This document discusses asset capitalization in Oracle Grants Accounting. It provides an overview of asset capitalization, describes project types for capitalizing assets, explains the process for capitalizing asset costs, and outlines steps for implementing asset capitalization such as defining standard unit costs and enabling retirement cost processing.
Changes in financial reporting requirements have transformed the fixed asset accounting framework. International Financial Reporting Standards (IFRS) require fixed assets to be recorded at cost, but there are two accounting models – the cost model and the revaluation model. So what’s the difference, and when should you use each? This session will address fixed asset accounting and reporting under both models and how each is accounted for in Release 12.
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Each ERP implementation has a set of main objectives, and one of them is to obtain Cost Accounting or Managerial Report for specific line of business.
As SAP, PeopleSoft or JD Edwards have such Cost Accounting module, we developed and offer a specialized module for Oracle Applications.
A presentation on Asset Management in SAP. It includes important definitions, types of assets, asset life cycle, month-end activities and year-end activities.
Contingent Worker Integration in a Professional Services CompanyRolta
This presentation will cover the joining between Service Procurement, Human Resources, Oracle Time and Labor, Accounts Payable, and the Project Suite in an Oracle R12 environment. A guide through the transaction process flow and configuration requirements for this integration with features and limitations intrinsic to the applications and a potential work around for different simultaneous task assignments.
Asset Revaluation or Impairment - Understanding the Accounting for Fixed Asse...eprentise
Changes in financial reporting requirements have transformed the fixed asset accounting framework. International Financial Reporting Standards (IFRS) require fixed assets to be recorded at cost, but there are two accounting models – the cost model and the revaluation model. So what’s the difference, and when should you use each? This session featuring Brian Lewis, Corporate Controller at eprentise, will address fixed asset accounting and reporting under both models and how each is accounted for in Release 12.
oracle project accounting | best oracle project accounting trainingOnlineOracleTrainings
oracle project accounting provides timely,detailed solutions to project managers and finance groups. Learn advanced topic of oracle project accounting training
For More Information You Can Contact Us @:
Mail id: inbox.oracletrainings@gmail.com
phone: + 91 8121 020 111
Oracle Project Accounting Course Content
THE PROJECT FOUNDATION
Features of the Oracle Project Costing
Features of the Oracle Project Billing .
Features of the Oracle Project Management
Steps to define Organization & Organization Hierarchy.
The Project set-up implementation options.
The Currency implementation options.
The System implementation options.
Steps to set Project Accounting & General Ledger periods.
Procedure to define a project role.
Procedure to define an project classification.
Identify the steps to define the project status.
Resource & Role Definition.
Defining different Project Types & identify their features.
Defining Project Templates with the Work Break Down Structure.
Usage of various Quick Entry options on a project template.
Features of the project template, Sequence the steps for the business flow process of item The lifecycle-project execution.
ORACLE PROJECT COSTING SETUP FOR COSTING
Types of Expenditure, Categories & Revenue Categories.
The Labor Cost Multipliers.
Burden Cost Bases,Codes, Structure & Schedules.
Defining the Burden Structures & Schedules.
Defining the Budget Entry for Costing.
Defining Budgets Types & Entry methods
Defining Resource list for Budgets.
Defining variousTransaction Controls.
Defining Rate Schedules.
Identify the various features of Oracle Project Approval Workflow.
Identify features of Oracle Budget Approval Workflow.
AUTO ACCOUNTING FOR COSTS
Defining Lookup-sets.
Defining The Auto Accounting Rules.
Assigning The Auto Accounting Rules.
Changes in financial reporting requirements have transformed the fixed asset accounting framework. International Financial Reporting Standards (IFRS) require fixed assets to be recorded at cost, but there are two accounting models – the cost model and the revaluation model. So what’s the difference, and when should you use each? This session will address fixed asset accounting and reporting under both models and how each is accounted for in Release 12.
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Each ERP implementation has a set of main objectives, and one of them is to obtain Cost Accounting or Managerial Report for specific line of business.
