Professional Documents
Culture Documents
Version 3.0
August 2015
Copy No.:
Version 3.0
Confidentiality
2007 Tata Consultancy Services Limited
This document contains information that is proprietary and confidential to Tata Consultancy
Services, which shall not be disclosed outside Food Corporation of India, transmitted, or duplicated,
used in whole or in part for any purpose other than its intended purpose. Any use or disclosure in
whole or in part of this information without express written permission of Tata Consultancy Services
is prohibited. Any other company and product names mentioned are used for identification purposes
only, and may be trademarks of their respective owners.
Version 3.0
Document Control
Revision Details
Date
Author
Version
Change Reference
21-Feb2014
06-Mar2013
12-May2014
27-Jun2014
8-Aug2014
28-Aug2014
22-Sep2014
18-Dec2014
02-Jan2015
15-Jan2015
16-Feb2015
23-Mar2015
04-Apr2015
18-Apr2015
Nupur Pal
1.1
Nupur Pal
1.2
Nivedita
Dey
Nivedita
Dey
Nivedita
Dey
Nupur Pal
1.3
1.4
CR 393
1.5
Reclassification process
1.6
Nupur Pal
1.7
Nupur Pal
1.8
Nand
1.9
Nupur Pal
2.0
Amit
Dhyani
Nupur Pal
2.1
2.2
Nupur Pal
2.3
Nupur Pal
2.4
21-Apr2015
Nupur Pal
2.5
24-Apr2015
07-May2015
03-Jul2015
Amit
Dhyani
Nand
2.6
2.7
Nupur Pal
2.8
Version 3.0
Date
Author
Version
Change Reference
22-Jul2015
06-AUG2015
Nupur Pal
2.9
Sankalp
Sanghi
3.0
Distribution
Copy
No.
Name
Location
1
2
Mr. R R Agarwal
FCI
Role
Position
Date
Signature
Date
Sign-off
S
no.
Role
Mr. R R Agarwal
Process Owner
Notice No. :
Client
Project
Version 3.0
Document Details:
Name
FCI User Guide - FA
Version No.
Description
1.0
User Guide for Fixed Assets.
Revision Details:
Action taken
(Add / delete /
change)
Preceding
Page No.
New
Page No.
Revision
Description
Date:
Authorized by:
Date:
Version 2.8
Client
Project
Revision
Date
Revision
Description
Page
No.
Prev
page
no
Action
Taken
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Addend
a/New
page
Release
Notice
reference
Page:
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Table of Contents
1.
1.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
17.
18.
I.
II.
Overview................................................................................................................1
Asset Addition........................................................................................................1
1. Asset Addition (Quick)..................................................................................1
2. Asset Addition (Detail)..................................................................................5
3. CIP Addition.................................................................................................12
a. Capitalize a CIP asset and vice versa...........................................................12
Asset Addition by Excel Upload :........................................................................12
Mass Additions.....................................................................................................13
a. Review Mass Addition.................................................................................17
b. Add To Asset................................................................................................21
c. Merge Mass Addition Lines.........................................................................23
d. Split Mass Addition......................................................................................24
e. Post Mass Additions.....................................................................................25
Establishment Charges /Cost Adjustment............................................................25
Mass Transactions................................................................................................29
a. Transfer........................................................................................................29
b. Mass Transfer...............................................................................................30
Reclassification....................................................................................................33
Retirement............................................................................................................34
Reinstating the retired Asset.............................................................................39
Mass Change....................................................................................................41
Depreciation.....................................................................................................43
a. Run Depreciation..........................................................................................43
b. Roll Back Depreciation................................................................................45
Journal Entries..................................................................................................46
a. Create Standard Journal Entries...................................................................46
b. Roll Back Journal Entries.............................................................................48
Post to GL........................................................................................................48
Inquiry..............................................................................................................49
Reports.............................................................................................................53
a. Asset Category Listing.................................................................................53
b. Assets By Category Report..........................................................................55
c. CIP Asset Report..........................................................................................56
d. CIP Capitalization Report............................................................................58
e. Transactions History Report.........................................................................59
f. Journal Entry Reserve Ledger Report..........................................................61
g. Mass Additions Invoice Merge and Split Reports........................................62
h. Account Reconciliation Reserve Ledger Report..........................................64
i. CIP Detail Report.........................................................................................66
j. NonDepreciating Property Report..............................................................68
k. Account drill down report............................................................................69
l. India - Depreciation detail report.................................................................71
Custom Reports................................................................................................72
FCI Assets Retirement Report..............................................................................72
FCI Assets Register Report..................................................................................74
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III.
FCI Asset Additions Report.............................................................................77
IV.
FCI Asset Book Report....................................................................................80
V. FCI Assets Schedule as per Company Act report.................................................81
VI.
FCI Asset Adjustment Report...........................................................................83
VII. FCI Asset Transfer Reconciliation Report.......................................................84
VIII. FCI Pre-Depreciation Run Program.................................................................85
IX.
FCI Unplanned Depreciation Report85
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1. Overview
The purpose of this training document is to give the intended users step by step operating
instructions in doing the Fixed Asset Management related activities in Oracle
Applications 11i ERP system.
The Fixed Asset module of the Oracle Applications 11i (Release 11.5.10) is configured to
meet the requirements of Food Corporation of India. The Oracle Assets module has been
configured as per the requirements of the Companies Act.
The system is configured as per the FA Set Up document. All the required data to
configure the system are collected from the business process owners of FCI. To perform
fixed asset Management related activities in the configured system, it is essential for the
business users to know the operating steps. In this context, the training document is
prepared and distributed to the intended users.
