4565 – R12.2 Oracle Asset Management Fundamentals

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