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.