Oracle fixed asset Parent Departments are used to group related departments for physical inventory purposes. The Parent Department drives the issuance of inventory worksheets, inventory group names, ...

Each department with an inventory is required to take a physical count at least once a year to ensure an accurate asset value is reported on the balance sheet and that cost of goods sold is recorded ...

RIT utilizes Oracle to facilitate the annual capital equipment physical inventory function. Oracle fixed asset Parent Departments are being used for physical inventory purposes. The Parent Department ...