As SAP, PeopleSoft or JD Edwards have such Cost Accounting module, we developed and offer a specialized module for Oracle Applications.
A presentation on Asset Management in SAP. It includes important definitions, types of assets, asset life cycle, month-end activities and year-end activities.
Contingent Worker Integration in a Professional Services CompanyRolta
This presentation will cover the joining between Service Procurement, Human Resources, Oracle Time and Labor, Accounts Payable, and the Project Suite in an Oracle R12 environment. A guide through the transaction process flow and configuration requirements for this integration with features and limitations intrinsic to the applications and a potential work around for different simultaneous task assignments.
Asset Revaluation or Impairment - Understanding the Accounting for Fixed Asse...eprentise
Changes in financial reporting requirements have transformed the fixed asset accounting framework. International Financial Reporting Standards (IFRS) require fixed assets to be recorded at cost, but there are two accounting models – the cost model and the revaluation model. So what’s the difference, and when should you use each? This session featuring Brian Lewis, Corporate Controller at eprentise, will address fixed asset accounting and reporting under both models and how each is accounted for in Release 12.
oracle project accounting | best oracle project accounting trainingOnlineOracleTrainings
oracle project accounting provides timely,detailed solutions to project managers and finance groups. Learn advanced topic of oracle project accounting training
For More Information You Can Contact Us @:
Mail id: inbox.oracletrainings@gmail.com
phone: + 91 8121 020 111
Oracle Project Accounting Course Content
THE PROJECT FOUNDATION
Features of the Oracle Project Costing
Features of the Oracle Project Billing .
Features of the Oracle Project Management
Steps to define Organization & Organization Hierarchy.
The Project set-up implementation options.
The Currency implementation options.
The System implementation options.
Steps to set Project Accounting & General Ledger periods.
Procedure to define a project role.
Procedure to define an project classification.
Identify the steps to define the project status.
Resource & Role Definition.
Defining different Project Types & identify their features.
Defining Project Templates with the Work Break Down Structure.
Usage of various Quick Entry options on a project template.
Features of the project template, Sequence the steps for the business flow process of item The lifecycle-project execution.
ORACLE PROJECT COSTING SETUP FOR COSTING
Types of Expenditure, Categories & Revenue Categories.
The Labor Cost Multipliers.
Burden Cost Bases,Codes, Structure & Schedules.
Defining the Burden Structures & Schedules.
Defining the Budget Entry for Costing.
Defining Budgets Types & Entry methods
Defining Resource list for Budgets.
Defining variousTransaction Controls.
Defining Rate Schedules.
Identify the various features of Oracle Project Approval Workflow.
Identify features of Oracle Budget Approval Workflow.
AUTO ACCOUNTING FOR COSTS
Defining Lookup-sets.
Defining The Auto Accounting Rules.
Assigning The Auto Accounting Rules.
GraphSummit Singapore | The Future of Agility: Supercharging Digital Transfor...Neo4j
Leonard Jayamohan, Partner & Generative AI Lead, Deloitte
This keynote will reveal how Deloitte leverages Neo4j’s graph power for groundbreaking digital twin solutions, achieving a staggering 100x performance boost. Discover the essential role knowledge graphs play in successful generative AI implementations. Plus, get an exclusive look at an innovative Neo4j + Generative AI solution Deloitte is developing in-house.
Unlocking Productivity: Leveraging the Potential of Copilot in Microsoft 365, a presentation by Christoforos Vlachos, Senior Solutions Manager – Modern Workplace, Uni Systems
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Maruthi Prithivirajan, Head of ASEAN & IN Solution Architecture, Neo4j
Get an inside look at the latest Neo4j innovations that enable relationship-driven intelligence at scale. Learn more about the newest cloud integrations and product enhancements that make Neo4j an essential choice for developers building apps with interconnected data and generative AI.
