FA: Solution Presentation

Fujitsu Enterprise Solution Philippines, Inc.

Fujitsu Enterprise Solutions (Philippines), Inc., 2010

FA: Transferring Assets

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transferring Assets
You can transfer assets between employees, depreciation expense accounts, and locations. When transferring assets, you should consider the following: 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 You can change the transfer date of an asset to a prior period only once per asset. You cannot transfer an asset to a future period. Note: You cannot transfer assets from one corporate book to another corporate book.

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transferring a Single Asset

To transfer an asset between employees, expense accounts, and locations

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transferring a Single Asset

To transfer an asset between employees, expense accounts, and locations

Employee

Exp. Account

Location

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transferring a Group of Assets

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

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transfer Between Expense Accounts

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transfer Between Expense Accounts Sample Parameters

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transfer Between Locations and Employees

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transfer Between Locations and Employees Sample Parameters

10

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transferring Invoice Lines Between Assets

11

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transferring Invoice Lines Between Assets

12

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transferring Invoice Lines Between Assets

13

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

FA: Journal Entries

14

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Journal Entries for Transfer of Assets

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. In Year 2, Quarter 2, you transfer the asset from cost center 100 to cost center 200 in the current period.

15

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transfer Between Operating Unit

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

16

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

FA: Reports

17

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Asset Transfer Reports

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

18

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Asset Transfer Report

19

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Asset Transfer Reconcilliation Report

20

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Asset Disposals Responsibility Report

21

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

Transfer Report

22

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010

23

Fujitsu 2010

FES Typhoon Preparedness Safety Deck 2010