To use Fixed Assets, the user needs to login to the system and choose the responsibility
accordingly. Responsibility will depend on his location.
1. Asset Addition
1. Asset Addition (Quick)
Function Path: Choose Assets > Asset Workbench >Quick Additions from the Navigator
window.
Quick Additions process does not handle:
Assets that have a salvage value
Assets with more than one source line
Assets to which the category default depreciation do not apply
Subcomponent assets
Leased Assets and leasehold improvements
Assets assigned to warranties
Steps:
1. Choose Assets > Asset Workbench from the Navigator window.
2. Choose Quick Additions from the Find Assets window.
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Note:
a.
b.
If asset type is taken as New, no other unit apart from the unit from
which the user is logged in could be taken from the DFF.
If the asset type is taken as Transferred , then user can select any other
unit apart from his unit.
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c.
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If asset type is taken as OB, no other unit apart from the unit from
which the user is logged in could be taken from the DFF
User cannot manually enter asset number. It will be system generated.
If block of Assets is CIP or ANPU then only Asset category field will
be enabled.
Block of asset will be dependent on asset category and will be category
specific.
The user cannot select the category code combination which is in the
process of being closed and will get the error This code combination is
obsolete.
Also, the user cannot select a category code combination which is
already closed.
d.
e.
f.
g.
h.
i.
1. For LAND - LEASE HOLD LAND Assets Depreciation method will be WDV 0% and for every addition in this type of assets user has to
manually change the depreciation method through mass change
screen.
2. In FCI, the life of an asset is generally about 3 years or is too high (about 50-60
years). For assets whose life is high, is not affected by the depreciation calculated
as per the current system. (Depreciation calculated on original cost-accumulated
depreciation) but for assets whose life is less, is affected.Hence, new STL
depreciation methods has been created in the system for 1 month to 36 months.
3. New prorate convention of 1 month (FCI MONTH) has been created so that for
Assets having per unit value of less or equal to 5000, is completely depreciated in
the same FY (if date placed in service of the asset is more than 1st March.). As per
CR 468 , this check has been withdrawn from the system w.e.f 01-APR-2014 as
Companys Act 2013.
4. System check has been modified such that no depreciation is charged for land
(Block of Assets: LAND - FREE HOLD LAND and LAND - LEASE HOLD
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LAND) even when cost of land is less then or equal to Rs 5000. As per CR
468 , this check is also not eligible as per Companys Act 2013.
5. As per CR 443 ,check has been applied in the system, such that only valid code
combination segment of depreciation expense account for major and minor
category of assets should be taken up by the system.
For instance, if major category is 2161, and minor category is 456 , then in
assignments window, the expense account can be 2361, and scheme can be 3456
only.
6. As per CR 420 ,the form of Quick Additions form has been revoked from normal
asset user responsibility.
7. As per CR 468 , user will not be able to run depreciation ,if there exists any asset
in category 2112 , with depreciation method as WDV in his asset book.
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5.
6.
7.
8.
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Note:
a.
b.
c.
d.
e.
If asset type is taken as New, no other unit apart from the unit from
which the user is logged in could be taken from the DFF.
If the asset type is taken as Transferred , then user can select any other
unit apart from his unit. As soon as he selects the Transfer Unit, the
filed of Asset Number will become editable, and mandatory , and he
will have to choose the asset which he is trying to add.
Also, as per CR 420, if the asset type is selcted as Transferred , user
will have to select the asset number from the LOV. This LOV will be
based on the combination of category which ser has taken and Transfer
Unit which he has selected in th LOV.For instance : If he has selected
category as 2161.456.HA11 and , taken transfer unit as WA11 , all
the assets of WA11 and category 2161.456.WA11 will be shown to
him in the LOV.User will then have to select an asset , which he is
trying to add.
This LOV of Asset Number will be containg all the transferred asset
(from unit B which are not yet transferred to Unit A) and all non retired
asset of Unit B .
The number of units that can be added when user (of Unit B) selects to
add a transferred asset , will be equal to units that are transferred from
Unit A. For instance , if Unit A has transferred only 5 units of Asset X
in which total number of units is 15 , then user at Unit A , will have to
add maximum 5 units first . Once he has added these 5 units, rest of the
10 units will also be available for addition.
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f.
g.
h.
i.
j.
k.
l.
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For assets that are not yet transferred from Unit A , at unit B total
number of units in that asset will be available for addition. For instance
if Asset X with 15 is not yet transferred from Unit A ,then unit B can
add any number of units less than 15 , for X Asset.
The DPIS of transferred asset , will be either DPIS of asset that is been
selected in LOV, or 1st April of current financial year (of Asset
Module) , whichever later.
Unit A will not be able to execute depreciation , if it has not added all
the units transferred to itself. An error message will be prompted, if
there are any pending additions , user will have to execute the FCI PreDepreciation Run Program , which will show all the pending additions
of type Transferred.
If asset type is taken as OB, no other unit apart from the unit from
which the user is logged in could be taken from the DFF
User cannot manually enter asset number. It will be system generated.
If block of Assets is CIP or ANPU then only Asset category field will
be enabled.
Block of asset will be dependent on asset category and will be category
specific.
10. Optionally choose Source Lines to enter purchasing information such as the
Supplier Name for the asset.
11. Choose Continue to continue adding your asset. A check is applied in the system ,
so that amortization date can be 1 st of current financial year or DPIS , whichever
later only.
