CIP and Interfaced CIP Asset Cost

Question

Hi,
Just came across this thing, when doing the capital project. I could see two columns CIP and Interfaced CIP. can anyone kindly tell me whats the difference between those.
I could see the value which is lying in the CIP column, but the same is not in the Interface CIP column. when after running the program of "generate asset lines" also its not generated lines. what is the thing needs to be done to get generate the line and to change the value from CIP to Interfaced CIP. I could guess, by running the Interface Program, the value will get transfer from CIP to Interfaced CIP. but, when I run the Generate Program, no lines output.
Thanks,
Lavanya

Answer 1

Hi Lavanya,
Below are the points you may have to check:
1. Check all the costs have been cost distributed( You need to run the appropriate cost distribution process
labor, expense, miscellaneous etc depending upon your expenditure type).
2. Check the project type for the project. In the capitalization information, alternate region it indicates
whether raw or burden costs are being capitalized. If burden costs are used, then nothing will get picked up
unless Distribute total Burden costs has been run.
3. Make sure that the assets have an in-service date and that the report parameter Date Placed In Service
Through includes this date.
4. Check the PA Date Through parameter used. Note that this must be at least the last day of the period
which includes the PA Date of the cost distribution lines of the expenditure.
If this date is not the last day of a period, the process will select the first date which is a last day of a period
prior to the date entered.
Lets say your PA periods are like below:
JAN-09 01-JAN-09 to 31-JAN-09
FEB-09 01-FEB-09 to 28-FEB-09
If you have CDL's with a PA date of 15-FEB-09, and you enter a PA date through 25-FEB-09, these CDL's will not be picked up because the process will not actually use the date 25-FEB-09, but rather the first period ending date prior to that date, or 31-JAN-09.
5. Check the project status. In Setup-Projects-Status, make sure that the project's current status has the
Capitalize Assets action allowed.
For more info, visit:
http://projectsaccounting.com/oracle-projects-fixed-assets/oracle-projects-fixed-assets-integration.html
Hope this helps!
Sathish Raju
www.projectsaccounting.com