Asset Management Overview
Asset module is closely linked to project systems module. For some projects, costs are periodically settled to AUC. Similarly, settlement from AUC to Fixed Assets account is also done in the PS module.
When an asset master is created, it is assigned to an asset class, which links the asset to an account determination. This determines the reconciliation account updated during asset transactions.
When a master record has been created and posted to the wrong asset class, this can be corrected via asset transfer functionality.
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