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Oracle Assets (FA)

Description:

In this course, you will learn how to set up and use Oracle Assets for fixed asset management. Hands-on exercises will guide you in learning how to add, transfer, and retire assets and how to make mass additions and transfers. Other exercises will give you practice adjusting and revaluing assets and calculating depreciation on them. You will also learn how Oracle Assets integrates with Oracle Payables and Oracle Projects.

Prerequisites:

An understanding of basic accounting concepts
Knowledge of the asset management function

Course Objectives:

Prepare capital budgets and project depreciation
Maintain tax books
Maintain accurate asset inventory by adjusting, transferring, revaluing,
Submit reports for audit trails and reconciliation
Add assets using manual and mass additions, and invoice
Set up Oracle Assets

Course Topics:

Settting Up
System Controls
Asset Accounting Information
Depreciation
Additional options including distribution sets, leases, payment schedules

Data Handling
Using Purge Security
Archiving Data
Purging Data
Restoring Data

Entering Assets
Adding Assets Manually
Adjusting Assets
Performing Mass Change

Transferring Assets
Transferring a Single Asset
Transferring a Group of Assets
Listing Asset Transfer Reports

Adjusting assets using unplanned depreciation and revaluation
Using Unplanned Depreciation
Revaluing Assets

Depreciating Assets
Using Depreciation Methods
Running Depreciation
Reviewing Journal Entries
Posting Journal Entries

Reporting Reconciliation
Reporting Transactions before Depreciation
Listing Asset Depreciation Reports

Retiring Assets
Fully Retiring an Asset
Partially Retiring an Asset
Processing Pending Retirements and Reinstatements
Mass Retirements

Mass Retirements
Adding Assets from Invoice Lines
Adding Construction-in-Process Assets

CIP assets
Using Mass Additions to create a CIP Asset
Adding Invoice Lines to a CIP Asset
Capitalizing CIP Assets
Using Oracle Projects to Build CIP Assets

Viewing asset information
Viewing Financial Information
Viewing Transaction History

Budgeting
Preparing Capital Budgets
Entering Budget Information
Creating Budget Assets
Comparing Actual and Planned Spending
Projecting Depreciation for Budget Assets

Projections
Defining Projections
Discussing What-If Depreciation Analysis

Tax Books
Maintaining Tax Books
Entering Information in a Tax Book
Adjusting a Tax Book Depreciation Reserve

Performing Physical Inventory
Inspecting Assets Periodically
Performing Reconciliations between Data
Entering Physical Inventory Information
Transferring Assets Recorded in the Wrong Location
Retiring Missing Assets
Reinstating Assets Incorrectly Retired
Setting Up Bar Coding