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.
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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