Release 12

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

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

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

 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

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

PROCESS

View Journals in SLA inquiry Enter Transactions in Oracle Assets

Drill down from Journal To Asset

Run the Create Accounting Program

Automated process

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.

SETUP

Compile the Application Accounting Definition

Complete the accounting Setup flow

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

Many attributes have been added to the FA MASSADDITIONS interface table, including:

Asset life Depreciation method Prorate convention Bonus rule Ceiling name Depreciation limit

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

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

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

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

 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

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

PROCESS

Interface Mass Addition Lines from AP or Other system

Run the Prepare Mass Additions Concurrent Program

 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

SETUP

Set up Quickcodes

Rules to Prepare Mass Additions:

Value Description
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. The Prepare Mass Additions program will use the custom logic coded in the Public API

Use Default

Use Custom Use Custom Energy

Energy industry specific custom rule.

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

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

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

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

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

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

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

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

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

Energy Units of Production Method for Group Assets

Allow Production method for Group Assets Allow Production upload to Group Assets
Depreciation calculation formula is: Net Book Value/Remaining Life

Energy Straight line Method

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