Understanding Asset Capitalization Processes

PeopleSoft Project Costing manages the transaction costs associated with assets from inception to cost value adjustment to retirement. Full lifecycle asset management provides detailed cost control, from defining the physical asset to placing it in service, maintaining it, and retiring it. You can create assets from project transactions by using either express capitalization or manual capitalization.

This topic discusses:

• Express capitalization.

• Manual capitalization.

• Asset integration rules.

• Currency summary options.

• Asset review and approval.

• Asset reversals.

• Work order-managed projects.

• Asset assignment to multiple projects.

• Transaction assignment to assets.

• Interunit asset transfers.