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Application: Oracle Fixed Assets
Title: Initial Mass Copy
Content
About Initial Mass Copy ……………………………………..
Steps Required for Initial Mass Copy………………………..
1. Define Tax Book…………………………………….
2. Assign Asset Category to Tax Book………………..
3. Run Initial Mass Copy……………………………….
Test Case……………………………………………………..
4. Query the Asset Using Tax Book………………….

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About Initial Mass Copy
To copy the asset information from corporate book to tax book for the first time we will use
initial mass copy.

When the Initial Mass Copy program copies an asset into a tax book, the following basic
financial information comes from the corporate book:

 Cost

 Original Cost

 Units

 Date Placed in Service

 Capacity and unit of measure, for units of production assets

 Salvage Value, if you choose to Copy Salvage Value for the tax book in the Book
Controls window

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Step-1 Define Tax Book
Application: Fixed Assets

Nav: Setup  Asset System  Book Controls

1. Enter book name

2. Select type as class
3. Enter description
4. Select associate corporate book
5. Select primary ledger
6. Select depreciation calendar
7. Select prorate calendar
8. Select current period
9. Click accounting rules tab

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1. Enable allow revaluation
2. Click on natural accounts

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1. Enter mandatory accounts
2. Click on tax rules

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1. Enable Allow Mass Copy in Tax Rules tab
2. Save it

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Step-2 Assign Asset Category to Tax Book
Application: Fixed Assets

Nav: Setup  Asset System  Asset Categories

1. Query the existing category which we assigned to corporate book

2. Place curser at book and say new

1. Select tax book and accounts

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1. Select tax book and enter mandatory accounts
2. Click on default rules

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1. Select depreciation method method
2. Select prorate convention calendar

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3. Save it

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Step-3 Run Initial Mass Copy
Application: Fixed Assets

Nav: Tax  Initial Mass Copy

1. Select initial mass copy program

2. Select tax book
3. Click on submit

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1. Place curser caser at initial mass copy request id
2. Click on output

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1. Here we can see the initial mass copy execution report

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Step-4 Query the Asset Using Tax Book
Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Select asset number

2. Select tax book
3. Click on find

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1. Place the curser at asset number
2. Click on books

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1. Select tax book
2. Place the curser at current cost

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Thanks for Reading this Article
(Oracle Apps Knowledge Sharing Center)

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