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How to Setup Asset Impairments in Oracle R12

How to Setup Asset Impairments in Oracle R12

Step 1. Setup Cash Generating Unit (CGU):

  1.  Navigate to Assets responsibility: (N) Setup > Asset System > Cash Generating Units
  2.  Define or maintain Cash Generating Units for each book that needs Impairment functionality.

Step 2. Assign Cash Generating Units to Assets:

There are two possibilities to assign Cash Generating Units:

A. Manually via Asset Workbench:

  1. Navigate to Assets responsibility(N) Assets > Asset Workbench
  2. Query for the existing assets that needs to be assigned to Cash Generating Units.
  3. Press “Books” and select from LOV the book name.
  4. Go to Impairment tab and use the LOV from the Cash Generating Unit field to assign or change CGU assignment.

B. By mass assignment via WEB ADI:

  1.  Navigate to Assets responsibility: (N) Assets > Impairment > Assign Cash Generating Units.
  2.  Enter Book, Asset Number and CGU.
  3.  From the main toolbar go Oracle > Upload for uploading the assignment information to the assets.

Step 3. Setup Impairment Accounts:

Setup Impairment Expense account and Accumulated Impairment  account in the Asset Categories form.

  1. Navigate to Assets responsibility: (N) Setup > Asset System > Asset Categories
  2. Query for Asset Categories and Books.
  3. Enter the accounting information for Impairment Expense account and Accumulated Impairment.

 

 

About Syed Saad Ali

As a certified and experienced Oracle Database Administrator with Almost 10 Years of Experience I am able to perform all levels of database maintenance and am fully qualified to do Oracle updates as well. Capitalizing on my interest in Business & IT both, I chose to navigate my career towards Enterprise Solutions, which has enabled me to excel in the combination of both. I have developed exceptional analytical skills that allow me to diagnose and take care of issues immediately. Extremely skilled in planning and execution of special projects in time- critical environments. Extensive knowledge in directing, coordinating and exercising concern authority for planning, organization, control and successful completions. Very skilled at solving customer relations issues by seeking first to understand and then to be understood. Effectively able to communicate with customers, vendors and management.

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