R12.2 Oracle Asset Management Fundamentals

This R12.2 Oracle Asset Management Fundamentals training is designed for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1. Expert Oracle University instructors will help you explore fundamental concepts and implementation considerations of Oracle Asset Management.

Retail Price: $3,908.00

Next Date: Request Date

Course Days: 4


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Learn To:

  • Implement Oracle Assets.
  • Set up asset books.
  • Explain the asset management process.
  • Plan an asset management implementation.
  • Set up mass asset additions.
  • Set up depreciation and tax accounting.

 

Skills Gained

  • Describe adjustment transactions and how to use the physical inventory feature
  • Describe the Oracle Assets depreciation process
  • Explain asset retirements and the proper recording of accounting transactions, including running the Calculate Gains and Losses program and reinstatements of retired assets
  • Describe the asset financial information and transaction history inquiry process
  • Describe the key asset management reports and explain the use of the different reporting tools, including Web ADI and XML Publisher
  • Describe the tax accounting process, including creating a tax book, adding assets to the tax book using Initial Mass Copy and Periodic Mass Copy, and adding assets manually
  • Identify the key implementation issues regarding Oracle Asset Management fundamental topics
  • Describe the overall Asset Management process from setup through asset data flow to the General Ledger
  • Describe the Oracle Assets setup steps
  • Describe the three types of asset books - corporate, tax and budget; the setup options; and the use and process flow of the Security by Book feature
  • Explain the Oracle Assets accounting process
  • Identify the key functional areas that are part of Oracle Asset Management
  • Explain how to define asset categories
  • Discuss the requirements for adding assets manually, including the required fields, descriptive details, depreciation rules, and assignments
  • Explain the mass additions process
  • Explain how to add CIP assets manually, via mass additions and through Capital Projects

 

Who Can Benefit

  • End User
  • Implementer

 

Prerequisites

Required Prerequisite

  • R12.2 Oracle E-Business Suite Fundamentals Ed 1

Course Outline

Topics

 

  • Overview of Oracle Asset Management
    • E-Business Suite Integration
    • Implementation Considerations for Oracle Financials
    • Oracle Assets Setup Steps
    • Implementing Oracle Assets
    • Adding Assets Manually
    • Mass Asset Additions
    • Acquire and Build CIP Assets
    • Reconciling Data in Oracle Assets
  • Asset Controls Setup
    • Oracle Assets Setup Steps
    • Setup Steps Flow
    • Setting Up Key Flexfields
    • Location Key Flexfield
    • Creating Key Flexfield Combinations
    • Specifying System Controls
    • Setting Up Asset Calendars
    • Maintaining an Audit Trail
  • Asset Books
    • Asset Books Regions
    • Calendar Region
    • Accounting Rules Region
    • Organizations and Security by Book
    • Security by Book Setup Steps
    • Troubleshooting Security by Book
    • Implementation Considerations for Security by Book
  • Asset Categories
    • Asset Categories Positioning
    • Asset Categories Regions
    • Asset Categories Setup
  • Manual Asset Additions
    • Asset Life Cycle
    • Adding Assets Manually
    • Detailed Asset Additions
    • Asset Cost Terminology
    • Accumulated Depreciation Considerations
    • Manual Asset Additions Journal Entries
    • Group Depreciation
    • Set Up Group Assets
  • Mass Asset Additions
    • Mass Asset Additions Process
    • Using the Mass Additions Interface Table
    • Tracking Expensed Items in Oracle Assets
    • Changing Asset Information
    • Accounting for Cost Adjustments
    • Purge Mass Additions
    • Creating Assets Using Web ADI
  • CIP Asset Additions
    • Adding and Capitalizing a CIP Asset
    • Acquire and Build CIP Assets
    • Automatically Adding CIP Assets to Tax Books
    • Modifying the Cost of CIP Assets
    • Recording a CIP Asset Addition
    • Capitalizing a CIP Asset
    • Reversing a Capitalized Asset
    • CIP Assets and Oracle Projects
  • Asset Adjustments and Maintenance
    • Single Asset Reclassification
    • Mass Reclassification
    • Inheriting Depreciation Rules
    • Choosing to Expense or Amortize Depreciation Adjustments
    • Amortizing Adjustments Using a Retroactive Start Date
    • Asset Revaluation
    • Performing Physical Inventory
    • Physical Inventory Reconciliation
  • Depreciation
    • Elements of Depreciation
    • Depreciation Setup Areas
    • Basic Depreciation Calculation
    • Depreciation Methods
    • Entering Production Information
    • Prorate Conventions
    • Run Depreciation Process
    • Depreciation Forecasts
  • Asset Retirements
    • Tracking Asset Retirements
    • Overview of Retiring an Asset
    • Restrictions on Retirements and Reinstatements
    • Reinstating Retired Assets
    • Retirement Processing Flow
    • Recording Retirements
    • Retirement Reports
    • Calculating Gains and Losses
  • Asset Accounting
    • Setting Up Asset Accounting
    • Oracle Subledger Accounting
    • Assets Journal Entries Flow
    • Reconciling Data in Oracle Assets
    • Generating Reports to Reconcile to the General Ledger
    • Reconciling Asset Cost Accounts
    • Reconciling Mass Additions
  • Asset Inquiry and Reporting
  • Tax Accounting
  • E-Business Suite Integration
  • Implementation Considerations for Oracle Financials
  • Oracle Assets Setup Steps
  • Implementing Oracle Assets
  • Adding Assets Manually
  • Mass Asset Additions
  • Acquire and Build CIP Assets
  • Reconciling Data in Oracle Assets

