Oracle E-Business Suite R12 Asset Management Training

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Oracle E-Business Suite R12 Asset Management training is based on demonstrations and practical. The aspirants will learn how to implement the concepts of Oracle Asset Management. The fundamental knowledge on different types of asset books and asset categories are explained in support of real life examples. The learning sessions will explain how to describe the key asset management people, identify key functional areas, use different reporting tools, and also to add CIP assets manually. Practicing the concepts under the guidance of a domain expert is the distinguished feature of this training.

At the completion of the training, the participants will exhibit the following skills:

  • Explain the process of Asset Management starting from Asset Data Flow to the General Ledger
  • Plan and implement Asset Management through Oracle Assets
  • Set up mass asset additions, depreciation, and tax accounting
  • Make adjustments in assets and
  • Define asset inquiry and reporting process
Target audience
  • Functional Implementer
  • End Users
Prerequisites

R12.x Oracle E-Business Suite Essentials for Implementers course is a prerequisite for this course.

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Oracle E-Business Suite R12 Asset Management training is based on demonstrations and practical. The aspirants will learn how to implement the concepts of Oracle Asset Management. The fundamental knowledge on different types of asset books and asset categories are explained in support of real life examples. The learning sessions will explain how to describe the key asset management people, identify key functional areas, use different reporting tools, and also to add CIP assets manually. Practicing the concepts under the guidance of a domain expert is the distinguished feature of this training.

At the completion of the training, the participants will exhibit the following skills:

  • Explain the process of Asset Management starting from Asset Data Flow to the General Ledger
  • Plan and implement Asset Management through Oracle Assets
  • Set up mass asset additions, depreciation, and tax accounting
  • Make adjustments in assets and
  • Define asset inquiry and reporting process
Target audience
  • Functional Implementer
  • End Users
Prerequisites

R12.x Oracle E-Business Suite Essentials for Implementers course is a prerequisite for this course.

Oracle E-Business Suite R12 Asset Management Training Course Content

1. 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

2. 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

3. 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

4. Asset Categories

  • Asset Categories Positioning
  • Asset Categories Regions
  • Asset Categories Setup

5. 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

6. 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 Web ADI

7. 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

8. 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

9. Depreciation

  • Elements of Depreciation
  • Depreciation Setup Areas
  • Basic Depreciation Calculation
  • Depreciation Methods
  • Entering Production Information
  • Prorate Conventions
  • Run Depreciation Process
  • Depreciation Forecasts

10. Asset Retirements Tracking

  • Asset Retirements
  • Overview of Retiring an Asset
  • Restrictions on Retirements and Reinstatements
  • Reinstating Retired Assets
  • Retirement Processing Flow
  • Recording Retirements
  • Retirement Reports
  • Calculating Gains and Losses

11. Asset Accounting

  • Setting Up Asset Accounting
  • Oracle Subledger Accounting
  • Assets Journal EntriesFlow
  • Reconciling Data in Oracle Assets
  • Generating Reports to Reconcile to the General Ledger
  • Reconciling Asset Cost Accounts
  • Reconciling Mass Additions

12. 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

13. 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

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