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22. Amortize date can be 1st of current financial year , or DPIS of asset , whichever
later.
23. Choose Continue to continue adding your asset.
24. Optionally enter the Employee Name or Number of the person responsible for the
asset.
25. Enter the default Expense Account to which you want to charge depreciation. As
per CR 443 ,check has been applied in the system, such that only valid code
combination segment of depreciation expense account for major and minor
category of assets should be taken up by the system.
For instance, if major category is 2161, and minor category is 456 , then in
assignments window, the expense account can be 2361, and scheme can be 3456
only.
26. Oracle Assets defaults the natural account segment from the category and the
book.
27. Enter the physical Location of the asset.
28. Choose done to save your work.
29. System will show you Asset Number and reference number for the transaction
saved.
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30. Run India Income Tax Fixed Asset Schedule Report to see the depreciation
values according to Indian Income Tax Act. It has to be done at HQ level.
Note:
8. For LAND - LEASE HOLD LAND Assets Depreciation method will be WDV 0% and for every addition in this type of assets user has to
manually change the depreciation method through mass changer
screen.
9. In FCI, the life of an asset is generally about 3 years or is too high (about 50-60
years). For assets whose life is high, is not affected by the depreciation calculated
as per the current system. (Depreciation calculated on original cost-accumulated
depreciation) but for assets whose life is less, is affected.Hence, new STL
depreciation methods has been created in the system for 1 month to 36 months.
10. New prorate convention of 1 month (FCI MONTH) has been created so that for
Assets having per unit value of less or equal to 5000, is completely depreciated in
the same FY (if date placed in service of the asset is more than 1st March.)
11. System check has been modified such that no depreciation is charged for land
(Block of Assets: LAND - FREE HOLD LAND and LAND - LEASE HOLD
LAND) even when cost of land is less then or equal to Rs 5000.
12. As per CR 456 , user cannot take asset type as capitalized for asset category
2193.481.Unit. Also, any other asset category cannot be taken with type CIP while
adding an asset.
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Note : As per CR 420 , asset additions could be done only in the period of February
and March.
3. CIP Addition
Function Path: Choose Assets > Asset Workbench from the Navigator window.
Steps:
1. The type of asset is CIP instead of capitalized .Rest all steps are same as Asset
addition.
For CIP select major category as 2193-Asset Capital Work in Progress and minor
category as 501- Capital Work in Progress.
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p.
ACCOUNT IS MANDATORY
COST SHOULD NOT LESS THEN 0
BLOCK TYPE IS MANDATORY
DATE OF ACQUISITION IS MANDATORY
DATE PLACED IN SERVICE IS MANDATORY
DEPRECIATION COST SHOULD NOT BE NULL
DEPRECIATION COST SHOULD NOT BE GREATER THAN ASSET COST
DEPRECIATION COST OR ASSET COST SHOULD NOT BE INVALID
ASSET DESCRIPTION IS MANDATORY
LENGTH OF DESCRIPTION SHOULD NOT BE MORE THEN 80 CHAR
ASSET TYPE IS MANDATORY (CAPITALIZED OR EXPENSED)
LEASED OR OWNED SHOULD NOT BE NULL
QUANTITIY OF ASSET CAN NOT BE NULL
DATE PLACED IN SERVICE SHOULD NOT BE LESS THEN 01-APR-2013
DATE PLACED IN SERVICE SHOULD BE GREATER THEN DATE OF PURCHASE
ASSET SHOULD NOT ALREADY EXIST IN SYSTEM.
If the above mentioned points are taken care of , then the asset sheet will get
uploaded. To fetch them in the system, user will have to execute FCI ASSET
MASTER Request Set , for parameters of the excel which he has uploaded , and asset
book.
5. Mass Additions
a) FCI Mass Additions Create
Function Path: FA > Mass Additions > Prepare Mass Additions
Steps: In the Mass Addition Process (Create & Review)
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1. Create Enter invoices in Oracle Payables. Run FCI Mass Additions Create
Oracle Payables.
Execute the request for the Gl date of the invoice for which asset has to be created
in FA and Asset Book will be for the unit used in balancing segment of the
distribution line.
2. Review Review mass additions to become assets. Add mass addition lines to
existing assets. Split, merge, or adjust mass additions.
3. Post Post your mass additions to Oracle Assets.
4. Clean up Delete unnecessary and posted mass additions. Purge deleted mass
addition lines from Oracle Assets.
Note:
Assets can be created from Accounts Payable also. When any asset account
(which is mapped in FA) , are used in invoice distribution, then these assets
automatically get created in FA. For mapping, kindly refer Asset categories
sheet in Existing Vs New A/C Match excel.
Only Standard invoices (No Prepayment/Credit Memo or other category other
than STANDARD) , with amount greater than zero will be picked for getting
transferred to FA.
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Assets added with account head 2193 and scheme 481 in AP , will be added as
CIP assets in the system.
The distribution line in which the line type look up code is ITEM will be picked
for FA Transfer.
Discount is not used in FCI, hence, discount part in FCI MASS ADDITIONS
CREATE Program is not included.
Function Path: Payables > Invoices >> Enter Invoice from the navigation window.
Steps:
1. Enter Invoice (Refer Payable user guide for entering invoices). Use document
category of Others
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2. Find mass additions with the queue name NEW or ON HOLD in the Find Mass
Additions window.
Note: If you want to find mass additions by Invoice Number, or
Supplier
Number, your search criteria must match exactly, including capitalization.
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3. Choose the mass addition line you want to review, and choose Open.
