R12.X Oracle Asset Management Fundamentals

Course details

This course will be applicable for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1. Oracle Assets can help enterprises lower administrative costs by streamlining data management. In this course you will learn the fundamental concepts and implementation considerations of Oracle Asset Management. Concepts are learned through a series of tutorials, demonstrations, and practices. Upon completing this class you should be able to explain the Asset Management process from Asset Data Flow to the General Ledger, plan an Asset Management implementation, and Implement Oracle Assets, including the setting up of Asset Books, Mass Asset Additions, Asset Depreciation and Tax Accounting. Hands on practices and guided demonstrations supplement the student learning.

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

Course Objectives :

• 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 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 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 Explain the Oracle Assets accounting process
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• 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

Course 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