FA: Transferring Assets

Transferring Assets
You can transfer assets between employees, depreciation expense accounts, and locations. When transferring assets, you should consider the following: y You can change the transfer date to a date in a prior period for a particular transfer, but the transfer must occur within the current fiscal year y You can change the transfer date of an asset to a prior period only once per asset. y You cannot transfer an asset to a future period. Note: You cannot transfer assets from one corporate book to another corporate book.

Transferring a Single Asset

y To transfer an asset between employees, expense

accounts, and locations

Transferring a Single Asset

y To transfer an asset between employees, expense

accounts, and locations

Employee

Exp. Account

Location

Transferring a Group of Assets

Oracle Assets allows you to transfer multiple assets in one transaction.
y Transfer Between Expense Accounts y Transfer Between Locations and Employees

Transfer Between Expense Accounts

Tra sf r t s cc Ex

ts

Sam l Param t rs

Transfer Between Locations and E ployees

Tra sf r t L cati s a Em l y s Sam l Param t rs

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Transferring Invoice Lines Between Assets

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Transferring Invoice Lines Between Assets

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Transferring Invoice Lines Between Assets

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FA: Journal Entries

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Jour al E tri s for Tra sf r of ss ts

Transfer Between Cost Centers
You place an asset in service in Year 1, Quarter 1. The recoverable cost is $4,000, the life is 4 years, and you are using straight-line depreciation. y In Year 2, Quarter 2, you transfer the asset from cost center 100 to cost center 200 in the current period.
y

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Tra sf r

rati g U it

Transfer the asset from the ABC Manufacturing Company to the XYZ Distribution Company.

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FA: Reports

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Ass t Tra sf r R

orts

y Asset Transfer Report y Asset Transfer Reconcilliation Report y Asset Disposals Responsibility Report y Mass Transfer Preview Report y Transfer Report

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Ass t Tra sf r R

ort

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Ass t Tra sf r R concilliation R

ort

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Ass t Dis osals R s onsibility R

ort

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Transf r R

ort

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