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DESCRIPTION
Upgrade consideration for Oracle R12 Fixed assets
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Release 12
After completing this module you should be able to: Describe and use the new features in Release 12 of Oracle
Assets Set up the new features in Release 12 of Oracle Assets
Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry
Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry
SLAOracle Assets is fully integrated with SLA, which is
a common accounting platform for Sub LedgersYou can use the seeded Account Derivation
definitions or modify them as requiredSLA supports Account Generator functionality for
existing Asset BooksSupports new SLA Accounting report and online
account inquiry
Enables compliance with multiple legislative, industry or geography requirements concurrently in a single instance through configurable rules
Increase transparency and enable full auditability of the transaction and accounting data through the new data model
Automated process
Enter Transactions in Oracle Assets
View Journals in SLA inquiry
Run the Create AccountingProgram
Drill down from Journal To Asset
PROCESS
SLA is a new common accounting architecture that: Provides improved accounting reporting and analysis Supports multiple accounting requirements concurrently in
a single instance through configurable rules Oracle Assets is fully integrated with Oracle
Subledger Accounting for creating Journal Entries, Account drill down and Inquiry.
Compile the Application Accounting Definition
Complete the accounting Setup flow
SETUP
Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry
Many attributes have been added to the FA MASSADDITIONS interface table, including: Asset life Depreciation method Prorate convention Bonus rule Ceiling name Depreciation limit
Oracle Web Applications Desktop Integrator (Web ADI) has been enhanced to support the following new columns: Depreciation Method Life in Months Basic Rate Adjusted Rate Prorate Convention Bonus Rule Depreciation Limit Type
Customers can populate the values directlyLegacy conversion can be completely automated
Values can now be imported directly from your legacy system, instead of being derived from asset category setups
Security---who is allowed to use Mass Additions using Web ADI?
Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry
Mass Additions:Consist of default rules and Public APIs that can
be used by customers to complete the preparation of mass addition lines automatically
Auto populate required fields such as Expense Account, Asset Category, and others
Avoid manual intervention during the Mass Additions prepare process
Avoid customization and use public APIs to effect custom business logic
Interface Mass AdditionLines from AP or Other system
Run the Prepare Mass Additions Concurrent Program
PROCESS
To process mass addition lines:1. Interface Mass Additions Lines from
Accounts Payable or any other system2. Run the Prepare Mass Additions Program3. Optionally verify Mass Additions data4. Post Mass Additions
Set up Quickcodes
SETUP
Rules to Prepare Mass Additions:
Value Description
Use Default
The Asset Category is derived based on the Asset Clearing Account if there is a one to one match in the Asset Category setup.
The Expense account is derived based on the Clearing Account by replacing the natural account segment from the Asset Category.
Use CustomThe Prepare Mass Additions program will use the custom logic coded in the Public API
Use Custom Energy
Energy industry specific custom rule.
Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry
Major Asset Transaction reports have been modified to support XML publisher
You can modify or use new templates to view report output
Asset Transfers Report Transaction History
Report Asset Reclassification
Report Mass Additions Create
Report Cost Adjustment Report Cost Summary Report CIP Summary Report Reserve Summary
Journal Entry Reserve Ledger
Asset Additions Report CIP Capitalization Report Mass Additions Posting Asset Retirements
XML reporting is available for the following asset reports:
You can customize report output by modifying seeded templates or by using new templates
Set up Procedure: 1. Query up the concurrent program as system
administrator2. Change the output format to XML3. Once the output is flagged as XML, submit
concurrent request
Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry
Depreciation is rolled back automatically by the system when any transaction is performed on an asset if the following conditions are met: Depreciation has been processed in that period and The period is not closed
You are no longer required to run the depreciation rollback program manually
Depreciation rollback is executed only on select assets as required and not on the entire Asset Book
Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry
Energy Units of Production Method for Group Assets Allow Production method for Group Assets Allow Production upload to Group Assets
Energy Straight line Method Depreciation calculation formula is:
Net Book Value/Remaining Life
In this module, you should have learned how to: Describe and use the new features in Release 12 of
Oracle Assets Set up the new features in Release 12 of Oracle Assets