Previous  Next          Contents  Index  Navigation  Glossary  Library

Accounting Transactions

Each asset cost line sent to Oracle Assets from Oracle Projects includes the CCID (code combination ID) for the account number charged for the CIP costs.

Fremont Corporation charges $100 of supplies to a capital project to build a new research lab in Sacramento.
· The supplies are costed to account 01.100.1531.
· When the asset is placed in service and interfaced to Oracle Assets, account 01.100.1531 is relieved of $100 in costs.
· The $100 is charged to the appropriate asset cost account based on the asset category of the new asset.

         Previous  Next          Contents  Index  Navigation  Glossary  Library