4. Enter Category, depreciation expense account, location and other information.
Optionally enter employee name whom asset is assigned.
5. Enter the India Block of Assets information in DFF.
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a.
b.
c.
d.
e.
f.
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there are any pending additions , user will have to execute the FCI PreDepreciation Run Program , which will show all the pending additions
of type Transferred.
6. Click on Asset Details tab and enter other mandatory Information
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b. Add To Asset
Function Path: Choose Mass addition>Prepare Mass addition> Add to existing Asset
from the Navigator window.
Note: You can only perform cost adjustments for mass additions in the NEW, ON HOLD,
or userdefined hold queues.
Steps:
1. Find the mass addition(s) for this transaction in the Find Mass Additions window.
2. Choose the mass addition line you want to add to an existing asset as a cost
adjustment.
3. Choose Add to Asset.
4. Query and choose the asset to which to add the line. You can find assets by Asset
Detail, Assignment, Source, and Lease.
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4. Click Ok.
Note: Once you set the status to POST, Oracle Assets creates an asset ID, and user
can no longer split or merge the mass addition line.
Once the splitted assets has been Posted, user cannot Undo Split.
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NOTE:
1. If you incorrectly added an asset, you can delete it from the system.
You can only delete assets added in the current period.
2. A check is implemented in system against CR 519 such that asset will not be
deleted if journal entry for the asset is present in GL (posted or unposted).
For e.g. If asset A is added in MAR14-15 and depreciation is calculated and
Create Journal Entries is run to produce Journals then user will not be able to
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delete the asset. In case user needs to delete the asset, he/she should reverse the
JES, roll back the journals and then should try deleting the asset.
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User has to tick the Amortize Adjustment check box and then fill the Amortization
Date according to the date from which the change has to be effective.
As per CR 420 , for Transferred type of assets , adjustments can be made only when
the period in which asset was added gets closed. If the asset is added in Feb13-14 ,
then no change can be made through Books form , in the period of FEB13-14.
Navigate to GL Module
Function Path: Journal >> Enter >> New Journal
Create the Journal for category-unit Other
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5. Click on Save
6. Post the transaction
Note: Asset cost can be updated only in the year in which asset is created.
Entries created at time of Mass Addition is
Asset account (Clearing)
Dr.
Payables A/C
Cr
When Establishment is booked:2
Asset Account (Clearing)
Establishment Income
Dr.
Dr
15010000
1500000
7000
Cr
Cr
7000
1507000
1507000
7. Mass Transactions
a. Transfer
Function Path: Asset Workbench
1
Asset cost
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Steps:
To transfer an asset between employees, expense accounts, and locations:
1. Choose Asset to be transferred.
2. Click on Assignment.
3. Enter negative unit which is to be transferred.
b. Mass Transfer
Function Path: Choose Mass Transactions >Transfer from the Navigator window.
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Steps:
To transfer an asset between employees, expense accounts, and locations(depot):
1. Choose Mass Transfer from the Navigator window
2. Give the name of the asset book and category of Asset that you want to transfer.
3. Give the from and to expense account, location and employee.
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8. Reclassification
Function Path: Assets-Mass Change from the Navigator window
Use the mass change form to reclassify the asset.
Refer section 11 for mass change process.
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Note : As per CR 456 , the amortization date can be 1st of current financial year or DPIS
whichever later when same asset number is entered in From and To Asset number.
When user has not given any 'FROM' and 'TO' Asset Number : In this case , amortization
date is 1st of current financial year or not , this will be checked.
When user has given a range of asset numbers: (For example "FROM Asset Number"
108418 to "TO Asset Number" 108423) In this case also , one thing will be checked that
whether the amortization date is 1st of current financial year or not.
9. Retirement
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Function Path: Choose Assets > Asset Workbench >Retire from the Navigator window.
Note : As per CR 420 , Retirements can be made only in the month of March.
Steps:
To FULLY retire an asset:
1. Choose Assets > Asset Workbench from the Navigator window.
2. Find the asset you want to retire
3. Choose Retirements.
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4. Select the depreciation Book from which you want to retire the asset.
5. Enter the date of the retirement. It must be in the current fiscal year, and cannot be
before any other transaction on the asset.
6. As per CR 420 , retirement date can be 01-Apr of current financial year (of Asset
Module) , or DPIS whichever later.
7. To fully retire the asset, enter all the units or the entire cost.
8. Enter the asset Type and unit in the DFF.(. Otherwise Transfer if asset to be
transferred at other unit.)
a. If asset to be retire than select asset type Retired.
b. If asset to be transfer at any other unit than asset type should be
Transfered. In this case Gain/Loss amount should be zero. If system
calculate a non-zero gain /loss than error out depreciation reports. As
below screen shot.
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Check view log in this case Asset number 112081 with transfered type is
having gain /loss of Rs -621354.46 instead of zero amount.
Please correct the proceed of sale amount in retirement screen,
so that gain /loss becomes zero.
Adjust the sale amount according to Profit /loss and rerun the depreciation.
9. Save your work.
10. Note: Oracle Assets assigns each retirement transaction a unique Reference Number
that you can use to track the retirement.
11. On Depreciation Run , the status of the retirement transaction will be changed from
PENDING to PROCESSED
12. Create accounting entry of selling asset in Accounts receivable module crediting
Proceeds of sale account and debiting Cash/Bank account.
13. As per CR 456 , cost of removal will remain disabled for all type of retirements.
Note: 1.1 If the asset type is retired while retiring the asset, then user cannot take any unit
In Transferred Unit apart from his unit.