GridMate - End to end testing is a critical piece to ensure quality and avoid...ThomasParaiso2
End to end testing is a critical piece to ensure quality and avoid regressions. In this session, we share our journey building an E2E testing pipeline for GridMate components (LWC and Aura) using Cypress, JSForce, FakerJS…
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Removing Uninteresting Bytes in Software FuzzingAftab Hussain
Imagine a world where software fuzzing, the process of mutating bytes in test seeds to uncover hidden and erroneous program behaviors, becomes faster and more effective. A lot depends on the initial seeds, which can significantly dictate the trajectory of a fuzzing campaign, particularly in terms of how long it takes to uncover interesting behaviour in your code. We introduce DIAR, a technique designed to speedup fuzzing campaigns by pinpointing and eliminating those uninteresting bytes in the seeds. Picture this: instead of wasting valuable resources on meaningless mutations in large, bloated seeds, DIAR removes the unnecessary bytes, streamlining the entire process.
In this work, we equipped AFL, a popular fuzzer, with DIAR and examined two critical Linux libraries -- Libxml's xmllint, a tool for parsing xml documents, and Binutil's readelf, an essential debugging and security analysis command-line tool used to display detailed information about ELF (Executable and Linkable Format). Our preliminary results show that AFL+DIAR does not only discover new paths more quickly but also achieves higher coverage overall. This work thus showcases how starting with lean and optimized seeds can lead to faster, more comprehensive fuzzing campaigns -- and DIAR helps you find such seeds.
- These are slides of the talk given at IEEE International Conference on Software Testing Verification and Validation Workshop, ICSTW 2022.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Enchancing adoption of Open Source Libraries. A case study on Albumentations.AIVladimir Iglovikov, Ph.D.
Presented by Vladimir Iglovikov:
- https://www.linkedin.com/in/iglovikov/
- https://x.com/viglovikov
- https://www.instagram.com/ternaus/
This presentation delves into the journey of Albumentations.ai, a highly successful open-source library for data augmentation.
Created out of a necessity for superior performance in Kaggle competitions, Albumentations has grown to become a widely used tool among data scientists and machine learning practitioners.
This case study covers various aspects, including:
People: The contributors and community that have supported Albumentations.
Metrics: The success indicators such as downloads, daily active users, GitHub stars, and financial contributions.
Challenges: The hurdles in monetizing open-source projects and measuring user engagement.
Development Practices: Best practices for creating, maintaining, and scaling open-source libraries, including code hygiene, CI/CD, and fast iteration.
Community Building: Strategies for making adoption easy, iterating quickly, and fostering a vibrant, engaged community.
Marketing: Both online and offline marketing tactics, focusing on real, impactful interactions and collaborations.
Mental Health: Maintaining balance and not feeling pressured by user demands.
Key insights include the importance of automation, making the adoption process seamless, and leveraging offline interactions for marketing. The presentation also emphasizes the need for continuous small improvements and building a friendly, inclusive community that contributes to the project's growth.
Vladimir Iglovikov brings his extensive experience as a Kaggle Grandmaster, ex-Staff ML Engineer at Lyft, sharing valuable lessons and practical advice for anyone looking to enhance the adoption of their open-source projects.
Explore more about Albumentations and join the community at:
GitHub: https://github.com/albumentations-team/albumentations
Website: https://albumentations.ai/
LinkedIn: https://www.linkedin.com/company/100504475
Twitter: https://x.com/albumentations
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
zkStudyClub - Reef: Fast Succinct Non-Interactive Zero-Knowledge Regex ProofsAlex Pruden
This paper presents Reef, a system for generating publicly verifiable succinct non-interactive zero-knowledge proofs that a committed document matches or does not match a regular expression. We describe applications such as proving the strength of passwords, the provenance of email despite redactions, the validity of oblivious DNS queries, and the existence of mutations in DNA. Reef supports the Perl Compatible Regular Expression syntax, including wildcards, alternation, ranges, capture groups, Kleene star, negations, and lookarounds. Reef introduces a new type of automata, Skipping Alternating Finite Automata (SAFA), that skips irrelevant parts of a document when producing proofs without undermining soundness, and instantiates SAFA with a lookup argument. Our experimental evaluation confirms that Reef can generate proofs for documents with 32M characters; the proofs are small and cheap to verify (under a second).
