Oracle E-Business Suite R12 Asset Management Training - Locus IT Services

Oracle E-Business Suite R12 Asset Management Training

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Oracle E-Business Suite R12 Asset Management Training

After completing Oracle E-Business Suite R12 Asset Management Training course, students will be able to: identify the key implementation issues regarding Oracle Asset Management fundamental topics, describe the overall asset management process from setup through the asset data flow to the general ledger.

They can describe the Oracle Assets setup steps, understand fundamental concepts and implement various elements of Oracle Asset Management, implement the 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.

Oracle E-Business Suite R12 Asset Management Training Modules

Module 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
Module 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
Module 3: Asset Books
  • Asset Books Regions
  • Calendar Region
  • Accounting Rules Region
  • Organizations and Security by Book
  • Troubleshooting Security by Book
  • Implementation Considerations for Security by Book
  • Security by Book Setup Steps
Module 4: Asset Categories
  • Asset Categories Positioning and Regions
  • Asset Categories Setup
Module 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 in Oracle E-Business Suite R12 Asset Management Training
  • Set Up Group Assets
Module 6: Mass Asset Additions
  • Mass Asset Additions Process
  • Using the Mass Additions Interface Table
  • Tracking Expense Items in Oracle Assets
  • Changing Asset Information
  • Accounting for Cost Adjustments
  • Purge Mass Additions
  • Creating Assets Using Web ADI
Module 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
Module 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
Module 9: Depreciation
  • Elements of Depreciation
  • Depreciation Setup Areas
  • Basic Depreciation Calculation
  • Depreciation Methods
  • Entering Production Information
  • Prorate Conventions
  • Run Depreciation Process
  • Depreciation Forecasts
Module 10: Asset Retirements
  • Tracking Asset Retirements
  • Overview of Retiring an Asset
  • Restrictions on Retirements and Reinstatement’s
  • Reinstating Retired Assets
  • Retirement Processing Flow
  • Recording Retirements
  • Retirement Reports
  • Calculating Gains and Losses
Module 11: 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
  • Reconciling Asset Cost Accounts
  • Reconciling Mass Additions
Module 12: Asset Inquiry and Reporting
  • Viewing Asset Information Online
  • Types of Asset Inquiries
  • Asset Inquiry Options
  • iAssets Search for Assets
  • iAssets Setup Steps
  • Oracle Assets Reporting
  • iAssets Setup Steps-Rules
  • iAssets Setup Steps-Profile Options
Module 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

Using Locus IT‘s Oracle E-Business Suite R12 Asset Management Training, students will also learn how to explain the mass additions process and how to add the CIP assets manually, via mass additions and through Capital Projects. This course is best suited for end users and functional implementer’s. For more information, please contact us.

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