Financials 11i: Asset Management Fundamentals

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Course Overview

Oracle Asset Management 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.

• Explain the Asset Management Process
• Plan an Asset Management Implementation
• Implement Oracle Assets
• Set up Asset Books
• Set up Mass Asset Additions
• Set up Depreciation and Tax Accounting

Audience

• Functional Implementer

Prerequisites

• Familiarity with data processing concepts and techniques
• 11i Navigate Oracle Applications
• 11i eBusiness Suite Essentials for Implementers

Skills Gained

• Identify the key functional areas that are part of Oracle Asset Management
• 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

Course Outline

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

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 ADI
• ADI Upload to Oracle Assets

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 FlowRecording Retiremen
• Retirement Reports

Asset Accounting

• Setting Up Asset Accounting
• Assets Journal Entries Flow
• Account Generator
• Reconciling Data in Oracle Assets
• Generating Reports to Reconcile to the General Ledger

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

Financials 11i: Asset Management Fundamentals / D17521GC20