Oracle Asset Management

This 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.

The delegate will learn and acquire skills as follows:

• Setting up asset controls
• Defining asset books and categories
• Setting up depreciation
• Adding asset additions manually
• Creating and preparing mass additions
• Posting mass additions
• Using CIP asset additions
• Adjusting and maintaining assets
• Clearing historical data
• Transferring assets
• Depreciating assets and project assets
• Report reconciliation
• Retiring and reinstating assets and calculating gains and losses
• Creating asset management journal entries
• Using the account generator
• Performing asset inquiries and reports
• Tax accounting

This Oracle Asset Management course is suitable 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.

Delegates will gain an understanding of the asset life cycle. They will be able to add an asset, adjust and revalue an asset, calculate depreciation on an asset, transfer an asset and retire an asset. Delegates will also learn how to use the Mass Additions process to integrate with Oracle Accounts Payable.

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

• Oracle 11i System Administration
• Oracle R12 System Administration
• Oracle Application Desktop Integrator (ADI)

• Course technical content is subject to change without notice.
• Course content is structured as sessions, this does not strictly map to course timings. Concepts, content and practicals often span sessions.

Course Contents - DAY 1

Course Introduction

• Administration and Course Materials
• Course Structure and Agenda
• Delegate and Trainer Introductions

Session 1: OVERVIEW OF THE 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

Session 2: 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

View Course Contents - DAY 1 (continued)

Session 3: 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

Session 4: ASSET CATEGORIES

• Asset Categories
• Asset Categories Set Up

Session 5: 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

Session 6: 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

View Course Contents - DAY 1 (continued)

Session 7: 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

Course Contents - DAY 2

Session 8: 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

Session 9: 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

View Course Contents - DAY 2 (continued)

Session 10: 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

Session 11: 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

View Course Contents - DAY 2 (continued)

Session 12: ASSET ENQUIRY AND REPORTING

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

Session 13: 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

Session 14: 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