E-Business Suite

4565 : R12.2 Oracle Asset Management Fundamentals

Course Duration

4 Days

Delivery

ILT/VILT

Overview

Overview Course Curriculum Training Schedule Exam & Certification FAQs

This R12.2 Oracle Asset Management Fundamentals training is ideal for customers who have implemented Oracle E-Business Suite Release 12, 12.1, or 12.2. Explore the fundamental concepts and implementation considerations of Oracle Asset Management.

This R12.2 Oracle Asset Management Fundamentals training is designed for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1. Expert Oracle University instructors will help you explore fundamental concepts and implementation considerations of Oracle Asset Management.

By taking this course, you'll walk away with the ability to leverage Oracle Assets to help your enterprise lower administrative costs by streamlining data management. You'll be able to explain the asset management process from Asset Data Flow to the General Ledger, plan an asset management implementation and implement Oracle Assets, as described abov

What You'll Learn

Describe adjustment transactions and how to use the physical inventory feature
Describe the Oracle Assets depreciation process
Explain asset retirements and the proper recording of accounting transactions, including running the Calculate Gains and Losses program and reinstatements of retired assets
Describe the asset financial information and transaction history inquiry process
Describe the key asset management reports and explain the use of the different reporting tools, including Web ADI and XML Publisher
Describe the tax accounting process, including creating a tax book, adding assets to the tax book using Initial Mass Copy and Periodic Mass Copy, and adding assets manually
Identify the key implementation issues regarding Oracle Asset Management fundamental topics
Describe the overall Asset Management process from setup through asset data flow to the General Ledger
Describe the Oracle Assets setup steps
Describe the three types of asset books - corporate, tax and budget; the setup options; and the use and process flow of the Security by Book feature
Explain the Oracle Assets accounting process
Identify the key functional areas that are part of Oracle Asset Management
Explain how to define asset categories
Discuss the requirements for adding assets manually, including the required fields, descriptive details, depreciation rules, and assignments
Explain the mass additions process
Explain how to add CIP assets manually, via mass additions and through Capital Projects

Who Should Attend

End User
Implementer

Prerequisites

R12.2 Oracle E-Business Suite Fundamentals Ed 1

Learning Journey

Coming Soon...

Overview of Oracle Asset Management

E-Business Suite Integration
Implementation Considerations for Oracle Financials
Oracle Assets Setup Steps
Implementing Oracle Assets
Adding Assets Manually
Mass Asset Additions
Acquire and Build CIP Assets
Reconciling Data in Oracle Assets

Asset Controls Setup

Oracle Assets Setup Steps
Setup Steps Flow
Setting Up Key Flexfields
Location Key Flexfield
Creating Key Flexfield Combinations
Specifying System Controls
Setting Up Asset Calendars
Maintaining an Audit Trail

Asset Books

Asset Books Regions
Calendar Region
Accounting Rules Region
Organizations and Security by Book
Security by Book Setup Steps
Troubleshooting Security by Book
Implementation Considerations for Security by Book

Asset Categories

Asset Categories Positioning
Asset Categories Regions
Asset Categories Setup

Manual Asset Additions

Asset Life Cycle
Adding Assets Manually
Detailed Asset Additions
Asset Cost Terminology
Accumulated Depreciation Considerations
Manual Asset Additions Journal Entries
Group Depreciation
Set Up Group Assets

Mass Asset Additions

Mass Asset Additions Process
Using the Mass Additions Interface Table
Tracking Expensed Items in Oracle Assets
Changing Asset Information
Accounting for Cost Adjustments
Purge Mass Additions
Creating Assets Using Web ADI

CIP Asset Additions

Adding and Capitalizing a CIP Asset
Acquire and Build CIP Assets
Automatically Adding CIP Assets to Tax Books
Modifying the Cost of CIP Assets
Recording a CIP Asset Addition
Capitalizing a CIP Asset
Reversing a Capitalized Asset
CIP Assets and Oracle Projects

Asset Adjustments and Maintenance

Single Asset Reclassification
Mass Reclassification
Inheriting Depreciation Rules
Choosing to Expense or Amortize Depreciation Adjustments
Amortizing Adjustments Using a Retroactive Start Date
Asset Revaluation
Performing Physical Inventory
Physical Inventory Reconciliation

Depreciation

Elements of Depreciation
Depreciation Setup Areas
Basic Depreciation Calculation
Depreciation Methods
Entering Production Information
Prorate Conventions
Run Depreciation Process
Depreciation Forecasts

Asset Retirements

Tracking Asset Retirements
Overview of Retiring an Asset
Restrictions on Retirements and Reinstatements
Reinstating Retired Assets
Retirement Processing Flow
Recording Retirements
Retirement Reports
Calculating Gains and Losses

Asset Accounting

Setting Up Asset Accounting
Oracle Subledger Accounting
Assets Journal Entries Flow
Reconciling Data in Oracle Assets
Generating Reports to Reconcile to the General Ledger
Reconciling Asset Cost Accounts
Reconciling Mass Additions

This course is not associated with any Certification.

Frequently Asked Questions (FAQs)

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Oracle certifications are globally recognized credentials that validate your expertise in Oracle technologies and solutions.
Whether your focus is on database administration, cloud infrastructure, Java development, or other Oracle products, these certifications demonstrate your skills and knowledge to employers, enhancing your career prospects and earning potential.
Oracle-certified professionals are highly sought after in the IT industry for their ability to design, implement, and manage complex Oracle environments.
What to expect for the examination?

Oracle certification exams assess your knowledge and skills in specific Oracle technologies and products.
Exams typically consist of multiple-choice questions, and some may include performance-based questions or simulations that test your ability to apply your knowledge in real-world scenarios.
Note: Certification requirements and policies may be updated by Oracle from time to time. We apologize for any discrepancies; do get in touch with us if you have any questions.
How long is Oracle certification valid for?

The validity period of Oracle certifications varies depending on the specific certification:
Cloud Application Certifications: Valid for 18 months from the date of passing the exam. To maintain your credential, you must take the Delta version of the exam before the 18 months expire.
Oracle Cloud Infrastructure (OCI) Certifications: OCI certification credentials are now valid for 2 years (previously 18 months), enabling users to learn and certify on multiple OCI technologies.
Oracle Database Certifications: If you hold a retiring Oracle Database credential that requires recertification, you must upgrade to a current version within twelve (12) months following retirement to keep your credential in active status.
Note: Certification requirements and policies may be updated by Oracle from time to time. We apologize for any discrepancies; do get in touch with us if you have any questions.
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Frequently Asked Questions (FAQs)

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Why take this course with Trainocate?

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