1.2 If the asset type is Transferred while retiring an asset, then user cannot take his unit
in the Transferred Unit segment.
User can view retirement transaction from financial inquiry screen also.
1. Navigate to Inquiry.
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10.
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1. Navigate to Asset Workbench and select the asset you want to reinstate. Click on
retirement tab.
2. Press F11
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5. Click on Reinstate
6. Click on OK
11.
Mass Change
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Steps:
1. Enter the Book to which the assets belong.
2. Select the assets you want to change. Specify the asset numbers, dates placed in
service, and category for which the Mass Change applies.
3. Choose whether to Change Fully Reserved Assets.
4. Specify the new financial information for these assets in the After column.
5. Choose whether to amortize the adjustment or expense it in the current period.
6. Choose Preview to run the Mass Change Preview report. Use this report to preview
what effects to expect from the Mass Change before you perform it. If necessary,
update the definition and run the preview report again.
7. The mass change status determines what action to perform next.
8. To review a completed mass change, query the definition and choose Review. Oracle
Assets runs the Mass Change Review report.
9. Review the log file and report after the request completes.
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10. As per CR 456 , in case user checks the amortize flag, the amortization date can be 1st
of current financial year or DPIS whichever later when same asset number is entered
in From and To Asset number.
11. When user has not given any 'FROM' and 'TO' Asset Number : In this case ,
amortization date is 1st of current financial year or not , this will be checked.
12. When user has given a range of asset numbers: (For example "FROM Asset Number"
108418 to "TO Asset Number" 108423) In this case also , one thing will be checked
that whether the amortization date is 1st of current financial year or not.
12.
Depreciation
a. Run Depreciation
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d. If there exists any asset having different minor category and scheme in
expense account combination . Fully retired assets of such category will not
come in this category.
e. Assets which are having Asset Type as CIP and category other than
2193.481.Unit.
f. Assets which are having asset type as Capitalized and category as
2193.481.Unit .
g. Fully Depreciated assets will not come in this report in any of the categories.
h. If there exists any pending additions of type Transferred for this unit. For
instance if Uit A has transferred 2 assets to unit B, then unit B cannot run
depreciation until and unless it has added these 2 assets.
i. If there exists any pending Retirement of type Transferred for this unit. For
instance , if unit B has added 2 assets , taking Unit A in transfer unit segment
of DFF while addition , then Unit A cannot run depreciation until and unless it
hass transferred these 2 assets to unit B.
Steps:
1. Open the Run Depreciation window.
2. Choose the Book for which you want to run depreciation.
3. Choose whether you want Oracle Assets to close the period after successfully
depreciating all assets.
4. Choose Run to submit concurrent requests to run the calculate gains and losses,
depreciation, and reporting programs.
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5. Review the log files and report after the request completes.
6. If the log file lists assets that did not depreciate successfully, correct the errors and
rerun depreciation
7. View Output of Journal Entry Reserve Ledger Report to view the depreciation
amount calculated.
Note : As per CR 444 , Run Depreciation menu was revoked from FCI Support
User and normal asset user responsibilities temporarily , but as the revised
depreciation rates for APR14-15 (as per Companies Act 2013) are updated in the
system , the form has been again gramted on Site level responsibility as per CR 481.
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Steps:
1. Select Rollback Depreciation from the navigator menu to open the Submit
Requests window and the parameters window.
2. On the Parameters window, specify the book for which you want to roll back
depreciation. The period automatically defaults to the current open period.
3. Choose Submit Request to roll back the depreciation.
13.
Journal Entries
a. Create Standard Journal Entries
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2. Enter the Book and the Period for which you want to create journal entries in the
Parameters window.
3. Choose Submit to submit a concurrent process to create journal entries for your
general ledger.
Search Journal Entries in General Ledger Module- Source-Assets and the Period for
which Create Journal Entries Request has been executed.
Note: Input parameter Summarize Journal Entries in Create Journal Entries request in
FA module is withdrawn from user with default value No assigned to it as per CR 396.
As per CR 496 , customization is applied in the Create Journal Entry form , which will check that if
any un-reversed JE already exists for that asset book for that period or not.
If any such JE exists , user will be given an error while executing Create JE , and he will have to reverse
all the Journals of that period, perform rollback JE , and then only he will able to Re-send the Journals.
For instance : If for HA11 ASSET BOOK, for the period of FEB14-15 , user has already sent the JEs,
then if he again executes depreciation with period close check box checked , and sends the JE again, he
will be prompted with an error message.
User will have to reverse all the JEs of FEB14-15 , with source as Assets ,perform rollback JE , and
then only he can re-send the JE.
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In cases when differential JEs are to be send , then also , user will have to reverse all the JEs of that
period ,perform rollback JE from source as Assets , and then only he can re-send the JE.
Note: If the Journal entry has been posted in GL then user has to manually Reverse the
Journal in GL and then run Rollback Journal Entry request
14.
Post to GL
Function Path: Choose Journals > Enter from the Navigator window.
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Steps:
1. Switch Responsibility to General Ledger.
2. Select Journals>Enter from the navigation Window.
3. Enter the source as Assets and / other relevant information to find your batch and
Find.
4. Review Journal and Post.
Note : User will be able to reverse the journals with source Assets, of his unit. If any
jounal contains line of his unit as well as other unit, he will not be able to modify it,
and all the tabs will be freezed for such journals. These type of journals cannot be
altered or reversed even by GL Inter-Co responsibility.Journals with source Payables,
Receivables and Treasury cannot be reversed or altered by any GL responsibility.
