A group reclassification occurs when you change the group membership of an asset using the Asset Workbench. The group asset membership is changed when you modify the group asset field, which is found in the Group Asset tabbed region in the Books window.

A group reclassification occur in the following scenarios:

• Add a standalone asset into a group asset

• Transfer a member asset from a source group asset to a target group asset (transfer between group assets)

• Remove a member asset from a group asset

Oracle Assets provides the following two ways to process a group reclassification:

• Asset Workbench

• Mass Change

All group reclassifications of member assets are treated as amortized adjustments to the group asset, and you cannot backdate the group reclassification prior to the last group reclassification date or the last retirement transaction you have performed on this asset.

To transfer a member asset between source group assets, both group assets must have member asset tracking enabled. You cannot transfer a member asset from a source group asset containing member asset without tracking enabled, to a destination group asset with member asset tracking enabled.

You must check the Allow Intercompany Member Asset Assignment check box on the Book Controls window to transfer a member asset between group assets with different balancing segment values.