Asset Controls Setup

  • Oracle Assets Setup Steps
  • Setup Steps Flow
  • Setting Up Key Flexfields
  • Location Key Flexfield
  • Creating Key Flexfield Combinations
  • Specifying System Controls
  • Setting Up Asset Calendars
  • Maintaining an Audit Trail

Asset Books

  • Asset Books Regions
  • Calendar Region
  • Accounting Rules Region
  • Organizations and Security by Book
  • Security by Book Setup Steps
  • Troubleshooting Security by Book
  • Implementation Considerations for Security by Book

Asset Categories

  • Asset Categories Positioning
  • Asset Categories Regions
  • Asset Categories Setup

Manual Asset Additions

  • Asset Life Cycle
  • Adding Assets Manually
  • Detailed Asset Additions
  • Asset Cost Terminology
  • Accumulated Depreciation Considerations
  • Manual Asset Additions Journal Entries
  • Group Depreciation
  • Set Up Group Assets

Mass Asset Additions

  • Mass Asset Additions Process
  • Using the Mass Additions Interface Table
  • Tracking Expensed Items in Oracle Assets
  • Changing Asset Information
  • Accounting for Cost Adjustments
  • Purge Mass Additions
  • Creating Assets Using Web ADI

CIP Asset Additions

  • Adding and Capitalizing a CIP Asset
  • Acquire and Build CIP Assets
  • Automatically Adding CIP Assets to Tax Books
  • Modifying the Cost of CIP Assets
  • Recording a CIP Asset Addition
  • Capitalizing a CIP Asset
  • Reversing a Capitalized Asset
  • CIP Assets and Oracle Projects

Asset Adjustments and Maintenance

  • Single Asset Reclassification
  • Mass Reclassification
  • Inheriting Depreciation Rules
  • Choosing to Expense or Amortize Depreciation Adjustments
  • Amortizing Adjustments Using a Retroactive Start Date
  • Asset Revaluation
  • Performing Physical Inventory
  • Physical Inventory Reconciliation

Depreciation

  • Elements of Depreciation
  • Depreciation Setup Areas
  • Basic Depreciation Calculation
  • Depreciation Methods
  • Entering Production Information
  • Prorate Conventions
  • Run Depreciation Process
  • Depreciation Forecasts

Asset Retirements

  • Tracking Asset Retirements
  • Overview of Retiring an Asset
  • Restrictions on Retirements and Reinstatements
  • Reinstating Retired Assets
  • Retirement Processing Flow
  • Recording Retirements
  • Retirement Reports
  • Calculating Gains and Losses

Asset Accounting

  • Setting Up Asset Accounting
  • Oracle Subledger Accounting
  • Assets Journal Entries Flow
  • Reconciling Data in Oracle Assets
  • Generating Reports to Reconcile to the General Ledger
  • Reconciling Asset Cost Accounts
  • Reconciling Mass Additions

Asset Inquiry and Reporting

  • Viewing Asset Information Online
  • Types of Asset Inquiries
  • Asset Inquiry Options
  • iAssets Search for Assets
  • iAssets Setup Steps
  • iAssets Setup Steps-Rules
  • iAssets Setup Steps-Profile Options
  • Oracle Assets Reporting

Tax Accounting

  • Creating a Tax Book
  • Prerequisites for Setting Up Tax Book Asset Categories
  • Entering Information in Tax Books
  • Updating a Tax Book Manually
  • Tax Book Upload Interface
  • Deferred Depreciation
  • Adjusting Accumulated Depreciation
  • General Tax Reports


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