Oracle fixed assets

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Information about Oracle fixed assets
Business & Mgmt

Published on February 4, 2014

Author: sm121972

Source: slideshare.net

Description

Upgrade consideration for Oracle R12 Fixed assets

Release 12

 After completing this module you should be able to:  Describe and use the new features in Release 12 of Oracle Assets  Set up the new features in Release 12 of Oracle Assets

 Sub Ledger Accounting Architecture and Inquiries  Enhanced Mass Additions for Legacy conversions  Automatic Preparation of Mass Additions  Flexible Reporting using XML publisher  Automatic depreciation rollback  Enhanced functionality for Energy industry

 Sub Ledger Accounting Architecture and Inquiries  Enhanced Mass Additions for Legacy conversions  Automatic Preparation of Mass Additions  Flexible Reporting using XML publisher  Automatic depreciation rollback  Enhanced functionality for Energy industry

 SLA  Oracle Assets is fully integrated with SLA, which is a common accounting platform for Sub Ledgers  You can use the seeded Account Derivation definitions or modify them as required  SLA supports Account Generator functionality for existing Asset Books  Supports new SLA Accounting report and online account inquiry

 Enables compliance with multiple legislative, industry or geography requirements concurrently in a single instance through configurable rules  Increase transparency and enable full auditability of the transaction and accounting data through the new data model

PROCESS View Journals in SLA inquiry Enter Transactions in Oracle Assets Drill down from Journal To Asset Run the Create Accounting Program Automated process

 SLA is a new common accounting architecture that:  Provides improved accounting reporting and analysis  Supports multiple accounting requirements concurrently in a single instance through configurable rules  Oracle Assets is fully integrated with Oracle Subledger Accounting for creating Journal Entries, Account drill down and Inquiry.

SETUP Compile the Application Accounting Definition Complete the accounting Setup flow

 Sub Ledger Accounting Architecture and Inquiries  Enhanced Mass Additions for Legacy conversions  Automatic Preparation of Mass Additions  Flexible Reporting using XML publisher  Automatic depreciation rollback  Enhanced functionality for Energy industry

 Many attributes have been added to the FA MASSADDITIONS interface table, including:      Asset life Depreciation method Prorate convention Bonus rule Ceiling name Depreciation limit

 Oracle Web Applications Desktop Integrator (Web ADI) has been enhanced to support the following new columns:        Depreciation Method Life in Months Basic Rate Adjusted Rate Prorate Convention Bonus Rule Depreciation Limit Type

 Customers can populate the values directly  Legacy conversion can be completely automated  Values can now be imported directly from your legacy system, instead of being derived from asset category setups

 Security---who is allowed to use Mass Additions using Web ADI?

 Sub Ledger Accounting Architecture and Inquiries  Enhanced Mass Additions for Legacy conversions  Automatic Preparation of Mass Additions  Flexible Reporting using XML publisher  Automatic depreciation rollback  Enhanced functionality for Energy industry

 Mass Additions:  Consist of default rules and Public APIs that can be used by customers to complete the preparation of mass addition lines automatically  Auto populate required fields such as Expense Account, Asset Category, and others

 Avoid manual intervention during the Mass Additions prepare process  Avoid customization and use public APIs to effect custom business logic

PROCESS Interface Mass Addition Lines from AP or Other system Run the Prepare Mass Additions Concurrent Program

 To process mass addition lines: 1. Interface Mass Additions Lines from Accounts Payable or any other system 2. Run the Prepare Mass Additions Program 3. Optionally verify Mass Additions data 4. Post Mass Additions

SETUP Set up Quickcodes

 Rules to Prepare Mass Additions: Value Description Use Default The Asset Category is derived based on the Asset Clearing Account if there is a one to one match in the Asset Category setup. The Expense account is derived based on the Clearing Account by replacing the natural account segment from the Asset Category. Use Custom The Prepare Mass Additions program will use the custom logic coded in the Public API Use Custom Energy Energy industry specific custom rule.

 Sub Ledger Accounting Architecture and Inquiries  Enhanced Mass Additions for Legacy conversions  Automatic Preparation of Mass Additions  Flexible Reporting using XML publisher  Automatic depreciation rollback  Enhanced functionality for Energy industry

 Major Asset Transaction reports have been modified to support XML publisher  You can modify or use new templates to view report output

XML reporting is available for the following asset reports: Asset Transfers Report  Transaction History Report  Asset Reclassification Report  Mass Additions Create Report  Cost Adjustment Report  Cost Summary Report  CIP Summary Report  Reserve Summary  Journal Entry Reserve Ledger  Asset Additions Report  CIP Capitalization Report  Mass Additions Posting  Asset Retirements 

 You can customize report output by modifying seeded templates or by using new templates

 Set up Procedure: 1. Query up the concurrent program as system administrator 2. Change the output format to XML 3. Once the output is flagged as XML, submit concurrent request

 Sub Ledger Accounting Architecture and Inquiries  Enhanced Mass Additions for Legacy conversions  Automatic Preparation of Mass Additions  Flexible Reporting using XML publisher  Automatic depreciation rollback  Enhanced functionality for Energy industry

 Depreciation is rolled back automatically by the system when any transaction is performed on an asset if the following conditions are met:  Depreciation has been processed in that period and  The period is not closed

 You are no longer required to run the depreciation rollback program manually  Depreciation rollback is executed only on select assets as required and not on the entire Asset Book

 Sub Ledger Accounting Architecture and Inquiries  Enhanced Mass Additions for Legacy conversions  Automatic Preparation of Mass Additions  Flexible Reporting using XML publisher  Automatic depreciation rollback  Enhanced functionality for Energy industry

 Energy   Allow Production method for Group Assets Allow Production upload to Group Assets  Energy  Units of Production Method for Group Assets Straight line Method Depreciation calculation formula is: Net Book Value/Remaining Life

 In this module, you should have learned how to:  Describe and use the new features in Release 12 of Oracle Assets  Set up the new features in Release 12 of Oracle Assets

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