ERPstuff - Oracle EBS Community

Hi Friends

I have few questions in FA. I am new to FA module.

a) why do we have to assign an asset to an employee?
b) Is there any link from FA to AP.
c) What is reclassification?

Appreciate if some one can answer to these questions.


Thanks in advance

Nass

[:)]

Hello.

Answering your questions:

a) why do we have to assign an asset to an employee?
You can assign an asset to an employee. However, this is not mandatory.

b) Is there any link from FA to AP.
Yes. Whenever you enter an invoice in AP which distribution includes the Asset Clearing Account, those distribution lines are imported directly to FA by running the Mass Additions Create program. You then create assets from those lines by filling some more information.

c) What is reclassification?
Asset categories contain a lot of information. You may consider that an asset was initially assigned to a certain category and decide that it should be moved to another category. You can reclassify the asset.

Hope this helps.
Octavio

Hi Nass,

The replies foro your queries.

1. We have to assign an asset to employee to track who is holding or responsible for the asset. It is not mandatory but to track the asset it is required.

2. The flow from payables to FA. Do not regarding reverse. But in my opinion it is not there.

3. Reclassification means the assets already classified under one category and changing from that category to different category is nothing but reclassification.

Regards,
Vanisri

Hi Octavio & Vanisri

I thank for your response which helped me in understanding .Truly appreciate it.

What Otcavio explianed was from AP to FA.

Would like to confirm again from FA to AP.

Regards,

Praveen [:)]

HI,

There is no flow of information from FA to AP. FA transfer Accounting entries to GL module.

Regards,

Cleared.Thanks for your reply Aman!!

Regards,

Praveen

Thanks to all of you.