Paper: https://eprint.iacr.org/2023/1886
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
UiPath Test Automation using UiPath Test Suite series, part 5DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
Topics covered:
CI/CD with in UiPath
End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
Lyndsey Byblow, Test Suite Sales Engineer @ UiPath, Inc.
2. Objectives
– Describe the purpose of asset capitalization
– Explain the processing flow for asset capitalization
– Perform asset capitalization implementation steps
3. Agenda
– Overview of Asset Capitalization
– Project Types for Asset Capitalization
– Process Asset Capitalization
– Adjustments
– Implementing Asset Capitalization
4. Sponsored vs. Non-sponsored Projects
Capital Project
Capital
Assets
Award
Example: A capital project which is a sponsored project
5. Overview of Asset Capitalization
Construction of
a new building
Installation of a
wireless
network
Capture construction-in-process (CIP) costs for assets you
are creating. Capture cost of removal and proceeds of sale
amounts (RWIP) for assets you are retiring.
Retirement of
an asset
6. Overview of Asset Capitalization
Retirement
Adjustment
Assets
Capital
Assets
Capital Project
Capture CIP
Costs
Capture RWIP
Costs
You can set up capital projects to capture capital asset
costs, retirement costs, or both.
7. Award and Project-Related Asset
Processing Flow
Oracle
Purchasing
Oracle
Payables
Oracle
Grants
Accounting
Oracle
Assets
Oracle
Subledger
Accounting
Oracle
General Ledger
Receipt Accrual Costs
Purchasing
Details
Supplier
Costs
CIP and RWIP
Assets and Cost
Post Cost
Post
Cost
Non-CIP Assets*
Transfer to GL
Post Cost
*If a non-CIP asset is associated
with a capital project, then
Oracle Grants Accounting
interfaces the asset and costs
from Oracle Payables and sends
them to Oracle Assets.
8. Accounting ExampleProject X is set up to collect costs for installing street lights in city
A. Several street lights are being removed from existing streets and
retired.
Description Amounts
Supplier Invoice – Road maps/satellite pictures 2,000.00
Supplier Invoice – City civic contractor 5,500.00
Supplier Invoice – Installation trucks 1,300.00
Supplier Invoice – Installing street lights 2,500.00
Employee labor for project management 1,400.00
Usage for use of company car 55.00
Employee labor for removing old street lights 500.00
Total Cost 13,255.00
9. Accounting Example
You create subledger accounting entries for the supplier invoice
transactions from Oracle Payables. Oracle Subledger Accounting
transfers the accounting to Oracle General Ledger.
Accounts Debit
Amount
Credit
Amount
CIP – Street lighting 11,300.00
Accounts Payable Trade 11,300.00
Accounts for Supplier Invoice Transactions
10. Accounting Example
You account for the employee labor and usage transactions you
enter in Oracle Grants Accounting.
Accounts Debit
Amount
Credit
Amount
CIP – Street Lighting 1,455.00
RWIP - Street lights - Cost of Removal 500.00
Payroll Liability 1900.00
Usage Clearing 55.00
Accounts for Expenditure Items in Oracle Grants
Accounting
11. Accounting Example
Define Billing implementation options to control
contract project setup and processing.
After reviewing the costs, you determine that you cannot capitalize
the installation trucks, and change the transaction from
capitalizable to non- capitalizable. In Oracle Grants Accounting,
you distribute the supplier cost adjustment, generate cost
accounting events, and create subledger accounting entries for the
accounting events. Oracle Subledger Accounting transfers the
accounting entries to Oracle General Ledger.
Accounts Debit
Amount
Credit
Amount
Supplier Invoice Expense 1,300.00
CIP – Street Lighting 1,300.00
Accounts for a Capital Cost Adjustment
12. Accounting Example
You place the assets in service and interface the CIP asset lines to Oracle
Assets. After you post the assets in Oracle Assets, you create accounting
entries.
