Asset Lifecycle Management - PSFT (MOSC)

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PURPOSE OF ASSET CLASS

edited Jan 12, 2014 1:35PM in Asset Lifecycle Management - PSFT (MOSC) 2 commentsAnswered
Hello,

We are on Financials 9.0 thru Bundle 35.  We use PeopleSoft for Purchasing and Payables.  We are setting up Asset Profiles on Item Categories (we do not use the Item Master).  What is the main purpose of Asset Class?  I have read it is for reporting, but wanted to verify and get a more detailed explanation that what is provided in PeopleBooks.

Any information would be greatly appreciated.

Thank you.

Lea

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