A CIP Asset Changes to Capitalized after being Transferred from Payables
Last updated on FEBRUARY 11, 2016
Applies to:Oracle Payables - Version 12.0.0 and later
Oracle Assets - Version 12.0.0 and later
Information in this document applies to any platform.
An Invoice Distribution Line has been transferred to FA through the Create Mass Addition Program.
In the Prepare Mass Addition Form, it appears as a CIP Asset. The Clearing Account is a CIP Clearing Account which matches with the Clearing Account of the Asset Category.
The CIP Asset has an Asset Type CIP
The CIP Asset is completed in the Prepare Mass Addition by filling the Location Flex, Asset Key Flex and Expense Account. Once saved these modifications, the Queue Status is ON HOLD.
Then Queue Status of the CIP Asset is manually changed from ON HOLD to POST.
Once saved, the Asset Type changes from CIP to Capitalized
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms