You Want to Know Why the Oracle Asset and Asset Lines Look “off”?

Users ask, “Why do the asset and lines coming into Assets from Projects look off?” The straightforward answer is the screen layout is confusing.

After Projects interfaces summarized asset lines to Assets, the Assets team must analyze and then post asset costs. A question we’re faced with at some point in every project where PPM and Assets are working together is, “Why is the asset in the queue $0, and what is that merged line underneath?”

Oracle - Guide to Oracle Cloud: 5 Steps to Ensure a Successful Move to the Cloud
Guide to Oracle Cloud: 5 Steps to Ensure a Successful Move to the Cloud

Explore key considerations, integrating the cloud with legacy applications and challenges of current cloud implementations.

Get the Guide

Looking at the parent line, Line 1, the unit is 1 and cost is $0. This parent line is the Asset created on the project and or task. Line 1 serves as parent to the children exploded and indented directly beneath it in Line 2.

Line 2 (and any thereafter) are the individual asset lines generated by Projects when placed in service. Multiple lines will appear depending on established grouping rules and expenditures. In the below case the asset line grouping rule was Expenditure Type and the expenditures incurred were of a single expenditure type.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Wallace Bartlett, Sr. Solutions Architect

Wallace has been working with Oracle applications for nearly 20 years implementing domestic and international projects in roles from consultant to Director/Solution Architect. He has participated in implementation/upgrade, project oversight, pre-sales, and large complex process improvement efforts. Experience includes project and managerial accounting operations, financial planning & budgeting, payables and billing. His Oracle experience includes Project Accounting suite, Financials and process improvement within numerous industries. The list includes Professional Services, Manufacturing, Mining, Financial Services and Business Services, Communications and Media, and Automotive.

More from this Author

Subscribe to the Weekly Blog Digest:

Sign Up
Follow Us