Understanding Asset Budgeting
Charting foreseeable acquisitions is sometimes straightforward, but can often involve assets with high levels of complexity. The capital acquisition planning functionality in PeopleSoft Asset Management and PeopleSoft Budgeting handles your plans when they involve a single asset, and also accommodates acquisitions that span several phases and involve many different components. For more complex acquisitions, PeopleSoft enables you to define a master plan with an unlimited number of subsidiary plans. As you acquire assets, you can associate them with the capital acquisition plan and maintain an up-to-date view as your business makes each expenditure included in the plan.
Each plan you set up is assigned a type. Types provide a categorization method that you can use when you generate reports.
You can have as many capital acquisition plan types as you need to reflect the range of categories that you want to track. Each time you design a capital acquisition plan, assign a type.
Before you work with capital acquisition planning, you must create business units and establish capital acquisition plan types.