Assets - Mass Reclassification

...

Distribution

Director of Fixed Assets Accounting

FA Administrator

Related Procedures

None

Ownership

The Director of Fixed Assets Accounting is responsible for ensuring that this document is necessary, that it reflects actual practice, and that it supports corporate policy.

IS Assets
M > Mass Transactions > Reclassifications
Mass Reclassifications

1. Key in the criteria necessary to identify the assets you want to reclassify.

Note: In this example we reclassify all the assets in Category 21.51.544.0000 to Category 22.51.544.0000.

2. Click [Preview] to view the results of this query.

3. When activated, click [Review] to review the output. An example of output follows:

Important! Always check the two boxes labeled:

"Copy Category Descriptive Flexfield to New Category" and
"Inherit Depreciation Rules of New Category"

If these boxes are not checked any information in the Asset Category Descriptive Flexfield will be lost and the assets will not have the new depreciation rules.

Note: Do not check the "Amortize Adjustments" box. UVA does not amortize adjustments.

Effective: 08/16/04

Revision: 2

Oracle Tutor can be licensed to modify and add to this content, documenting all of your business process documentation in the Oracle Tutor format.