Fixed Assets - Oracle Module

What are the mandatory informations that needs to be filled in prepare mass addition (Choose Three)

• Category Asset

• Location

• Expense Account

• Employee name

You have an Asset that is still constructing and not yet depreciate, you need to register it as as which asset:

• Leasing

• Expense

• Capitalized

• CIP

For which transaction tasks can you use assets? (Choose Two)

• Transfers

• Approvals

• Financial Adjustments

• Tax Application

Which fields are examples of optional additional information entered while performing asset addition? (Choose Two)

• Manufacturer

• Asset type

• Category

• Serial Number

What is used to manually add many assets at once

• The add assets page

• The add assets page in spreadsheet task

• The reinstate assets page

• The transfer Asset Page in spreadsheet task

In what ways can you create assets in Oracle Assets? (Choose two)

• Workflow Background Process

• Mass Additions

• Create Accounting

• Manual Additions

When you are ready to create an Asset, you must set the queue field to:

• Track as asset

• Post

• Submit

• Purge

Which account is treated as the contra account during asset addition to balance with the payables clearing account?

• Asset cost

• Depreciation expense

• Accumulated Depreciation

• Asset clearing

What cannot be inquired or managed through infolets on the assets landing page?

• Retirements

• Budgets

• Transfers

• Additions

Which statement is true?

• Even after the depreciation process closes the period, you can reopen it

• After the depreciation process closes the period, you can’t reopen it

• You do not have to run the lease interest and expenses report to close the current asset period

• After running depreciation, the period can’t remain open