R12: Oracle Financials

Oracle General Ledger Overview

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Module: Oracle Assets
 Module Objectives

• Asset Management Process Overview

• Key Areas within Asset Management
• Implementing Oracle Assets
• Asset Life Cycle
• Oracle Assets Setup Steps

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 What is Oracle Assets?

• Oracle Assets is a complete asset management solution that maintains

property and equipment accurately to help you select the best accounting
and tax strategies.

• Oracle Assets also helps maintain an accurate asset inventory, with

integration to the Oracle General Ledger and Payables and Projects
Module.

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 Overview of Oracle Assets

Adjustments Asset Additions Transfers

Manual External CIP

Retirements
Online inquiry

Depreciation
Reports Taxes

Journal Entries

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 Major Functions and Features

Oracle Assets facilitates the following tasks:

•You can add, transfer, and retire assets.

•You can adjust for a single asset, groups of assets, or financial

information

•Oracle Assets adapts to various countries' tax and accounting laws to

accommodate fluctuating economies, unplanned depreciation, and
other unforeseen circumstances.

•Physical Inventory and asset related reporting

•Online asset and financial inquires

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 Asset Life Cycle
Oracle Oracle Other/ WebADI
Manual Additions Payables Projects Legacy
Quick Additions Systems

Detail Additions

Birth of an
Asset

FA_MASS_ADDITIONS
Asset
Books

Asset Retired

Asset
Depreciates

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 Implementing Oracle Assets

1 2
Plan Implementation Setup Asset Mgmt
including iAssets

3 4
Convert Existing Reconcile With
Asset Information Previous System

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 E-Business Suite Integration
Oracle
Projects
Invoice Lines
Suppliers

CIP assets
Oracle Payables Oracle Purchasing

Physical Inventory
Budget Information Web
Asset Additions
ADI
Oracle
Spreadsheet Assets/iAssets
Journal Entries
Units of Measure
Employees Item Information

Oracle
Oracle Human Inventory
Resources Oracle General Ledger

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 Importing Assets from Oracle and Non Oracle Systems

Oracle
Projects
Oracle Other
Payables Systems

FA_MASS_ADDITIONS

Legacy Web
System ADI

Asset Books

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 Oracle Assets Setup Steps
Optional

Unit of Measure
Classes
Required
Units of Measure
Required w/Defaults
Employees

Ledger
Account Generator
Descriptive FF

Numbering

Asset Key Flexfield
Quick Codes

Suppliers

Asset Category
Depreciation

Locations
Flexfield Methods Combinations

Location Flexfield
Asset Keys
Combinations

System Controls

Security

Fiscal Years
Investment Tax
Credits

Calendars

Price Indexes

Book Controls

Distribution Sets

Prorate/Retirement
Leases
Conventions

Warranties

Asset Categories
Profile Options

Insurance

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 Oracle Assets Reporting

Oracle Assets Reports

Standard Variable Format Report Manager

Reports Reports (RXi)

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 Assets Reports Groupings

Budget CIP Asset Maintenance

Reports Reports Listings Reports

Setup Data Depreciation Accounting Responsibility

Listings Reports Reports Reports

Tax Transaction Additions Mass Addition

Reports History Reports Reports

Adjustment Transfers Retirement

Reports Reports Reports

Mass Transaction Reclassification

Reports Reports

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 Viewing Asset Information Online

Inquiry

Financial Depreciation
Information Book

Employee Purchasing Location

Information

Invoice Supplier

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