How Project Costing Source Lines Are Imported

You can collect construction-in-process (CIP) costs for capital assets you're building in Oracle Project Costing.

When you finish building your CIP asset:

• Capitalize the associated costs as asset lines in Project Costing

• Send the asset lines to Oracle Assets as mass addition lines.

Note: If you use Project Costing to build CIP assets, you don't need to create CIP assets in Assets. For costs that originate in Oracle Payables, you should send CIP costs to Project Costing, and capitalized costs to Assets.

Settings That Affect the Import Process

Asset lines sent from Project Costing to Assets must meet these specific conditions:

• The actual date in service must fall in the current or a prior Assets accounting period.

• The CIP costs for summarized asset lines must be interfaced to Oracle General Ledger.

• The CIP costs for supplier invoice adjustments must be interfaced to Payables.

• A CIP asset must be associated with the asset line.

How Project Lines Are Imported

In Project Costing, run the Transfer Assets to Oracle Fusion Assets process to send asset lines to Assets. This process:

• Creates a mass addition line for each asset line in Project Costing.

• Merges all mass additions for one asset into a single parent mass addition line. The merged children have a status of Merged.

In Assets:

• The parent mass addition is placed in the Post queue if the asset was completely defined in Project Costing and it's ready for posting.

• The parent mass addition is placed in the New queue if the asset definition isn't complete.

  In this case you must enter additional information for the mass addition and then update the queue status to Post.

Note: You don't need to change the queue status for lines with a status of Merged.