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Approvals for capitalization process from Projects

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Summary:

Hi

Our customer has the below approval requirements for Capitalization process from projects in oracle cloud project costing

Once capital CIP cost are accumulated in the project costing, the capitalization happens in multiple phases. For example, Out of 10 CIP costs, they wanna capitalize only 3 lines this month. They are currently using Oracle EBS

  1. Currently, They are having their project accountants to send all the CIP costs to project managers in an excel file through email.
  2. Project managers would review and mark which are eligible/not eligible for capitalization in an email and send it back to project accountants
  3. The project accountants would run generate asset lines which will generate asset lines for all the 10 costs, but would add only those 3 approved lines to the asset and capitalize it in FA

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