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Oracle Assets - FA SIG Oct 2006

Somasundar Viswapathy
Product Manager
The following is intended to outline our general
product direction. It is intended for information
purposes only, and may not be incorporated into any
contract. It is not a commitment to deliver any
material, code, or functionality, and should not be
relied upon in making purchasing decisions.
The development, release, and timing of any
features or functionality described for Oracles
products remains at the sole discretion of Oracle.
Oracle Assets

Release 12 Overview
Agenda

Summary of New/Changed FA Features

Detailed Description of Each Feature
Feature and Benefits
Demonstration
Implementation Considerations
Customization and Extensibility Options
Integration Considerations
Upgrade Considerations
Wrap Up/Q&A
New and Changed Features for Assets
in R12
Process Efficiency
1)Enhanced Mass Additions for Legacy conversions
2)Automatic Preparation of Mass Additions
3)Automatic Depreciation Rollback

Flexible Reporting
4)Reporting using XML publisher

Flexible Accounting
5)Uptake of Subledger Accounting Architecture
 New and Changed Features for Assets
in R12 (Continued)
Industry specific Enhancement
6) Enhanced Functionality for Energy Industry
Enhanced Mass Additions for Legacy
conversions
 Enhanced Mass Additions for Legacy
conversions
New Attributes added to the Interface table
FA_MASS_ADDITIONS :

Asset life, Depreciation method, Prorate convention, Bonus

rule Ceiling name, Depreciation limit etc.

WebAdi has been enhanced to provide the additional

attributes
Enhanced Mass Additions for Legacy
conversions
In the past customers had to override the values that defaulted from
Asset Category.
 Enhanced Mass Additions for Legacy conversions
New
attributes

WebAdi has been enhanced to include the additional Columns

Enhanced Mass Additions for Legacy conversions

Demonstration
Enhanced Mass Additions for Legacy conversions
Demonstration Scenario

Add an asset with depreciation method different from that of the

Asset Category
Enhanced Mass Additions for Legacy conversions
Implementation Considerations

WebAdi Define Layout and Create Mapping have these

additional columns that can be set up during implementation
Automatic Preparation of Mass Additions
 Automatic Preparation of Mass
Additions
Auto Prepare Mass addition lines to avoid manual
intervention.

Auto populate required fields such as Expense Account,

Asset Category etc.

Use default rule or use custom extension

New Concurrent Program:

Prepare Mass Additions
Automatic Preparation of Mass Additions
Setup - Quickcode

Rules to Prepare Mass Additions

Use Default
Use Custom or
Use Custom Energy
Automatic Preparation of Mass Additions
Setup Quickcode
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.
Use Default
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
Use Custom logic coded in the Public API
FA_MASSADD_PREPARE_PKG
Use Custom
Energy industry specific custom rule.
Energy
Automatic Preparation of Mass Additions

Demonstration
 Automatic Preparation of Mass Additions
Demonstration Scenarios

Set Up Rules
Interface Mass Addition Lines
Run the Prepare Mass Additions program
Verify Mass Additions data
Post Mass Additions
Automatic Preparation of Mass Additions
Implementation Considerations

Setup Quickcodes
Code custom logic in the
FA_MASSADD_PREP_CUSTOM_PKG.prepare_attributes
package
Automatic Depreciation Rollback
 Automatic Depreciation Rollback

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

Rollback Depreciation program is obsolete

Automatic Depreciation Rollback

Demonstration
Reporting using XML publisher
Reporting using XML publisher

Major Asset Transaction reports have been modified to support

XML publisher.

Customers can modify or use new templates to view report

output.
 Reporting using XML publisher

XML reporting is available for major Asset Transaction reports:

1. Asset Transfers Report
2. Transaction History Report
3. Asset Reclassification Report
4. Mass Additions Create Report
5. Cost Adjustment Report
6. Cost Summary Report
7. CIP Summary Report
8. Reserve Summary
9. Journal Entry Reserve Ledger
10. Asset Additions Report
11. CIP Capitalization Report
12. Mass Additions Posting
13. Asset Retirements
Reporting using XML publisher

Set the Output Format to

XML
Reporting using XML publisher
Process Text output
Text Output
Reporting using XML publisher
Process XML output
XML Output
Reporting using XML publisher

Demonstration
Uptake of Subledger Accounting
Uptake of Subledger Accounting

SLA
Oracle Assets is fully integrated with SLA, which is a common
accounting platform for Sub Ledgers.
Customers can use the seeded Account Derivation definitions
or modify them as required.
Continue to support Account Generator functionality for
existing Asset Books.
New SLA Accounting report and online account inquiry.
Uptake of Subledger Accounting

Integration Considerations

The FA: Include Nonrecoverable Tax in Mass

Addition profile option is obsolete.

This has been replaced by Post Accounting

Programs under Subledger Accounting. These
programs manage the setup for all eligible lines
from Payables to Assets for the Mass Additions
Create program.
Enhanced Functionality for Energy Industry
Enhanced Functionality for Energy
Industry
1) Energy Units of Production Method for Group Assets

Allow Production method for Group Assets

Allow Production upload to Group Assets

Net Book Value x (Production for the Period / Net

Remaining Production Capacity)

Net Remaining Production Capacity = Total Capacity

Production used to date
Enhanced Functionality for Energy
Industry

2) Energy Straight line Method

Net Book Value / Remaining Life
Global Considerations

Global Descriptive Flexfield Migration for Greece

Information stored in descriptive flexfields for Greece -

Commitment and
Investment law

are upgraded to named fields in the Asset Workbench.

Wrap Up/ Q&A
Thank You