Accounts Debit
Amount
Credit
Amount
Assets – Street lights 11,455.00
CIP – Street Lighting 11,455.00
Accounts for Capital Assets
13. Accounting Example
After the existing street lights are removed, you specify a
retirement date for the retirement asset and interface the RWIP
asset lines to Oracle Assets. After you post the retirement
adjustment asset in Oracle Assets, you create subledger
accounting entries.
Accounts Debit
Amount
Credit
Amount
Accumulated Depreciation – Street
Lights - Cost of Removal
500.00
RWIP – Street Lights - Cost of
Removal
500.00
Accounts for Retirement Adjustment Assets
14. Agenda
– Overview of Asset Capitalization
– Project Types for Asset Capitalization
– Process Asset Capitalization
– Adjustments
– Implementing Asset Capitalization
15. Project Types for Asset
Capitalization
Project Types for
Capital Projects
Project Class = Capital
CIP
Interface Supplier Invoices
Capitalized Interest
Capitalization Information Tab
Define capitalization information on the Capitalization
Information tab for capital class project types.
16. Agenda
– Overview of Asset Capitalization
– Project Types for Asset Capitalization
– Process Asset Capitalization
– Adjustments
– Implementing Asset Capitalization
17. Asset Capitalization Flow: CIP Costs
Create project Define assets
Specify actual
date in service or
retirement date
Collect costs
Review costs
and make
adjustments
Generate asset
lines
Review asset cost
lines and make
adjustments
Interface assets
to Oracle Assets
Tieback asset
lines
18. Specifying Costs
Specify how to classify costs
Capital Assets
Specify whether to capitalize
or expense each transaction
Retirement Adjustment Assets
Classify retirement costs as
costs of removal or proceeds
of sale amounts
19. Defining Assets for Capital Projects
OK!
Project 1 Project 2
Capital
Asset A
Capital
Asset B
Capital
Asset C
Retirement
Adjustment
Asset D
Capital
Asset A
Project 1
Project 2
NO!
You can define multiple assets on a single capital project. A single
asset cannot be created for multiple projects.
20. Streamlining Asset Creation
Asset BAsset A
Copy
Assets
Copy assets within a project
Project
Asset
APIs
Assets (external source)
Create, update, and delete
assets and asset assignments
Streamline the creation of assets on projects
21. Asset Grouping Levels
Grouping levels control how Oracle Grants Accounting summarizes
expenditure items into asset lines.
Grouping Levels:
– Project
– Top Task Only
– Lowest Task Only
– Mixed Task Level
Grouping Level
Types:
– Specific Assets
– Common Costs
Assets
Assign assets
22. Asset Cost Allocation Methods
Capital Project
Actual Units
Client Extension
Current Cost
Estimated Cost
Standard Unit Cost
Spread Evenly
Asset Cost Allocation
Methods
Specify a default asset
allocation method for a capital
project type and override it at
the project level.
23. Specifying an Actual Date in
Service or Retirement Date
Record an Actual Date in Service to place each capital asset in
service as it is completed. Specify a retirement date for to
signify the retirement of a retirement adjustment asset.
Capital Asset A
Actual Date in
Service: None
Capital Asset B
Actual Date in
Service: 18-APR-
2007
Retirement
Adjustment Asset C
Retirement Date:
01-JUN-2007
Meadow Office Park Project
24. Capital Events
Optionally, use capital events to group assets and costs on a
project before generating asset lines for capitalization and
retirement cost processing.
