1. Using Project Costing
  2. How can I resolve project asset lines that are identified as assets without assignments?

How can I resolve project asset lines that are identified as assets without assignments?

You must determine what is missing in your project asset setup.

  • Are your project assets correctly assigned?
  • Do all your project assets have the project asset type of As-built? Project assets with the asset type of Estimated are not eligible to receive project costs.
  • Is your project defined with a capital event? If yes, ensure that your project assets are associated with the appropriate capital event. Also, ensure that the desired project costs are associated with that capital event as well.
  • Is the task to which the projects are assigned capitalizable? You can verify this in the Task > Details > Setup section.

Verify the following while using these six asset cost allocation methods:

  • Actual Units: All project assets must be defined using actual units.
  • Current Costs: There must be existing project costs that have already been capitalized into Oracle Assets. This is a common choice when you are collecting and allocating common costs. If there are no existing CIP costs for these assets, it is impossible to allocate the costs of the project asset line to the project asset, as there is no basis to determine the allocation percentage.
  • Estimated Cost: Are your eligible project assets defined with an estimated cost? This is not a required field and can easily be missed.
  • None: When there is more than one eligible project asset available for project cost allocation and the Method is None, the asset lines will by default come back as assets without assignments. For this use case, you may choose to manually assign these asset lines to eligible project assets using either the Projects > Assets > Manage Capital Projects > Select Project > Actions > Manage Asset Lines page or using the Import Unassigned Asset Lines FBDI sheet if you need to import numerous asset lines.
  • Standard Unit Cost: Was standard unit cost defined for the Asset Book and Asset Category combination using the Projects > Assets > Manage Standard Unit Cost page?
  • Spread Evenly: The only way an error could happen here is if one of the errors above occurred.