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  • Financials R12 - Fixed Assets

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    Feroz Mohammed
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    This document provides an overview of Oracle Assets Management and outlines the key setup and configuration steps needed to implement it. These include defining fiscal calendars and books, setting up asset categories and flexfields, and configuring system controls. It also describes the asset workbench for performing tasks like additions, assignments, inquiries, and retirements. Finally, it covers mass transaction processing, physical inventory, updating tax books, and the monthly depreciation and close process.

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    FA_R12

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    This document provides an overview of Oracle Assets Management and outlines the key setup and configuration steps needed to implement it. These include defining fiscal calendars and books, setting up asset categories and flexfields, and configuring system controls. It also describes the asset workbench for performing tasks like additions, assignments, inquiries, and retirements. Finally, it covers mass transaction processing, physical inventory, updating tax books, and the monthly depreciation and close process.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    15 views3 pages

    Financials R12 - Fixed Assets

    Uploaded by

    Feroz Mohammed
    This document provides an overview of Oracle Assets Management and outlines the key setup and configuration steps needed to implement it. These include defining fiscal calendars and books, setting up asset categories and flexfields, and configuring system controls. It also describes the asset workbench for performing tasks like additions, assignments, inquiries, and retirements. Finally, it covers mass transaction processing, physical inventory, updating tax books, and the monthly depreciation and close process.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 3

    Financials R12 – Fixed Assets

    CONTENTS
    Oracle Assets
    I. Overview of Oracle Assets Management
    II. Creating Assets Responsibility
    III. Oracle Fixed Assets Setups
    1. Define Calendar
    a. Fiscal Calendar
    b. Calendar
    c. Prorate Conventions
    2. Define Book Control
    a. Corporate Book
    b. Tax Book
    3. System control
    a. Category Flexfield
    b. Assigning Category Values
    c. Asset Key Flexfield
    d. Location Flexfield
    4. Creating Asset categories

    IV. Asset Work bench


    1. Asset Additions
    2. Asset Quick Additions
    3. Asset Assignments
    4. Asset Source Lines
    5. Asset Financial Inquiry
    6. Asset Books
    7. Asset Open
    8. Asset Retirements
    9. Asset Reinstate
    V. Mass Transactions
    a. Mass Additions
    b. Mass Transfer
    c. Mass Changes
    d. Mass Revaluations
    e. Mass Reclassifications
    f. Mass Retirements
    g. Mass Reinstate
    VI. Physical Inventory
    VII. Updating a Tax Book with Assets and Transactions
    XI. Month End Process
    1. Depreciation Preview
    2. Roll Back Depreciation
    3. Run Depreciation Period Close
    4. Create Accounting and Transfer to General Ledger

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