Create a Corporate Book
This example shows how to create a corporate book in Oracle Assets.
Create a Corporate Book
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Navigate to the Manage Books page.
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Click the Create icon.
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On the Create Book page, complete the fields as shown in this table:
Field
Value
Name
INF USA CORP
Description
InFusion USA Corporate Book
Book Class
Corporate
Note: When you define a corporate book, the name of the corporate book you're defining is populated automatically into the Associated Corporate Book field.
Ledger
InFusion USA PL
Depreciation Calendar
MTH CAL
Note:The Fiscal Year Name is populated automatically.
Prorate Calendar
MTH CAL
Current Period
Enter the current month and year.
Divide Depreciation
Evenly
Last Depreciation Run
Enter the last date of the previous month.
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Check the following check boxes:
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Depreciate if retire in the first year
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Allow amortized changes
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Allow cost sign changes
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Allow ledger posting
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In the Accounts region, enter the following account information:
Field
Value
Enter Account Defaults
101.10.78990.000.000.000
Net Book Value Retired Gain
78530
Net Book Value Retired Loss
78540
Proceeds of Sale Gain
78510
Proceeds of Sale Loss
78520
Proceeds of Sale Clearing
15930
Cost of Removal Gain
78530
Cost of Removal Loss
78540
Cost of Removal Clearing
24220
Deferred Depreciation Expense
68800
Deferred Depreciation Reserve
16800
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In the Rules region, Reference Data Groups tab, accept the default Reference Data Set Code for all reference data objects.
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In the Rules region, Group Rules tab, check all check boxes.
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Click Save and Close.
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Click Done.