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EncartaLabs

Oracle Asset Management

( Duration: 2 Days )

This Oracle Asset Management training course is designed for managers and users who are required to set up or work with Oracle Assets on a day to day basis for fixed asset management. You will learn the asset management process from Asset Data Flow to the General Ledger, plan an asset management implementation and implement Oracle Assets.

By attending Oracle Asset Management workshop, delegates will learn to:

  • 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

  • An understanding of basic accounting concepts and the asset management function.
  • Knowledge of Oracle Accounts Payable and General Ledger would be advantageous.

The Oracle Asset Management class is ideal for:

  • Managers and end users such as Fixed Asset Accountants,or those who provide first line support to them who need to set up and use Oracle Assets. It would also be useful for Payables Supervisors so that they can appreciate the integration between Oracle Payables and Oracle Assets.

COURSE AGENDA

1

Course Introduction

2

Overview Of Oracle Asset Management Process

  • Overview of Oracle Assets
  • Oracle Assets Setup
  • Assets Key Flexfields
  • Implementing Assets
  • Asset Books and Categories
  • Adding Assets Manually
  • Mass Asset Additions Process
  • Adding and Capitalizing a CIP Asset
  • Acquire and Build CIP Assets
  • Asset Adjustments
  • Physical Inventory
  • Depreciation
  • Calculating Depreciation
  • Tracking Asset Retirements
  • Assets Journal Entries
  • Viewing Asset Information On-Line
  • Assets Reporting
  • Creating A Tax Book
  • Entering Information In Tax Books
3

Asset Controls Set Up

  • Oracle Assets Setup Steps
  • Setup Steps Flow
  • Oracle Assets Key Flexfields
  • Setting Up Key Flexfields
  • Asset Category Key Flexfield
  • Location Key Flexfield
  • Asset Key Key Flexfield
  • Creating Key Flexfield Combinations
  • Specifying System Controls
  • Quick Codes
  • Defining Fiscal Years And Calendars
  • Setting Up Fiscal Years
  • Setting Up Asset Calendars
  • Sharing Calendars
  • Profile Options
  • Maintaining Audit Trails
4

Asset Books

  • Asset Books Positioning
  • Asset Books Regions
  • Calendar Region
  • Accounting Rules Region
  • Natural Accounts Region
  • Security By Book
  • Organisations and Security By Book
  • How Security By Book Is Used Within Process Flow
  • Security By Book Set Up Steps
  • Troubleshooting Security By Book
5

Asset Categories

  • Asset Categories
  • Asset Categories Set Up
6

Manual Asset Additions

  • Adding Assets Manually
  • Asset Additions Required Data
  • Quick Additions
  • Detail Asset Additions
  • Asset Cost Terminology
  • Depreciate Check Box Actions
  • Detail Additions - Asignments and Source Lines Window
  • Manual Asset Additions Journal Entries
7

Mass Asset Additions

  • Mass Asset Additions Process
  • Using The Mass Additions Interface Table
  • Adding Assets From Invoice Distribution Lines
  • The Mass Additions Process
  • Mass Additions Create
  • Requirements To Create Mass Addition Lines
  • Tracking Expensed Items In Oracle Assets
  • Other Mass Additions Considerations
  • Prepare Mass Additions
  • Mass Addition Queues
  • Changing Asset Information
  • Merging Mass Addition Lines
  • Splitting Mass Addition Lines
  • Adding A Mass Addition To An Existing Asset
  • Accounting For Cost Adjustments Example
  • Post Mass Additions
  • Effect On Post Mass Additions On Queue Names
  • Delete Mass Additions
  • Purge Mass Additions
  • Future Transactions
  • View Pending Transactions
  • Create Assets Using ADI
  • ADI Upload To Oracle Assets
  • Using The ADI Import Text File Option
8

Cip Asset Additions

  • Adding and Capitalising A CIP Asset
  • Acquire and Build CIP Assets
  • Automatically Adding CIP Assets to Tax Books
  • Modifying the Cost of CIP Assets
  • Capitalising a CIP Asset
  • Reversing a Capitalised Asset
  • Recording a Capitalisation - Adding and Capitalising in the Same Period
  • Recording a Capitalisation - Adding and Capitalising in Different Periods
  • CIP Assets and Oracle Projects
  • Capital Projects Flow Integration
  • Creating Mass Additions From Oracle Projects
  • Integrating Oracle Projects With Oracle Assets
  • Oracle Asset Management Training Course Course Contents
9

