Oracle Asset Management Fundamentals

·   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

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
Asset Inquiry and Reporting
· Viewing Asset Information Online
· Types of Asset Inquiries
· Asset Inquiry Options
· iAssets Search for Assets
· iAssets Setup Steps
· iAssets Setup Steps-Rules
· iAssets Setup Steps-Profile Options
· Oracle Assets Reporting
Tax Accounting
· Creating a Tax Book
· Prerequisites for Setting Up Tax Book Asset Categories
· Entering Information in Tax Books
· Updating a Tax Book Manually
· Tax Book Upload Interface
· Deferred Depreciation
· Adjusting Accumulated Depreciation
· General Tax Reports

Software end users, Project Managers, Business and IT Managers, Anyone involved in the functional implementation.