How to create Capital Project in Oracle Cloud ERP|PPM to Asset Flow

In oracle cloud Offering PPM is a important module. Many people wants to know -how to create Capital project in Oracle Cloud ERP. We will discuss here the complete list of steps for PPM to Asset flow.

What is Capital Project in Oracle Cloud ERP

Capital project are projects which involves huge capital investment. In Oracle Fusion Cloud PPM we can create a capital project and add CIP Asset lines to the projects. Once the Asset is in built stage we can capitalize the Asset in Oracle Fusion PPM and provide a date place in service in Asset line .We can move the information to Asset module and generate a asset number after the asset is posted in Oracle fusionFixed asset workbench.

Check all our video blog here

We can also sent back the Asset information to Oracle Cloud PPM with the seeded integration Program from FA to PA

Let us see the complete lists of stets to perform the PPM to FA Flow

Click here to watch PPM to FA Flow in Oracle Cloud ERP

Steps to perform PPM to FA Flow in Oracle Cloud ERP

1	Complete the required setup setup if FA module
2	Complete the required setup setup in PA module
3	Create a capital project
4	Create Capital Asset for Capital project in PA
5	Collect cost against this Project
6	Import and process cost to the Project
7	Go to manage Project cost to review the cost imported in to the project
8	Post the transaction to ledger
9	Review Accounting
	CIP Cost dr
	CIP Clearing cr
10	Decide if you want to assign cost at Project Level or specific Task level
	Common coST
	Specific Cost
11	Assign Asset to the Task or Project
12	Change the Project Asset type from estimated to As-Build
13	Update the date place in service
14	Generate Asset line
15	Run update project performance program
17	Review Project Performance
18	Transfer Asset Line to Fixed Asset Module
19	Review the asset created in FA module
20	Post the asset in Oracle FA
21	Tieback the Asset info to PA module