We are frequently asked by our customers about capitalization capabilities in Oracle Fusion Cloud Project Management. This blog post introduces you to Capital Projects and more information about this ever-improving feature of Project Management in one document.
Track capital project costs such as asset and retirement costs, using Project Management. Capture the costs in Project Management from multiple Oracle Cloud ERP sources such as Payables, Expenses, Time & Labor, or Inventory. In addition, import miscellaneous costs from external sources.
If you are managing capital projects and building Construction-in-Progress assets, use the Capital Projects process in Project Management. You can create CIP project assets to accumulate costs for fixed assets that are being built, installed, or acquired. Additionally, you can create retirement adjustment assets for group assets to collect cost of removal and proceeds of sale amounts. Calculate simple or compound interest on either the total CIP amount or the open CIP amount in Project Management.
You also can integrate Oracle EPM Planning Projects module (Projects Planning) with Oracle Fusion Cloud Project Management (Project Management) to perform organizational and capital planning and budgeting and to execute projects.
Select the asset cost allocation method to determine how common costs incurred on a project are allocated to assets. Place the asset in service when it is ready to use. Generate asset lines from the CIP costs and transfer them from Projects Costing to Assets. If a project has more than one capital asset, then place each asset in service when it is complete.
Track capitalized assets in Oracle Fusion Cloud Assets with a drill-down to source lines with the project information.
See the Acquire to Retire with Capital Projects announcement on Customer Connect for more details.