R12 fixed assets new features
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R12 fixed assets new features

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  • Subledger Accounting Architecture Benefits The flexibility of the accounting rule setup allows meeting different requirements in different legislative, geographic or industry contexts within a single instance. Assuming operations in multiple countries, each with its own legal requirements and accounting standards, you are able to define a setup to meet each of the requirements. SLA allows for multiple accounting requirements for a single transaction or business event. The accounting data that is generated is viewable and provides full auditability.
  • Subledger Accounting Process The process is executed as follows: Enter transactions in Oracle Assets Run the Create Accounting Program to process accounting. Inquire and drilldown from SLA Pages
  • Subledger Accounting Architecture Setup and Process Responsibility: Assets Navigation: Create Accounting The key setup steps are: Compile the Application Accounting Definition in SLA (Optionally modify the Application Accounting Definition) Complete the Accounting Setup flow in General Ledger
  • Enhanced Mass Additions for Legacy Conversions Description Attributes have been added to the FA MASSADDITIONS interface table to enhance the mass additions functionality.
  • Automatic Preparation of Mass Additions Benefits The major benefits of this feature are that you can: Avoid manual intervention during the Mass Additions prepare process Avoid customization and use public APIs to effect custom business logic
  • Automatic Depreciation Rollback Description Since release 11i, users have been able to run depreciation for an asset book without closing the period. If additional adjustments are required in the current period, then the user submits a process to roll back depreciation for the entire book, performs the necessary adjustment(s) and then resubmits the depreciation program. In Release 12, the intermediate manual step of rolling back depreciation for the entire book in order to process further adjustments on selected assets is no longer necessary. As before, you can submit depreciation for the entire book prior to closing the period. If it becomes necessary to process financial adjustments on one or more assets, you may proceed with the transaction normally via the asset workbench or mass transactions. Oracle Assets automatically rolls back the depreciation on just the selected assets (instead of the whole book) and allows the transactions to be processed normally. The assets for which depreciation was rolled back is automatically picked up during the next depreciation run or at the time that the depreciation period is finally closed.
  • Automatic Depreciation Rollback Benefits It is no longer required to run depreciation rollback program manually. Depreciation rollback is executed only on select assets as required and not on the entire Asset Book, thereby enhancing performance of the program.
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R12 fixed assets new features R12 fixed assets new features Presentation Transcript

  • Oracle Fixed AssetsCopyright © 2007, Oracle. All rights reserved.
  • ObjectivesAfter 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 Assets1-2 Copyright © 2007, Oracle. All rights reserved.
  • Subledger Accounting Architecture DescriptionSLA • Oracle Assets is fully integrated with SLA, which is a common accounting platform for Sub Ledgers • You can use the seeded Account Derivation definitions or modify them as required • SLA supports Account Generator functionality for existing Asset Books • Supports new SLA Accounting report and online account inquiry1-3 Copyright © 2007, Oracle. All rights reserved.
  • Subledger Accounting Architecture Benefits • 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 model1-4 Copyright © 2007, Oracle. All rights reserved.
  • Subledger Accounting Process PROCESS View Journals in SLA inquiry Enter Transactions in Oracle Assets Drill down from Journal To Asset Run the Create Accounting Program Automated process1-5 Copyright © 2007, Oracle. All rights reserved.
  • Subledger Accounting Architecture SummarySLA is a new common accounting architecture that: • Provides improved accounting reporting and analysis • Supports multiple accounting requirements concurrently in a single instance through configurable rulesOracle Assets is fully integrated with Oracle SubledgerAccounting for creating Journal Entries, Account drilldown and Inquiry.1-6 Copyright © 2007, Oracle. All rights reserved.
  • Subledger Accounting Setup SETUP Compile the Application Accounting Definition Complete the accounting Setup flow1-7 Copyright © 2007, Oracle. All rights reserved.
  • Enhanced Mass Additions for Legacy Conversions Description • Many attributes have been added to the FA MASSADDITIONS interface table, including: – Asset life – Depreciation method – Prorate convention – Bonus rule Ceiling name – Depreciation limit1-8 Copyright © 2007, Oracle. All rights reserved.
  • Automatic Preparation of Mass Additions DescriptionMass 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 others1-9 Copyright © 2007, Oracle. All rights reserved.
  • Automatic Preparation of Mass Additions Benefits • Avoid manual intervention during the Mass Additions prepare process • Avoid customization and use public APIs to effect custom business logic1 - 10 Copyright © 2007, Oracle. All rights reserved.
  • Automatic Preparation of Mass Additions Process PROCESS Interface Mass Addition Lines from AP or Other system Run the Prepare Mass Additions Concurrent Program1 - 11 Copyright © 2007, Oracle. All rights reserved.
  • Automatic Preparation of Mass Additions Process To process mass addition lines: 1. Interface Mass Additions Lines from Accounts Payable or any other system 2. Run the Prepare Mass Additions Program 3. Optionally verify Mass Additions data 4. Post Mass Additions1 - 12 Copyright © 2007, Oracle. All rights reserved.
  • • Major Asset Transaction reports have been modified to support XML publisher • You can modify or use new templates to view report output1 - 13 Copyright © 2007, Oracle. All rights reserved.
  • Automatic Depreciation Rollback Description 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 closed1 - 14 Copyright © 2007, Oracle. All rights reserved.
  • Automatic Depreciation Rollback Benefits • 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 Book1 - 15 Copyright © 2007, Oracle. All rights reserved.
  • Summary 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 Assets1 - 16 Copyright © 2007, Oracle. All rights reserved.