11i Asset Management Fundamentals

Oracle Asset Management 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.

	Explain the Asset Management Process
	Plan an Asset Management Implementation
	Implement Oracle Assets
	Set up Asset Books
	Set up Mass Asset Additions
	Set up Depreciation and Tax Accounting

course content details

	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
	Manual Asset Additions Journal Entries

	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 ADI
	ADI Upload to Oracle Assets

	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 Reinstatement
	Reinstating Retired Assets
	Retirement Processing Flow
	Recording Retirements
	Retirement Reports

	Asset Accounting

	Setting Up Asset Accounting
	Assets Journal Entries Flow
	Account Generator
	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