R12.2 Oracle Asset Management Fundamentals Training

Live Online & Classroom Enterprise Certification Training

This R12.2 Oracle Asset Management Fundamentals training is ideal for customers who have implemented Oracle E-Business Suite Release 12, 12.1, or 12.2. Explore the fundamental concepts and implementation considerations of Oracle Asset Management.

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What is Asset Management Fundamentals Certification Training about?

This R12.2 Oracle Asset Management Fundamentals training is designed for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1. Expert Oracle University instructors will help you explore fundamental concepts and implementation considerations of Oracle Asset Management.

By taking this course, you'll walk away with the ability to leverage Oracle Assets to help your enterprise lower administrative costs by streamlining data management. You'll be able to explain the asset management process from Asset Data Flow to the General Ledger, plan an asset management implementation and implement Oracle Assets, as described above.

You'll develop deeper expertise through a series of hands-on tutorials, demonstrations and practices. Interactive, guided demonstrations will supplement your learning.

What are the objectives of Asset Management Fundamentals Certification Training ?

Describe adjustment transactions and how to use the physical inventory feature
Describe the Oracle Assets depreciation process
Explain asset retirements and the proper recording of accounting transactions, including running the Calculate Gains and Losses program and reinstatements of retired assets
Describe the asset financial information and transaction history inquiry process
Describe the key asset management reports and explain the use of the different reporting tools, including Web ADI and XML Publisher
Describe the tax accounting process, including creating a tax book, adding assets to the tax book using Initial Mass Copy and Periodic Mass Copy, and adding assets manually
Identify the key implementation issues regarding Oracle Asset Management fundamental topics
Describe the overall Asset Management process from setup through asset data flow to the General Ledger
Describe the Oracle Assets setup steps
Describe the three types of asset books – corporate, tax and budget; the setup options; and the use and process flow of the Security by Book feature
Explain the Oracle Assets accounting process
Identify the key functional areas that are part of Oracle Asset Management
Explain how to define asset categories
Discuss the requirements for adding assets manually, including the required fields, descriptive details, depreciation rules, and assignments
Explain the mass additions process
Explain how to add CIP assets manually, via mass additions and through Capital Projects

Who is Asset Management Fundamentals Certification Training for?

Functional Implementer
End Users

What are the prerequisites for Asset Management Fundamentals Certification Training?

Required Prerequisite

R12.2 Oracle E-Business Suite Fundamentals

Available Training Modes

Live Online Training

32 Hours

Classroom Training

4 Days

Course Outline Expand All

Expand All

Overview of Oracle Asset Management

Oracle Assets Setup Steps

Mass Asset Additions

Adding Assets Manually

Implementation Considerations for Oracle Financials

Implementing Oracle Assets

Acquire and Build CIP Assets

E-Business Suite Integration

Reconciling Data in Oracle Assets

Asset Controls Setup

Location Key Flexfield

Setting Up Asset Calendars

Oracle Assets Setup Steps

Setting Up Key Flexfields

Setup Steps Flow

Maintaining an Audit Trail

Creating Key Flexfield Combinations

Specifying System Controls

Asset Books

Calendar Region

Asset Books Regions

Security by Book Setup Steps

Troubleshooting Security by Book

Implementation Considerations for Security by Book

Organizations and Security by Book

Accounting Rules Region

Asset Categories

Asset Categories Setup

Asset Categories Regions

Asset Categories Positioning

Manual Asset Additions

Asset Cost Terminology

Set Up Group Assets

Asset Life Cycle

Group Depreciation

Accumulated Depreciation Considerations

Manual Asset Additions Journal Entries

Detailed Asset Additions

Adding Assets Manually

Mass Asset Additions

Creating Assets Using Web ADI

Changing Asset Information

Purge Mass Additions

Accounting for Cost Adjustments

Using the Mass Additions Interface Table

Tracking Expensed Items in Oracle Assets

Mass Asset Additions Process

CIP Asset Additions

Modifying the Cost of CIP Assets

Recording a CIP Asset Addition

Reversing a Capitalized Asset

Acquire and Build CIP Assets

Capitalizing a CIP Asset

CIP Assets and Oracle Projects

Adding and Capitalizing a CIP Asset

Automatically Adding CIP Assets to Tax Books

Asset Adjustments and Maintenance

Mass Reclassification

Choosing to Expense or Amortize Depreciation Adjustments

Asset Revaluation

Single Asset Reclassification

Physical Inventory Reconciliation

Inheriting Depreciation Rules

Amortizing Adjustments Using a Retroactive Start Date

Performing Physical Inventory

Depreciation

Entering Production Information

Elements of Depreciation

Prorate Conventions

Basic Depreciation Calculation

Depreciation Methods

Run Depreciation Process

Depreciation Setup Areas

Depreciation Forecasts

Asset Retirements

Tracking Asset Retirements

Retirement Reports

Reinstating Retired Assets

Calculating Gains and Losses

Overview of Retiring an Asset

Restrictions on Retirements and Reinstatements

Recording Retirements

Asset Accounting

Oracle Subledger Accounting

Reconciling Data in Oracle Assets

Reconciling Mass Additions

Generating Reports to Reconcile to the General Ledger

Assets Journal Entries Flow

Setting Up Asset Accounting

Reconciling Asset Cost Accounts

Asset Inquiry and Reporting

iAssets Search for Assets

iAssets Setup Steps

Oracle Assets Reporting

iAssets Setup Steps-Rules

iAssets Setup Steps-Profile Options

Viewing Asset Information Online

Asset Inquiry Options

Types of Asset Inquiries

Tax Accounting

Adjusting Accumulated Depreciation

Creating a Tax Book

Prerequisites for Setting Up Tax Book Asset Categories

Updating a Tax Book Manually

Tax Book Upload Interface

General Tax Reports

Deferred Depreciation

Entering Information in Tax Books

Who is the instructor for this training?

The Trainer is Oracle certified Instructor with extensive domain experience, including years of experience training & mentoring professionals in the industry.

Asset Management Fundamentals Certification Training - Certification & Exam

SpringPeople is the Authorized Training Partner of Oracle.
The training fees is exclusive of exam cost.
For any queries; feel free to reach us at oracle@springpeople.com

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