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R12.2 Oracle Asset Management Fundamentals

  • Tuition USD $3,696 - $3,908 GSA  $3,083.12
  • Reviews star_rate star_rate star_rate star_rate star_half 879 Ratings
  • Course Code R12-AS-MNGMT-FUND
  • Duration 4 days
  • Available Formats Virtual, Classroom

This R12.2 Oracle Asset Management Fundamentals training is designed for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1. Expert Oracle University instructors will help you explore fundamental concepts and implementation considerations of Oracle Asset Management.

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.

Benefits to You

By taking this course, you'll walk away with the ability to leverage Oracle Assets to help your enterprise lower administrative costs by streamlining data management. You'll 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, as described above.

Learn Through Hands-On Exercises

You'll develop deeper expertise through a series of hands-on tutorials, demonstrations and practices. Interactive, guided demonstrations will supplement your learning.

Skills Gained

  • 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
  • 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

Who Can Benefit

  • End User
  • Implementer

Prerequisites

Required Prerequisite

  • R12.2 Oracle E-Business Suite Fundamentals Ed 1

Course Details

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
    • Manual Asset Additions Journal Entries
    • Group Depreciation
    • Set Up Group Assets
  • 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
    • Reconciling Asset Cost Accounts
    • Reconciling Mass Additions
  • Asset Inquiry and Reporting
  • Tax Accounting
  • 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
  • Group Depreciation
  • Set Up Group Assets

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
  • Reconciling Asset Cost Accounts
  • Reconciling Mass Additions

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

How do I enroll?

A comprehensive listing of ExitCertified courses can be found here. You can register directly for the required course/location when you select "register". If you have any questions or prefer to speak with an ExitCertified education consultant directly, please submit your query here. A representative will contact you shortly.

How do I pay for a class?

You can pay at the time of registration using credit card (Mastercard/Visa/American Express) cheque or PO.

What if I have training credits?

ExitCertified honors all savings programs from the partners we work with. ExitCertified also offers training credits across multiple partners through our FLEX Account.

When does class start/end?

Classes begin promptly at 9:00 am, and typically end at 5:00 pm.

Does the course schedule include a Lunchbreak?

Lunch is normally an hour long and begins at noon. Coffee, tea, hot chocolate and juice are available all day in the kitchen. Fruit, muffins and bagels are served each morning. There are numerous restaurants near each of our centers, and some popular ones are indicated on the Area Map in the Student Welcome Handbooks - these can be picked up in the lobby or requested from one of our ExitCertified staff.

How can someone reach me during class?

If someone should need to contact you while you are in class, please have them call the center telephone number and leave a message with the receptionist.

What languages are used to deliver training?

Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.

What does GTR stand for?

GTR stands for Guaranteed to Run; if you see a course with this status, it means this event is confirmed to run. View our GTR page to see our full list of Guaranteed to Run courses.

The entire course execution was vry structured and organized. The course preparation material was delivered in a timely manner and the course delivery and instructor knowledge where very good

Great experience with using the online training with Webcam and Zoom. It is as if I was there in the same classroom but in the comfort of my own setting.

One of the best organized and thoughtful learning sessions I've attended, thank you!

Well structured, easy to understand exercises. Some are more complex and need more context in order to fully understand.

Es recomendable, pero no puedo hablar sobre todos los cursos, solo el que tome que fue el de Spark trainning, en especifico ese curso, estuvo muy bueno, la verdad.

2 options available

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  • Oct 5, 2020 Oct 8, 2020 (4 days)
    Location
    Virtual
    Language
    English
    Time
    07:00 AM 15:00 PM PST
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  • Nov 9, 2020 Nov 12, 2020 (4 days)
    Location
    Miami, FL
    Language
    English
    Time
    09:00 AM 17:00 PM EST
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