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.
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
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
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
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
27.
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
Notes de l'éditeur
Subledger Accounting Architecture Benefits
The flexibility of the accounting rule setup allows meeting different requirements in different legislative, geographic or industry contexts within a single instance. Assuming operations in multiple countries, each with its own legal requirements and accounting standards, you are able to define a setup to meet each of the requirements. SLA allows for multiple accounting requirements for a single transaction or business event.
The accounting data that is generated is viewable and provides full auditability.
Subledger Accounting Process
The process is executed as follows:
Enter transactions in Oracle Assets
Run the Create Accounting Program to process accounting.
Inquire and drilldown from SLA Pages
Subledger Accounting Architecture Setup and Process
Responsibility: Assets
Navigation: Create Accounting
The key setup steps are:
Compile the Application Accounting Definition in SLA (Optionally modify the Application Accounting Definition)
Complete the Accounting Setup flow in General Ledger
Enhanced Mass Additions for Legacy Conversions Description
Attributes have been added to the FA MASSADDITIONS interface table to enhance the mass additions functionality.
Enhanced Mass Additions for Legacy Conversions Benefits
You can use the mass additions process to convert data from a previous asset system. Instead of loading the asset information into multiple Oracle Assets tables, load it into the FA_MASS_ADDITIONS table. The Post Mass Additions process can then be used to move the asset information from the table to Oracle Assets. After placing your data in this table, you run the Post Mass Additions program to perform the data import.
Automatic Preparation of Mass Additions Benefits
The major benefits of this feature are that you can:
Avoid manual intervention during the Mass Additions prepare process
Avoid customization and use public APIs to effect custom business logic
Automatic Preparation of Mass Additions Setup
Responsibility: Assets
Navigation: Setup:Asset System > QuickCodes
Setup Quickcodes in Oracle Assets.
Automatic Preparation of Mass Additions Setup Quickcodes
Set up the Rules to Prepare Mass Additions in Quickcodes:
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.
Flexible Reporting Using XML Publisher Example XML Output
This is the new output using the XML publisher.
Automatic Depreciation Rollback Description
Since release 11i, users have been able to run depreciation for an asset book without closing the period. If additional adjustments are required in the current period, then the user submits a process to roll back depreciation for the entire book, performs the necessary adjustment(s) and then resubmits the depreciation program.
In Release 12, the intermediate manual step of rolling back depreciation for the entire book in order to process further adjustments on selected assets is no longer necessary. As before, you can submit depreciation for the entire book prior to closing the period. If it becomes necessary to process financial adjustments on one or more assets, you may proceed with the transaction normally via the asset workbench or mass transactions. Oracle Assets automatically rolls back the depreciation on just the selected assets (instead of the whole book) and allows the transactions to be processed normally. The assets for which depreciation was rolled back is automatically picked up during the next depreciation run or at the time that the depreciation period is finally closed.
Automatic Depreciation Rollback Benefits
It is no longer required to run depreciation rollback program manually.
Depreciation rollback is executed only on select assets as required and not on the entire Asset Book, thereby enhancing performance of the program.
Enhanced Functionality for Energy Industry Description
There is now support for ‘Units of production’ method for group asset.
Another depreciation method for energy industry is Energy Straight line Method.
The Depreciation calculation formula is:Net Book Value/Remaining Life