

Oracle Assets System Setup