R12 fixed assets new features

Copyright © 2007, Oracle. All rights reserved.

Oracle Fixed Assets

Copyright © 2007, Oracle. All rights reserved.1 - 2

Objectives

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


Subledger Accounting Architecture Description

SLA

• 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 inquiry


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 model


Subledger Accounting Process

Automated process

Enter Transactions in Oracle Assets

View Journals in SLA inquiry

Run the Create AccountingProgram

Drill down from Journal To Asset

PROCESS


Subledger Accounting Architecture Summary

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.


Subledger Accounting Setup

Compile the Application Accounting

Definition

Complete the accounting Setup flow

SETUP


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 limit


Automatic Preparation of Mass Additions Description

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


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 logic


Automatic Preparation of Mass Additions Process

Interface Mass AdditionLines from AP or

Other system

Run the Prepare Mass Additions

Concurrent Program

PROCESS


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 Additions


• Major Asset Transaction reports have been modified to support XML publisher

• You can modify or use new templates to view report output


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 closed


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 Book


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 Assets

R12 fixed assets new features

Documents

Transcript of R12 fixed assets new features