Capital Event
– Event Number: 1
– Event Name: JUL-07
– Asset Cost Allocation
Method: Standard Cost
Event Assets
– Elevators
– Roof
Event Costs
– Task 2.1
Professional Labor
– Task 3.2
Materials
25. Generating Summary Asset Lines
Run costing and funds check
processes
Interface supplier
costs to Oracle
Grants Accounting
Run programs to generate cost
accounting events and create
subledger accounting
Generate asset lines
Update project summary amounts
Processing flow to generate summary asset lines
26. Assigning Asset Lines
Asset Name Description Task Amount
Asset A ADMINISTRATIVE 1.1 1552.15
Asset A AIRFARE 1.1 565.23
Asset B COMPUTERS 1.2 899.23
Asset B PROFESSIONAL 1.2 2566.25
Unassigned ADMINISTRATIVE 2.0 8753.87
Unassigned DUPLICATION 2.0 42.50
Example: The administrative and duplication
asset lines on task 2.0 are unassigned.
27. Sending Asset Lines to Oracle
Assets
Oracle
Grants
Accounting
Oracle
Assets
Interface Assets
Tieback asset lines
Interface capital asset lines and retirement adjustment asset
lines to Oracle Assets and tieback asset lines.
28. Agenda
– Overview of Asset Capitalization
– Project Types for Asset Capitalization
– Process Asset Capitalization
– Adjustments
– Implementing Asset Capitalization
29. Adjusting Capital Project Costs
You can continue to adjust costs for an asset even after
you interface the asset to Oracle Assets.
Oracle
Grants
Accounting
Oracle
Assets
Interface Assets
Create Adjustments
Interface positive and
negative cost
adjustments to Oracle
Assets
Tieback asset lines
30. Reversing Capitalization of Assets
in Oracle Grants Accounting
Reverse capitalization in
Oracle Grants
Accounting and send
reversing lines to Oracle
Assets
Do not reverse capitalization
of a project asset in Oracle
Assets
31. Abandoning a Capital Asset in
Oracle Grants Accounting
Accounting example: the CIP account is credited and
expense accounts debited after processing the
abandonment
Accounts Debit
Amount
Credit
Amount
Supplier Invoice Expense 10,000.00
Payroll Expense 1400.00
Usage Expense 55.00
CIP – Street Lighting 11,455.00
32. Agenda
– Overview of Asset Capitalization
– Project Types for Asset Capitalization
– Process Asset Capitalization
– Adjustments
– Implementing Asset Capitalization
33. Asset Capitalization
Implementation Steps
Steps for Implementing Asset
Capitalization
Required or Optional
Implement Asset Extensions Optional
Define Standard Unit Costs for Asset
Cost Allocations
Optional
Enable Retirement Cost Processing Optional
Define Proceeds of Sale Expenditure
Types
Optional
Asset Capitalization Implementation Steps
34. Implement Asset Extensions
Client Extensions for Asset Processing
Asset Assignment Extension
Asset Cost Allocation Basis Extension
Asset Lines Processing Extension
Capital Event Processing Extension
CIP Account Override Extension
CIP Grouping Extension
Depreciation Account Override Extension
Client extensions you can implement for asset
processing in Oracle Grants Accounting
35. Define Standard Unit Costs for
Asset Cost Allocations
Asset Book Asset Category Cost Per Unit
PROGRESS, S&L BUILDING-ARENA 25,000.00
PROGRESS, S&L FURNITURE-DESKS 1,500.00
PROGRESS, S&L AUTO-TRUCK 20,000.00
PROGRESS, S&L EQUIPMENT-MOVABLE 15,000.00
Example: Project Asset Standard Unit Costs
Define a standard unit cost for each asset book and asset
category combination for which you want to allocate costs.
36. Enable Retirement Cost Processing
No (Default Value)
You cannot access
retirement cost processing
windows and features
Yes
You can access retirement
cost processing windows
and features
Profile Option
PA: Retirement Cost Processing Enabled
Enable retirement cost processing at the site-level
37. Define Proceeds of Sale Expenditure
Types
Transaction
– Project:
Construction
– Task:
1.1 Retirement Costs
– Expenditure Type:
Proceeds of Sales
– Expenditure Organization:
Services-East
Define expenditure types to classify and account for proceeds of
sale amounts for retirement cost processing.
38. Summary
– Describe the purpose of asset capitalization
– Explain the processing flow for asset capitalization
– Perform asset capitalization implementation steps