15.
Inquiry
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Steps:
To view transaction history for an asset:
1. Choose Inquiry > Transaction history from the Navigator window.
Choose Transactions to review transaction history of this asset in the Transaction History
window. To view individual transaction details for this asset, check a transaction and
choose Details to open the Transaction Detail window.
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17.
Reports
a. Asset Category Listing
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Depreciation Amount: This column matches the Debit or Credit column of the Account
Analysis with Payables Detail Report in Oracle General Ledger.
YearToDate Depreciation: The cost center fiscal yeartodate depreciation for the
accounting period you select.
Percent: The percentage of the asset cost and depreciation allocated to this general ledger
account and cost center.
Flag:
P: partial retirement
F: full retirement
N: asset is not depreciating
T: transfer, either to a new cost center, employee, or location
R: reclassification
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that you created by splitting multi-unit mass additions. Both reports are sorted by asset
number.
The Mass Additions Invoice Merge and Split reports do not include mass additions added
to existing assets. Any mass additions that you merged and then split only appear on the
Mass Additions Invoice Split Report. You must enter a Book and Period when you
request these reports.
Note: These reports show only split/merge invoice lines that were posted by Post Mass
Additions.
Selected Headings
Payable Account: Asset account to which you charged the asset in your accounts payable
system.
Assets Account: Asset account for the asset when you posted it to Oracle Assets.
Payables Cost: Asset cost you entered into Oracle Payables.
Fixed Assets Cost: Asset cost when you posted the asset to Oracle Assets.
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18.
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Custom Reports
I.
FCI Assets Retirement Report
This will be an excel report which will fetch the retirement details of any asset.
Input Fields
S.no
1
Parameter
Unit
Date From
Date To
Optional/Mandatory Description
Mandatory
D.Os can take own unit only.
R.Os, Z.Os and Hqr can see units
under their control or self
unit.Parent Units are also allowed all
units assets under parent will be
shown in report.
Mandatory
Consider Date of Retirement this
date onwards.
Mandatory
Consider Date of Retirement till this
date.
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4
5
6
7
8
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Asset
Retirement
Type
Asset Account
Optional
Optional
Minor
Category
Location
Optional
IT Block of
Assets
Optional
Optional
Output Fields:
ASSET BOOK: Asset book name starting unit code.
ASSET ACCOUNT: Major Category of asset category.
MINOR CATEGORY: Minor Category of asset category.
IT BLOCK OF ASSET: Income Tax blocks
ASSET RETIREMENT TYPE: Retired or transferred as in Descriptive flex field (DFF)
at retirement screen.
TRANSFERRED TO UNIT:
Cost retired from current cost of the asset. Entered by user retire
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Written Down Value retired of the asset. Or Net Book value retired.
SALES RELISATION:
retire the asset.
REMOVAL COST:
Cost to remove the asset from service and FCI premises.
GAIN/LOSS ON RETIREMENT: Net gain or loss to organization after selling the
retire asset.
Shows after running program calculate Gain/Loss.
= Sales relisation + Depreciation reserve retired - WDV retired
Removal Cost
TRANSACTION NUMBER: Transaction number to retire the asset.
Sub-totals
Subtotal of Sales relisation, Depreciation reserve retired, WDV retired, Removal Cost,
Gain/Loss on retirement at each change in asset account.
Grand Total
Grand Total of Sales relisation, Depreciation reserve retired, WDV retired, Removal
Cost, Gain/Loss on retirement at report end.
Order By
Asset account, Asset Book.
II.
Input Parameters
S.no
Parameter
1
Asset Book
2
3
Asset Number
From
Asset Number To
Optional/Mandatory Description
Mandatory
The asset book for which the report
has to be executed
Optional
Optional
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Active/Inactive
Optional
Major Category
Optional
Minor Category
Optional
Location
Optional
Assets Type
Optional
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New or used: New/Used based of the data in Bought field of the asset
In Use: Yes/No based on the In use check box
Parent Assets number: Number of parent asset if asset is attached to parent asset
Parent Assets description: Description of parent asset if asset is attached to parent asset
Asset type:
Asset
Number
Description
Location
Asset
Book
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Data will be fetched, even if cost has been adjusted for the asset.
Qty: If will be original quantity (units) of the asset (This column will be added for
Addition).
For cost adjustment the field will be null.
Cost: It will be the original cost of the asset
For cost adjustment, the cost that has been adjusted will be fetched.
Depreciation reserve: If at the time of asset addition Depreciation amount was reserved
then data will be fetched.
Sales: If asset has been Retired (Partially or Fully) then data will be fetched in this field
otherwise it will be N/A
Qty: If will be quantity (units) of the asset that has been retired(This column will be
added for Addition)
Cost: It will be the cost retired of the asset
Depreciation reserve: This field will fetch the difference between cost retired and NBV
retired.
Sales realization: It will fetch the data of proceeds of Sale field.
Profit or Loss on sale: It will fetch the data of gain/Loss amount field
Depreciation during the year: It will show the sum of depreciation for the year. The
date for the depreciation will be the last date of the period for which depreciation has
been executed for that Financial Year.
Closing Balance: Data will be calculated based on the calculation mentioned above.
Repair & Maintenance: Data will be fetched if data is provided in the Repair &
Maintenance functionality. The date, on which repair and maintenance functionality has
been executed, data will be fetched on that date.
Sample output is attached below:
sample_output.rtf
The report will fetch the details of asset added in a given period.
