CIP Capitalization
This function allows you to capitalize your Construction–In–Process (CIP) asset/s.
Use the ‘Capitalize’ template for this function.
Capitalize Form
Use the form to validate each of the values needed to capitalize the CIP. The ‘Asset Number’ and ‘Asset Type’ fields are mandatory. You can also enter the ‘Date Placed in Service’ and ‘Transaction Comment’.
Save Changes
To save your changes click the ‘Ok’ button. The ‘Ok’ button will save the changes and close the form. To clear your changes click the ‘Cancel’ button.
Upload Transactions
Once your capitalizations are entered you can upload the transactions to Oracle Assets using the instructions in the Upload Transactions section.
Reverse/Move back to CIP
You can also use this functionality to return ‘Capitalized’ Assets back to ‘CIP’ Assets if this is applicable. In EBS this is done using the Reverse button in the ‘Capitalize CIP Assets’ form. Using the Wizard, set the ‘Asset Type’ to ‘CIP’.
Note - This is only available for assets that you have capitalized within the period.
Refer to section:
Retirements/Reinstatements