Asset Adjustments

  • Asset Adjustment Overview
  • Single Asset Reclassification
  • Mass Reclassification
  • Inheriting Depreciation Rules
  • Mass Transactions Process
  • Adjusting Units
  • Adjusting Financial Information
  • Expense Or Amortise Depreciation Adjustments
  • Using Mass Changes
  • Single Asset Transfers
  • Mass Asset Transfers
  • Performing Physical Inventory
  • Entering Physical Inventory
  • Physical Inventory Comparison
  • Physical Inventory Reconcilliation
  • Integrating ADI With Physical Inventory
10

Depreciation

  • Elements Of Depreciation
  • Basic Depreciation Calculation
  • Depreciation Methods
  • Using The Life-Based Method
  • Using The Flat-Rate Method
  • Prorate Conventions
  • Run Depreciation Process
  • Depreciation Program Processes
  • Rollback Depreciation
  • Projecting Depreciation For An Asset
  • Defining A Projection
  • Depreciation Forecasts
  • Using Depreciation Override
  • Depreciation Reports
11

Asset Retirements

  • Tracking Asset Retirements
  • Overview Of Retiring An Asset
  • Restrictions On Retirements And Reinstatements
  • Fully Retiring Assets
  • Partially Retiring Assets
  • Mass Asset Retirements
  • Reinstating Retired Assets
  • Calculate Gains And Losses Program
  • Retirement Processing Flow
  • Processing A Pending Retirement And Reinstatement
  • Calculating Depreciation For The Period Retired
  • Recording Retirements And Reinstatements
  • Retirement Reports
12

Asset Accounting

  • Assets Journal Entries Flow
  • Journal Entries Created
  • Account Generator
  • Default Account Generator Process For Oracle Assets
  • Account Generator Example - Build Asset Cost Account
  • Generating Reports To Reconcile To The General Ledger
  • Reconciling Asset Cost Accounts
  • Reconciling A CIP Cost Account
  • Reconciling A Reserve Account
  • Reconciling Depreciation Expense
  • Reconciling Mass Additions
13

Asset Enquiry And Reporting

  • Viewing Asset Information Online
  • Asset Inquiries
  • Viewing Financial Informaton
  • Viewing Transaction History
  • Oracle Assets Reporting
  • Assets Reports Groupings
14

Tax Accounting

  • Creating a Tax Book
  • Asset Books Regions
  • Prerequisites For Setting Up Tax Book Asset Categories
  • Entering Information In Tax Books
  • Populating The Tax Book
  • Updating A Tax Book Manually
  • Deferred Depreciation
  • Calculating Deferred Depreciation
  • Adjusting Accumulated Depreciation
  • Adjusting Depreciation Reserve
  • Controlling Mass Depreciation Adjustment
  • Calculating Mass Depreciation Adjustment
  • Automatically Adding CIP Assets To Tax Books
  • General Tax Reports
  • Special Tax Reports
  • Depreciation Adjustment Reports
15

Asset Management Exercises

  • Create A Value For An Asset KFF Location
  • Create A Location KFF Combination
  • Add Quickcode Values
  • Create An Assets Calendar
  • Define An Asset Book
  • Review Security By Book Set Up
  • Add Asset Category KFF Values
  • Define Asset Categories
  • Add Asset Categories To An Asset Book
  • Add An Asset Using Quick Additions
  • Add An Asset Using Detail Additions
  • Detailed Addition with Distribution Set
  • Add An Asset With Multiple Assignments
  • Create Mass Addition Lines
  • Prepare Mass Addition Lines
  • Post Mass Additions
  • Add Assets Using ADI
  • Create A CIP Asset And Add Costs
  • Add A CIP Asset Cost Via Mass Additions
  • Capitalize A CIP Asset
  • Perform Single Asset Adjustments
  • Perform A Mass Change
  • Set Up A Physical Inventory
  • Create And Compare A Physical Inventory In ADI
  • Create A New Depreciation Method
  • Create A Prorate Convention
  • Run And Rollback Depreciation
  • Run A Depreciation Projection
  • Perform A Retirement And Reinstatement
  • Create And Review Journal Entries
  • Perform Asset Inquiries
  • Define A Tax Asset Book
  • Add Asset Categories To A Tax Book
  • Perform An Initial Mass Copy
  • Manually Add An Asset To A Tax Book
  • Run Depreciation For A Tax Book

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