How can I create a project asset?
Use project assets to manage asset details for project-related activities, such as asset allocation, asset line grouping, and so on. Project assets do not represent actual assets; Oracle Assets assets do that.
You can assign project assets to tasks and gather task-related costs. You can then group these costs into asset lines that will be assigned to these project assets.
- All project costs associated with tasks that are dedicated to a specific asset automatically get assigned to that asset.
- Project costs associated with tasks that are dedicated to more than one asset are split into multiple asset lines depending on the asset cost allocation method specified for the project.
- Common project costs are split into multiple asset lines depending on the asset cost allocation method specified for the project.
You can create project assets using either the Projects > Assets UI. You can also use the Project Financial Management UI for this purpose. Apart from these options, you can also use file-based data import, ADF Desktop Integration (ADFdi) sheets, or the projectAssets REST API.
Creating a Project Asset Using the Projects > Assets User Interface
To create a project asset using the Projects > Assets UI:
- Navigate to Projects > Assets.
- Click Manage Capital Projects from the side panel in the Assets Overview page that appears.
- Search and select the project for which you want to create the asset.
- Click Actions > Manage Capital Assets.
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Select the row above which you want to list the new project asset and then either click Actions > Add Row or click the Add Row icon at the top of the Project Capital Assets table. This adds a row for a new project asset above the row you selected.
You must now provide details for the project asset you added.
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Enter the Asset Name and click the Project Asset Type field to specify whether the costs associated with the asset are estimated or as-built.Note: You must select As-built in this field if you intend to use asset cost allocation methods to allocate costs associated with this asset across tasks.
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If you chose As-built as the project asset type, use the Actual In-Service Date to specify the date by which you plan to have the asset ready for use. This date can be in the current or a prior accounting period.
- You must specify an actual in-service date for a completed asset in order to interface the asset to Oracle Assets.
- You cannot change this date after you place the asset in service in Oracle Projects.