Asset Category Key Flexfield

Define the Asset Category key flexfield so that you can create categories and group assets by financial information in relevant categories.

Define your Asset Category flexfield segments to fit the specific needs of your organization. You must define at least one subcategory segment to allow for distinctions within a major category.

You can define up to seven segments for your Asset Category key flexfield. When defining segments, consider the following:

• Oracle Assets only displays a limited number of characters on its forms and reports, so you may want to use only two or three segments so that all of them can be displayed.

• You must define depreciation rules for each category flexfield combination, so more segments require more setup and maintenance effort.

Note: Plan your flexfield carefully. Once you begin entering assets using the flexfield, you can't change it.