Saudi Aramco GI 202.301 CAPITAL ASSETS CODING SYSTEM AND DEPRECIATION

This document, Saudi Aramco General Instruction 202.301, outlines the systematic approach to coding capital assets within Saudi Aramco. It details the comprehensive general ledger (G/L) accounts, asset classes, subclasses, and specific item rates utilized for categorizing property, plant, and equipment (PP&E) and intangible assets.

The instruction covers the methodologies for creating new asset codes, revising existing item rates, and critically, the procedures for calculating depreciation expense using both the straight-line and units of production (UoP) methods. This guide is essential for ensuring accurate asset tracking, financial reporting, and consistent depreciation calculations across the organization, facilitating compliance and operational efficiency.

It provides clear guidance on linking assets to appropriate accounting treatments and management modules. Ideal for accounting professionals, financial analysts, and asset managers working within Saudi Aramco or similar large-scale industrial organizations.