This report will fetch data of assets at the time of their addition. No data of adjustments will be
fetched in this report. This will be an excel report with the following input parameters:
S.No Parameter
Name
1
Unit
2
Date From
3
Date To
4
Asset
Optional/Mandatory Description
Mandatory
Mandatory
Mandatory
Optional /If blank
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5
6
Addition Type
Asset Account
Minor
Category
Location
Asset Type
IT Block of
Assets
ALL
Optional /If blank
ALL
Optional /If blank
ALL
Optional /If blank
ALL
Optional /If blank
ALL
Optional /If blank
ALL
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Output Fields :
1. Asset Book: The asset book for which report was executed (taken in input
parameter).
2. Asset Account: The asset cost account of assets added in that period.
3. Minor category: Minor category of all assets added in that period.
4. IT Block of Assets: The block of assets to which the assets added in this period
belong.
5. Asset addition Type: The type (OB / New / Transferred) of added asset will be
fetched in this column.
6. Asset Type : Capitalized / CIP
7. Transferred From Unit: If the Asset addition type above is Transferred then only
this column will get populated. The asset has got transferred from which unit will
be fetched in this column. For asset addition type new and OB, this will be null.
8. Date of Addition: The date on which asset was created in the system.
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9. Asset Number: Asset Number of the added assets will be fetched here.
10. Description: Description of added assets will be shown here.
11. Date Placed in Service: Date placed in service given at the time of asset addition.
12. Quantity: The number of units for that particular asset at the time of addition.
13. Original Cost: The original cost of the asset, when it was added.
14. Current Cost : The current cost of the asset , as on the date input parameters of
the report.
15. Depreciation Reserve: The depreciation reserve for that particular asset of the
period for which the report is executed.
16. WDV: The net book value salvage value.
17. Salvage Value: Salvage value of the assets added in the given period for which
the report is executed.
18. Supplier Number: Will be populated with supplier number of invoices, only
when the source of asset is Accounts Payable. For all other assets it will be null.
19. Supplier Name: Will be populated with supplier name of invoices, only when the
source of asset is Accounts Payable. For all other assets it will be null.
20. Voucher Number: Will be populated with voucher number of invoices, only
when the source of asset is Accounts Payable. For all other assets it will be null.
21. GL Date: Will be populated with GL Date of invoices, only when the source of
asset is Accounts Payable. For all other assets it will be null.
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22. Invoice Number: Will be populated with invoice number of invoices, only when
the source of asset is Accounts Payable. For all other assets it will be null.
23. Invoice Date: Will be populated with invoice date of invoices, only when the
source of asset is Accounts Payable. For all other assets it will be null.
24. WDV for DPIS < 180 Days : Current Cost of asset added in less than 180 days.
(Difference between DPIS and end date of financial year of DPIS is less than
180 Days ,then this column will be populated with WDV, otherwise it will null ).
25. WDV for DPIS > 180 Days: Current Cost of asset added in more than 180 days.
(Difference between DPIS and end date of financial year of DPIS is greater than
180 Days ,then this column will be populated with WDV, otherwise it will null ).
Sub-totals
Subtotal of Depreciation reserve, Original Cost, WDV for DPIS at each change
in asset account.
Calculations of WDV less than 180 days and greater than 180 days , will be done
on current cost displayed in the report.
Order By
Asset account, Asset book, DPIS date
.
IV.
S
No.
1
Parameter
Name
Asset Book
Optional/Mandatory Description
Mandatory
Period
Mandatory
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Asset Account
Minor
Category
Asset Type
Assets belonging to the financial year for which the report is executed will be
fetched in the report whereas when the report will be executed for next financial
these assets will not be fetched.
For instance, if an asset XXX is fully retired in Mar13-14 then it will be fetched in
the report only when the period parameter is given till Mar13-14. If the parameter
is given as Apr14-15 then it will not be fetched.
Output Fields:
Sub-totals:
Sub totals at each Asset Account change.
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Order By:
Asset account
V.
The report will be executed for 1 Financial Year (FY) only. It cannot be executed for cross
Financial Year (FY).
Input Parameters
S.no
Parameter
1
Unit
Period To
Asset Account
Minor
Category
Optional/Mandatory Description
Mandatory
The unit for which report has to be
executed. The report will fetch data
for the asset book of the unit which
user has given. Unit is based on
hierarchy. If report is executed for
H000,the report will fetch data for
all the asset book, If report is
executed for SE14,the report is
fetch data for SE14 Asset Book
Mandatory
Run for the period to which data is to
be fetched. It is mapped with the
period in which any transaction has
occurred on the asset. Like, it is
mapped with period entered for asset
addition.
Optional
Run for all if blank (Major Category
of the asset)
Optional
Run for all if blank.
Note:
The report is in excel format.
The report will fetch data for transaction that has occurred between the opening
date of the FY to which the Period To belongs. E.g. If Period To : FEB13-14
then the report will fetch data for the dates between 01-Apr-2013 to 28-Feb2014.
Output Fields:
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Account Head
Min
or
Cate
gory
OB
as on
01
Apri
l
Addit
ion
durin
g
year
Gross Block
Transfe Sales
r
during
In/Out/ the
Adjust
year
ments
Closing
balance
as on 31
March
OB as
on 01
April
Depreciation/Amortization
Additi Transfer Sales
on
In/Out/
during
during Adjustm the
year
ents
year
Closing
balance
as on 31
March
As on
01
April
Sub
Total
Account Head:
Minor Category:
Gross Block:
This block will show the data for the gross block
OB as on 01 April :
The total OB as on 1 Apr for the combination of
major and minor category. It will the closing of the
Previous FY. For OB type assets, data will
reflect in this column.
