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Application: Oracle Fixed Assets
Title: Asset Changes
Content
About Asset Changes…………………………………………3
Steps Required for Asset Changes……………………………2
Single or Individual Changes ………………………………..4
1. Query the Asset Which You Want Changes ………..4
Test Case……………………………………………….……..8
2. Query the Asset to Check the Changes Result………8
Mass Changes ………………………………………………..10
3. Create Mass Changes Transactions………………….10
4. Run Final Mass Changes ……………………………15
Test Case…………………………………………………...…20
5. Query Asset to Check Mass Changes Result ………..20

Accounting Entries………………………….…………...…….23

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About Asset Changes
Asset changes refer to changes in the fallowing in formation.

1. Life of asset
2. Depreciation method and rate
3. Asset cost

Changes can be done in two ways

Single Asset Changes: Changing asset information for single asset is called single asset change

Mass Changes: Changing asset information for group of asset in single transaction is called a
mass changes

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Single or Individual Change

Step-1 Query the Asset Which You Want Changes

Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Enter asset number

2. Select asset book
3. Click on find

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1. Place the curser at asset number
2. Click on books

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1. Select asset book
2. Place the curser at asset cost
3. Change the asset current cost

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1. Enter the asset cost
2. Click on done

Step-2 Query the Asset to Check the Changes Result

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Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Enter asset number

2. Select asset book
3. Click on find

1. Place the curser at asset number

2. Click on books
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1. Select asset book
2. Place the curser at asset cost
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3. Asset current cost is changed

Mass Changes

Step-3 Create Mass Changes Transactions

Application: Fixed Assets

Nav: Mass Transactions  Changes

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1. Select asset book
2. Enter asset numbers
3. Enter change before and after
4. Here we entered depreciation method before and after
5. Save it

1. Mass transaction number is generated automatically

2. Click on preview

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1. Place the curser at mass changes preview request id

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2. Click on output

1. Here we can see the mass changes preview

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Step-4 Run Final Mass Changes
Application: Fixed Assets

Nav: Mass Transactions  Changes

1. Query with mass transaction number

2. Click on run

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1. Click on OK

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1. Click on OK

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1. Place the curser at mass changes review report request id
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2. Click on output

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1. Here we can see the mass changes review report

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Step-5 Query Asset to Check Mass Changes Result
Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Select asset book

2. Click on find

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1. Place the curser at asset number
2. Click on books

1. Select asset book

2. Place the curser at asset cost
3. Asset depreciation method is changed

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Accounting Entries

When Asset is cost is changed

Asset Cost A/c……………Dr $ 100000

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Asset clearing A/c………..Cr $100000

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Thanks for Reading this Article
(Oracle Apps Knowledge Sharing Center)

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