In this chapter, we reviewed how to manage assets that are owned by an organization. We also walked through how to transact, depreciate, and manage the cost and financial adjustments to these assets.
Accounting is managed using the new subledger accounting module introduced in R12; however, the changes made to any workflow Account Generator in pre-R12 versions will be used as is in R12 if performing an upgrade. This can later be transitioned to R12, SLA, for consistency.
The next chapter will cover Cash Management as a corollary to managing the Assets covered in this chapter.
There are multiple aspects, the major ones being Bank Account Reconciliation reporting for Cash Position and Forecasting.
Other transactions include managing Transfer of Cash between accounts that can be managed with a single repository for easier control.