Yes, in Oracle Cloud Fixed Assets (Fusion FA), you can change the Asset Type after creation in limited scenarios, but it is not always straightforward and has restrictions.
What is Asset Type?
In Oracle FA, Asset Type typically refers to:
- CAPITALIZED (default for depreciable assets)
- CIP (Construction in Progress)
- EXPENSED (non-depreciable, fully expensed at addition)
- GROUP (for grouped assets)
This is different from Asset Category (Major/Minor), which is more commonly changed.
When and How You Can Change It
Supported Changes (Common Cases):
- CIP → CAPITALIZED: Standard process via Capitalize CIP Assets.
- CAPITALIZED → CIP: Possible via reverse capitalization (if in the same period or under specific conditions).
- EXPENSED ↔ CAPITALIZED: Supported in some cases (e.g., when capital threshold rules allow it), often via Mass Adjustments.
Primary Method: Mass Adjustments (FBDI/Spreadsheet):
- Use the Fixed Asset Mass Adjustments Import template.
- There is a dedicated Transaction Type = "ASSET TYPE CHANGE".
- You can update the Asset Type column for multiple assets.
Note: Users have reported errors when trying to change from Expensed to Capitalized in certain releases/configurations. It may depend on the asset's status, depreciation posted, book settings, or capital threshold rules.
Other Ways:
- Asset Workbench or single-asset adjustments (limited for type changes).
- Specific processes like Update Asset Type (more common in Public Sector/GASB setups for Expensed → Capitalized/CIP).
Key Restrictions & Considerations
- Changes are not allowed (or cause issues) if:
- Depreciation has been run/posted.
- The asset is fully retired.
- There are financial impacts without proper reversal.
- In some books or configurations where the type is locked post-addition.
- Changing type often triggers accounting entries (journals) and may affect depreciation rules.
- Always test in a non-production environment first.