Addition During Year :
The total cost of assets added during the period
Transfer In/Out/Adjustment:
The total cost of asset transfer in , , transfer out
and adjusted during the period
Sales during the year:
The total cost of asset retired during the period
Closing balance as on 31 March: Addition+ Transfer In/adjustment Sales
Depreciation/Amortization:
This block will show the data for the
depreciation/amortization block
OB as on 01 April :
The total OB of depreciation as on 1 Apr for the
combination of major and minor category. Like, it will be
Accumulated depreciation for the OB type asset.
Addition During year :
The total depreciation associated with addition of
asset during the period
Transfer In/Out/Adjustment:
The total depreciation associated with transfer in,
transfer out and adjustment of asset during the period
Sales during the year:
The total depreciation associated with
sales/retirement of the asset during the period
Closing balance as on 31 March: Addition+ Transfer In/adjustment Sales
Net Block:
As on 01 April :
April for depreciation block
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Net Block
As on 31
March
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VI.
A new concurrent program FCI Asset Adjustment Report has been created , which will
be fetching details of all types of adjustments (Cost , Depreciation method change,
category change, unit adjustment ) done on any asset.
The report will be containing following parameters :
Parameter Name
Unit
Optional/Mandatory
Mandatory
Date From
Mandatory
Date To
Mandatory
Description
Unit for which report
has to be executed . Will
be hierarchy driven.
Staring Date (Date on
which adjustment has
been done).
Ending Date (Date on
which adjustment has
been done).
The unit changes occurring due to retirement , will not be fetched in the report.Also, the
final changes done in any month will be fetched in the report. For instance, if user has
changed the wdv method from 20% to 30% and then again to 50% in the month of
March-14 , then only one line showing old wdv method as 20% and new wdv method as
50% will be shown in the report. In between changes will not get reflected .
If two changes (say on category and on wdv method ) has been done on the same date,
then only they will be shown in single line in the report, or else they will be shown in two
diffferent lines with the respective dates.One line will show the category change and
other will show the wdv method change.
In case of DPIS change on asset , new DPIS will be fetched in the report output.
The output is attached in the below format :
FCI_asset_adj_repor
t.xlsx
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S No.
Parameter
Name
Unit
Optional/Mandatory Description
Mandatory
From
Date
Mandatory
To Date
Mandatory
Output Fields:
1.
2.
3.
4.
5.
6.
7.
8.
9.
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Sorting of data will be done through Transferred From, Transferred To and Major
Category.
Note: In case data is not available for any column in the system then that field will be
blank in the report.
Sample output is attached for reference:
fci_ioat_report.xlsx
VIII.
This is a text exception report. If data exists in any of the below categories, user will not
be able to run depreciation, , he will have to execute this report, clear out the exceptions,
then he will be able to execute depreciation for his book.
j. If there exists any mis-match in category and depreciation method in any of
assets of that asset book (other than STL 1- Month ). Fully retired assets will
not be catered in this scenario. CIP type of assets will be excluded from this
category.
k. Assets having WDV 100% and having above two issues and not fully
depreciated will not be excluded from the exception report.
l. If there exists any asset having different minor category and scheme in
expense account combination . Fully retired assets of such category will not
come in this category.
m. Assets which are having Asset Type as CIP and category other than
2193.481.Unit.
n. Assets which are having asset type as Capitalized and category as
2193.481.Unit .
o. Fully Depreciated assets will not come in this report in any of the categories.
p. If there exists any pending additions of type Transferred for this unit. For
instance if Uit A has transferred 2 assets to unit B, then unit B cannot run
depreciation until and unless it has added these 2 assets.
q. If there exists any pending Retirement of type Transferred for this unit. For
instance , if unit B has added 2 assets , taking Unit A in transfer unit segment
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of DFF while addition , then Unit A cannot run depreciation until and unless it
hass transferred these 2 assets to unit B.
r. If there exists any asset in major category 2112 (Lease Land) , with
depreciation method as WDV.
IX.
This report will fetch the details of all the unplanned depreciation for any asset.
The report will be containing following input parameters:
Parameter Name
From Date
Optional/Mandatory
Mandatory
To Date
Mandatory
Unit Code
Mandatory
Description
Starting Date (Any date within
the effective financial period).
Ending Date (Any date within
the effective financial period).
The unit for which the report
has to be executed. (Can be
executed on hierarchy).
For instance, if user makes an unplanned depreciation of Rs.50 for asset XYZ during
the Period APR14-15 and runs the report from 1-APR-2014 to 31-APR-2014 the
record will be fetched by the report. The same record will also be fetched when the
report is run from 1-APR-2014 to 31-MAY-2014.
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Description
The Asset Book for which report has been
executed.
Asset number.
Depreciation Expense account for the respective
asset number as per the category.
Description of the asset.
Amortization date given at the time of inserting
unplanned depreciation for asset.
Effective open period of the asset book, in which
the unplanned depreciation was entered in the
system.
Amount of the unplanned depreciation entered.
For instance, if for Asset XXXX, in the month of APR14-15, first time entered
unplanned depreciation is Rs.500, and then for the second time if again user enters
some unplanned depreciation amount of Rs.-400 on the same asset in APR14-15, then
if the report is executed for Apr14-15, then two lines showing separate details for the
same asset will be fetched in the report.
Sorting of data will be done first on Asset Book and then on Expense A/C
Segment.
Sample output is attached below:
FCI Unplanned
Depreciation Report.xls
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