Implement
Oracle E-Business Suite (R12.1) Asset module to provide full life cycle
management of fixed assets (owned and leased) and Capital Work In progress.
Following are components in Scope.

·        
Assets Additions

§  Facility to add assets in multiple ways

o    Adding Assets from Accounts Payables

o    Recognized Assets from PO issuance

o    Adding Assets/CWIP from Store Issuance

o    Create Assets using Web ADI

§  Facility to categorize assets

§  Facility to track locations and employee/ third party
assignment.

§  Facility to define depreciation calendar and prorate
conventions

§  Facility to handle multiple depreciation methods for
financial reporting (with accounting impact) and tax compliance purposes
(without accounting impact)

§  Facility to handle additional
calculation of depreciation before Revaluation Impact

§  Facility to budget Capex. (this is independent of
Budget feature in General Ledger)

·        
Maintenance of
Assets

§  Asset Maintenance

§  Insurance Calendar at assets level

§  Reclassification

§  Transfer (location / Employee Assignment)

§  Changing Financial Information (Depreciation)

§  Invoice / Source Line Information changes

·        
Assets LCM (Life
Cycle Management)

§  Maintain Construction in Process (CIP) Assets and
Capitalize

§  Revaluing Assets and related accounting

§  Asset Retirement (Disposal)
and related accounting

·        
Monitoring of
Assets

·        
Physical Inventory
comparison

·        
The Asset Number or
Tag Number used as Key along with Location

·        
Physical data to be
collected and to be uploaded using Web ADI

·        
Comparison Program
highlights variances

·        
Barcode: The Asset or
Tag Number to be Barcoded and affixed in the Asset for collecting Physical
Asset Data.

·        
Asset Maintenance
(Scheduling and Viewing)

·        
Facility to
compute

·        
Periodic Depreciation
Calculation for Financial Reporting and Tax Reporting

·        
Projected
Depreciation

·        
Unplanned
Depreciation

·        
Accounting and
Transfer to General ledger

·        
Variance between
budgeted assets and actual assets additions.