Oracle Fixed Assets - Requirements Analysis Questionnaire

Fixed Assets - Commonly asked Requirements Analysis Questions:

1. Do you need to track locations other than State, City, and Country for your assets? If yes, please provide alternate location values.

2. What is the Oldest Date of an asset that is Placed in Service?

3. How many assets are presently live in your system? How many are added each month?

4. Do you track tax amounts separately for federal, state, AMT, ACE etc.?

5. Please list any Prorate Conventions you use:

Common examples: Mid-month, Date in Service, Following Month

6. Please list current Asset Category information

7. What is your policy for capitalization?

8. At what point is a purchase known to be an asset? (PO, Invoice entry, later?)

9. How many locations are used and where are they located? Are any outside of USA?

10. What are your currently used depreciation methods?

11. With respect to cost centers (departments), how do you plan on tracking assets? How do you handle asset transfers?

12. How do you account for obsolete/damaged assets? What is the write-off policy?

13. Describe how assets are to be tracked and managed.

14. When are asset tags applied?