Guidelines for Defining Group Asset Rules in Your Corporate Book

You define group asset rules in Oracle Assets according to your business needs. Here are the group asset rules you need to define in your corporate book:

Rule	Description	Where Enabled	Required for Group Depreciation
Allow amortized changes	You must enable this option for a book in which group depreciation is enabled, because all additions and adjustments to a group or member asset are amortized adjustments.	Header section of the Edit Book page.	Required
Allow group depreciation	You must enable this option for a book to enable the group asset functionality. When you enable this checkbox, Group is listed as an option in the list of values for Asset Type in the user interface.	Advanced Rules subsection of the Rules section in the Edit Book page.	Required
Allow CIP members	This option allows CIP member assets to be added to a group asset. Note that the cost of the CIP asset isn't included in the depreciation calculation for the group asset until you capitalize the CIP asset, unless you also enable the Allow CIP depreciation checkbox. Once you enable this option and save your changes, you can't disable it.	Advanced Rules subsection of the Rules section in the Edit Book page.	Optional
Allow CIP depreciation	This option allows depreciation of CIP assets as a part of the group asset cost. Note that you must also enable the Depreciate in Group option in the Fixed Asset Mass Adjustments Import template for specific source lines to include the cost of the source line in the group asset's depreciation basis.	Advanced Rules subsection of the Rules section in the Edit Book page.	Optional
Allow member tracking	This option allows tracking at the member asset level. For group assets, depreciation is calculated and tracked at the group asset level, but for reporting and auditing purposes, you can choose to track depreciation at the member asset level as well by enabling this option.	Advanced Rules subsection of the Rules section in the Edit Book page.	Optional
Allow intercompany member	This option allows member assets to have different balancing segments than the balancing segment value of the group asset. Intercompany journal entries are created to balance the balancing segment within a single journal entry batch posted to Oracle General Ledger. If you don't enable this option, your member assets must have the same balancing segment as the group asset.	Advanced Rules subsection of the Rules section in the Edit Book page.	Optional