Oracle E-Business Suite: Asset Management

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 Flex fields
• – Location Key Flex field
• – Creating Key Flex field 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 Expended 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 Reinstatement
• – 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

• 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

• End User
• Implementer