Oracle Cloud ERP – Oracle Fusion Business Process Models: 17 Asset Lifecycle Management


Oracle Fusion Business Process Models: 17 Asset Lifecycle Management (Doc ID 1578174.1)

17 Asset Lifecycle Management

Definition: The Asset Lifecycle Management process guides organizations in the initial planning and budgeting of an asset through the end-of-life disposal of the asset. Organizations can optimize asset utilization and exercise complete control over the financial management of their assets. Users can: budget for asset requirements; purchase, lease, or construct assets; prepare or deploy assets; capitalize, depreciate, or utilize assets; and dispose of assets at the end of their life cycle. This process supports complex accounting requirements from acquisitions through disposals and provides the ability to integrate across processes to enable automation in purchasing assets, management and capitalization of construction projects, and final accounting for each of these key events.

L1: 17 Asset Lifecycle Management

L2: 1702 Acquire Assets

L3: 170206 Record Asset Acquisition (Fusion 1.0)

L2: 1704 Utilize Assets

L3: 170401 Maintain Asset Attributes (Fusion 1.0)

L3: 170402 Maintain Asset Financial and Reporting Attributes (Fusion 1.0)

L3: 170404 Track Asset Assignment and Location (Fusion 1.0)

L3: 170406 Capitalize Assets (Fusion 1.0)

L3: 170407 Depreciate Assets (Fusion 1.0)

L3: 170409 Revalue Assets (Fusion 1.0.9)

L3: 170410 Report and Reconcile Asset Activities (Fusion 1.0)

L2: 1707 Retire Assets

L3: 170703 Record Asset Retirement (Fusion 1.0)

L3: 170704 Record Asset Reinstatement (Fusion 1.0)

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