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R12 Oracle Asset Management Fundamentals


R12 Oracle Asset Management Fundamentals

Edition 1.0

Now you can study at home by your self and
get certified.

Oracle Curriculum

These set teach you everything you need to know to become an Oracle R12 Certified Professional.

The tests are based directly from the information from these books

R12 Oracle Asset Management Fundamentals


What you will learn:

Oracle Assets 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.




Learn to:



Implement Oracle Assets
Set up asset books
Explain the asset management process
Plan an asset management implementation
Set up mass asset additions
Set up depreciation and tax accounting



Course Objectives:



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
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


Course Topics:



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
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
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 Reinstatements
Reinstating Retired Assets
Retirement Processing Flow
Recording Retirements
Retirement Reports
Calculating Gains and Losses
Asset Accounting
Setting Up Asset Accounting
Oracle Subledger Accounting
Assets Journal Entries Flow
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

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