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    Neelam Thakur
    Group Assets vs. Parent/Subcomponent assets
    Topic posted June 24, 2019 by Neelam ThakurBronze Crown: 15,000+ Points, tagged Assets, Financials, Subledger Accounting 
    89 Views, 5 Comments
    Title:
    Group Assets vs. Parent/Subcomponent assets
    Summary:
    Group Assets vs. Parent/Subcomponent assets
    Content:

    Hello,

    We are looking for a way to group certain assets. In researching that, I learned that there is something called group assets. There is also Parent Asset ID. So a Parent asset can have subcomponent assets. I was hoping that someone may shed some light on these two ways of grouping assets. The documentation, simply mentions these features, but does not provide any examples or case studies.

    Thanks,

    Neelam

    Comment

     

    • Suresh Kumarasamy

      Hi Neelam,

      Please find attached oracle white paper document. The purpose of this document is to provide an insight into how the Group Assets functionality is built to cover the statutory requirement in many countries for maintaining assets in a Group. Though functional in nature, adequate details have been provided from a data perspective level as well.

      This paper will cover basic setups need for adding group assets, factors to be kept in mind while adding a group asset as well as its member assets and the various factors that affect the depreciation calculation for a Group asset as well as its member asset. However, this paper does not handle how various transactions performed on the group assets are treated and how they affect depreciation calculations.

      Cheers

      Suresh

      • Neelam Thakur

        Hi Suresh,

        Thanks for your comments and this white paper! Really appreciate. Once I have read it I may hit you up with further questions :)

        Thanks,

        Neelam

    • Neelam Thakur

      Hi Suresh,

      Thanks to this white paper, I got a good understanding of Group assets. Do you have any literature on parent and child (subcomponent) assets?

      Thanks,

      Neelam

    • AISHWARYA THAPAR

      Hi Neelam,

      I had worked on this more than an year ago. I could dig and find two documents. Attaching them here for your reference, hope they are useful.

      This one is for parent assets.

    • AISHWARYA THAPAR

      This one is for group assets.