FA To GL Reconciliation

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Reporting Reconciling Assets to General Ledger (Oracle EBS Assets)
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High-Level Overview

Asset Reconciliation Theory Asset to General Ledger Reconciliation

Asset Reports General Ledger Reports
Reconciliation Process Asset to General Ledger Reconciliation Reports

Asset Cost CIP Cost Accumulated Depreciation Depreciation Expense
Asset Detail Extract
Copyright 2008 Chi-Star Technology SM

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Asset Reconciliation Theory

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Oracle Assets uses a top-down, pyramid approach to reconciling assets. This approach allows you to reconcile without having to generate transaction detail reports.

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Assets will be reconciled to the General Ledger at the Summary Level. If and only if there is a reconciliation issue the Detail Level would be used. If the Detail Level does not reconcile, then the Transaction Level would be used. Summary Reports (Reports by Cost Center and Account):
Cost Summary CIP Summary Reserve Summary
Detail Reports (Reports by Cost Center, Account, and Asset):

Cost Detail CIP Detail Reserve Detail

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Assets to General Ledger Reconciliation

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General Ledger Setups to Reduce Reconciliation Errors:
1. 2.
Freeze Asset Journals Security Do not allow access to Asset Accounts

Set Validation Set to allow security rules Set Segment to allow security rules Define security rules
Assign security rules Test security rules

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1.
Freeze Asset Journals

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2.
Security Do not allow access to Asset Accounts Set Validation Set to allow security rules

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2.
Security Do not allow access to Asset Accounts Set Segment to allow security rules

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2.
Security Do not allow access to Asset Accounts Define security rules

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2.
Security Do not allow access to Asset Accounts Assign security rules

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2.
Security Do not allow access to Asset Accounts Test security rules

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Asset Reports used in Reconciliation: Summary Reports (Reports by Cost Center and Account):
Cost Summary CIP Summary Reserve Summary
Detail Reports (Reports by Cost Center, Account, and Asset):

Cost Detail CIP Detail Reserve Detail
Transaction Reports:
Additions Cost Adjustment Retirements Reclassification Transfer
Reserve Adjustments Asset Reconciliation Reserve Ledger Journal Entry Reserve Ledger CIP Capitalization CIP Assets

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General Ledger Reports used in Reconciliation: Reports:
Trial Balance Trial Balance - Detail General Ledger (132 Char)

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Reconciliation Process

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Reconciliation Process Includes the following steps: 1. Generate Summary Reports from Oracle Assets
2.
Cost Summary Report Reserve Summary Report CIP Summary Report Trial Balance Report (include all accounts) OR Trial Balance Detail Report (include all accounts) OR General Ledger (132 Char) Report (determine accounts to show on report)

Generate Reports from Oracle General Ledger
Account Range for Asset Cost Account Range for Asset Reserve Account Range for Asset Depreciation Expense Account Range for CIP Cost
3.
Match reports to reconcile

Manually Tick and Tie Download into Excel (use v-lookup or other formulas)
4.
If needed Run lower level reports from Oracle Assets to assist in any variances between Oracle Assets and Oracle General Ledger

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Reconciliation Asset Cost:

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Reconciliation Asset Clearing:

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Reconciliation Asset Reserve:

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Reconciliation Asset Depreciation Expense (Month):

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Reconciliation Asset Depreciation Expense (YTD):

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Reconciliation CIP Cost:

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Reconciliation CIP Clearing:

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Oracle Seeded Reports:

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Automated Reconciliation Process

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Eliminate the tying out of Oracle Assets to Oracle General Ledger add a top level to the Oracle Reporting top-down / pyramid theory:

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Generate Reports that capture Oracle Assets balances and compares them to the Oracle General Ledger balances and identifies variances: Oracle FA to GL Reconciliation Reports:
Asset Clearing Asset Cost Asset Reserve CIP Clearing CIP Cost Depreciation Expense (Monthly) Depreciation Expense (YTD)

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Oracle FA to Oracle GL Reconciliation Asset Clearing Report

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Oracle FA to Oracle GL Reconciliation Asset Cost Report

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Oracle FA to Oracle GL Reconciliation Asset Reserve Report

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Oracle FA to Oracle GL Reconciliation CIP Clearing Report

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Oracle FA to Oracle GL Reconciliation CIP Cost Report

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Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (Month) Report

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Oracle FA to Oracle GL Reconciliation Asset Depreciation Expense (YTD) Report

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Reconciliation Process Includes the following steps: 1. Generate Automated Reconciliation Reports from Oracle Assets
2.
Oracle FA to Oracle General Ledger Asset Cost Reconciliation Report Oracle FA to Oracle General Ledger Asset Clearing Reconciliation Report (If needed depends on setups) Oracle FA to Oracle General Ledger CIP Cost Reconciliation Report (If needed depends on setups) Oracle FA to Oracle General Ledger CIP Clearing Reconciliation Report (If needed depends on setups) Oracle FA to Oracle General Ledger Asset Reserve Reconciliation Report Oracle FA to Oracle General Ledger Asset Depreciation Expense (Month) Reconciliation Report Oracle FA to Oracle General Ledger Asset Depreciation Expense (YTD) Reconciliation Report
If needed Run lower level reports from Oracle Assets to assist in any variances between Oracle Assets and Oracle General Ledger

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Questions?
Download presentation at:
www.chistartech.com
Under Webinars

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FA To GL Reconciliation

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Reporting Reconciling Assets to General Ledger (Oracle EBS Assets)

Asset Reconciliation Theory Asset to General Ledger Reconciliation

Reconciliation Process Asset to General Ledger Reconciliation Reports

Asset Detail Extract

Copyright 2008 Chi-Star Technology SM

Asset Reconciliation Theory

Copyright 2008 Chi-Star Technology SM

Asset Reconciliation Theory

Copyright 2008 Chi-Star Technology SM

Asset Reconciliation Theory

Detail Reports (Reports by Cost Center, Account, and Asset):

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Freeze Asset Journals Security Do not allow access to Asset Accounts

Assign security rules Test security rules

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Freeze Asset Journals

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Security Do not allow access to Asset Accounts Define security rules

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Security Do not allow access to Asset Accounts Assign security rules

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Security Do not allow access to Asset Accounts Test security rules

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Detail Reports (Reports by Cost Center, Account, and Asset):

Copyright 2008 Chi-Star Technology SM

Assets to General Ledger Reconciliation

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Generate Reports from Oracle General Ledger

Match reports to reconcile

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Copyright 2008 Chi-Star Technology SM

Automated Reconciliation Process

Copyright 2008 Chi-Star Technology SM

Automated Reconciliation Process