Upgrade consideration for Oracle R12 Fixed assets

1. Release 12

2. 
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

3.  Sub
Ledger Accounting Architecture and Inquiries
 Enhanced Mass Additions for Legacy conversions
 Automatic Preparation of Mass Additions
 Flexible Reporting using XML publisher
 Automatic depreciation rollback
 Enhanced functionality for Energy industry

4.  Sub
Ledger Accounting Architecture and Inquiries
 Enhanced Mass Additions for Legacy conversions
 Automatic Preparation of Mass Additions
 Flexible Reporting using XML publisher
 Automatic depreciation rollback
 Enhanced functionality for Energy industry

5. 
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

6.  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

7. PROCESS
View Journals in
SLA inquiry
Enter Transactions
in Oracle Assets
Drill down from Journal
To Asset
Run the Create
Accounting
Program
Automated process

8. 
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.

9. SETUP
Compile the
Application
Accounting
Definition
Complete the
accounting
Setup flow

10.  Sub
Ledger Accounting Architecture and Inquiries
 Enhanced Mass Additions for Legacy conversions
 Automatic Preparation of Mass Additions
 Flexible Reporting using XML publisher
 Automatic depreciation rollback
 Enhanced functionality for Energy industry

11.  Many
attributes have been added to the FA
MASSADDITIONS interface table, including:





Asset life
Depreciation method
Prorate convention
Bonus rule Ceiling name
Depreciation limit

12.  Oracle
Web Applications Desktop Integrator (Web ADI)
has been enhanced to support the following new
columns:







Depreciation Method
Life in Months
Basic Rate
Adjusted Rate
Prorate Convention
Bonus Rule
Depreciation Limit Type

13.  Customers
can populate the values directly
 Legacy conversion can be completely automated

Values can now be imported directly from your legacy
system, instead of being derived from asset category setups

14. 
Security---who is allowed to use Mass Additions using
Web ADI?

15.  Sub
Ledger Accounting Architecture and Inquiries
 Enhanced Mass Additions for Legacy conversions
 Automatic Preparation of Mass Additions
 Flexible Reporting using XML publisher
 Automatic depreciation rollback
 Enhanced functionality for Energy industry

16. 
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

17.  Avoid
manual intervention during the Mass Additions
prepare process
 Avoid customization and use public APIs to effect
custom business logic

18. PROCESS
Interface Mass Addition
Lines from AP or
Other system
Run the Prepare
Mass Additions
Concurrent Program

19. 
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

20. SETUP
Set up Quickcodes

21. 
Rules to Prepare Mass Additions:
Value
Description
Use Default
The Asset Category is derived based on the Asset Clearing
Account if there is a one to one match in the Asset
Category setup.
The Expense account is derived based on the Clearing
Account by replacing the natural account segment from the
Asset Category.
Use Custom
The Prepare Mass Additions program will use the custom
logic coded in the Public API
Use Custom
Energy
Energy industry specific custom rule.

22.  Sub
Ledger Accounting Architecture and Inquiries
 Enhanced Mass Additions for Legacy conversions
 Automatic Preparation of Mass Additions
 Flexible Reporting using XML publisher
 Automatic depreciation rollback
 Enhanced functionality for Energy industry

23.  Major
Asset Transaction reports have been modified to
support XML publisher
 You can modify or use new templates to view report
output

24. XML reporting is available for the following asset reports:
Asset Transfers Report
 Transaction History Report
 Asset Reclassification
Report
 Mass Additions Create
Report
 Cost Adjustment Report
 Cost Summary Report
 CIP Summary Report
 Reserve Summary

Journal Entry Reserve
Ledger
 Asset Additions Report
 CIP Capitalization Report
 Mass Additions Posting
 Asset Retirements


25. 
You can customize report output by modifying seeded
templates or by using new templates

26. 
Set up Procedure:
1. Query up the concurrent program as system
administrator
2. Change the output format to XML
3. Once the output is flagged as XML, submit concurrent
request

28.  Sub
Ledger Accounting Architecture and Inquiries
 Enhanced Mass Additions for Legacy conversions
 Automatic Preparation of Mass Additions
 Flexible Reporting using XML publisher
 Automatic depreciation rollback
 Enhanced functionality for Energy industry

29. 
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

30.  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

31.  Sub
Ledger Accounting Architecture and Inquiries
 Enhanced Mass Additions for Legacy conversions
 Automatic Preparation of Mass Additions
 Flexible Reporting using XML publisher
 Automatic depreciation rollback
 Enhanced functionality for Energy industry

32.  Energy


Allow Production method for Group Assets
Allow Production upload to Group Assets
 Energy

Units of Production Method for Group Assets
Straight line Method
Depreciation calculation formula is:
Net Book Value/Remaining Life

33. 
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