You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to Clear Inventory Valuation After Asset Item is Linked to Fixed Asset in Oracle?

edited May 27, 2025 9:03AM in Assets 1 comment

Summary:

We have a scenario where an inventory item is received and subsequently declared as an asset item. This item is then linked with a fixed asset in Oracle.
Could you please advise on the correct process to knock off or clear the inventory valuation for this item, now that it has been capitalized as a fixed asset?
Specifically, I am looking for the recommended accounting entries or Oracle processes to ensure inventory is not overstated after the asset is created.

Any guidance or best practices would be greatly appreciated.


Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!