Oracle Asset Management

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

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

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

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

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

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