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R12 Fixed Assets Overview
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r12 Fixed Assets Changes From 11i

Apr 14, 2015

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Toni Ibrahim

r12 Fixed Assets Changes From 11i
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Page 1: r12 Fixed Assets Changes From 11i

R12 Fixed Assets Overview

Page 2: r12 Fixed Assets Changes From 11i

New and Changed Features in R12

Process Efficiency• Enhanced Mass Additions for Legacy conversions• Automatic Depreciation Rollback• Automatic Preparation of Mass Additions

Industry Enhancements• Enhanced Functionality for Energy Industry

Flexible AccountingUptake of Subledger Accounting ArchitectureFlexible Reporting

• Reporting using XML publisher

Page 3: r12 Fixed Assets Changes From 11i

Enhanced Mass Additions

Presenter
Presentation Notes
Let’s begin by looking at look at why we decided to create the Advanced Global inter-company System in R12 and the business challenges we wanted to resolve.
Page 4: r12 Fixed Assets Changes From 11i

Mass Additions Process in 11i

Oracle Payables

OracleProjects

Legacy System

ADI

FA Mass Additions

Review Mass Additions

FA Asset Books Asset Category toDefault asset depreciationrules

Page 5: r12 Fixed Assets Changes From 11i

R12 Enhanced Mass Additions

R12 New FeaturesNew attributes added to FA_MASS_ADDITIONS

• Asset Life• Depreciation Method• Prorate Convention• Bonus Rule • Allowed Depreciation limit• Allowed Depreciation limit amount• Salvage type• Percent salvage value

Web ADI Mass Additions template enhanced to include new columns

Page 6: r12 Fixed Assets Changes From 11i

Web ADI template for Asset Mass additions enhanced to add additional columns

New columns added

Enhanced Mass Additions Legacy conversions

Page 7: r12 Fixed Assets Changes From 11i

Automatic Depreciation Rollback

Presenter
Presentation Notes
Let’s begin by looking at look at why we decided to create the Advanced Global inter-company System in R12 and the business challenges we wanted to resolve.
Page 8: r12 Fixed Assets Changes From 11i

Roll Back Process in 11i

AssetBook

Run Depreciation

Rollback Depreciation for entireBook

Adjustment required for Asset

Create Adjustment

Run Depreciation

Page 9: r12 Fixed Assets Changes From 11i

RollBack - R12 New Feature

AssetBook

Run Depreciation

Create Adjustment

Adjustment required for Asset

AutomaticRollback ofDepreciation for asset

Run Depreciation(Adjusted asset)

Page 10: r12 Fixed Assets Changes From 11i

Automatic Depreciation Rollback

Conditions for Automatic Rollback:

• Depreciation processed for the period and

• The period is not closed

Adjusted Asset depreciated in next depreciation run.

Rollback Depreciation program (R11i) is now obsolete

Page 11: r12 Fixed Assets Changes From 11i

Automatic Preparation of Mass Additions

Presenter
Presentation Notes
Let’s begin by looking at look at why we decided to create the Advanced Global inter-company System in R12 and the business challenges we wanted to resolve.
Page 12: r12 Fixed Assets Changes From 11i

Automatic Preparation 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

Page 13: r12 Fixed Assets Changes From 11i

Automatic Preparation Mass Additions

Choice of 3 types of rules to Prepare Mass Additions:Use DefaultUse CustomUse Custom Energy

Page 14: r12 Fixed Assets Changes From 11i

Automatic Preparation Mass Additions

Mass Addition Rules• Default Rule :

– Asset Category derived from Asset Clearing Account if one to one match is available

– Expense account derived from Asset clearing account, by replacing natural account segment.

• Custom Rule: Rule defined in API FA_MASSADD_PREPARE_PKG• Custom Energy: Energy industry custom rule

Page 15: r12 Fixed Assets Changes From 11i

Enhanced Functionality for Energy Industries

Presenter
Presentation Notes
Let’s begin by looking at look at why we decided to create the Advanced Global inter-company System in R12 and the business challenges we wanted to resolve.
Page 16: r12 Fixed Assets Changes From 11i

Enhanced Functionality for Energy Industry

– Units of Production method now allowed for Group Assets.

– Custom Energy Industry rule for Automatic creation of assets through Mass Additions.

Page 17: r12 Fixed Assets Changes From 11i

UOP method for Group Assets

Year 1Acquisition of Rig

• Cost = $100,000• Life = 14 yrs• Capacity: 18 million barrels

Group Asset

Year 4Repair/ Refurbishment$ 75,000Capacity: 9 million barrels

Year 2Repair/ Refurbishment$ 50,000Capacity: 12 million barrels

Page 18: r12 Fixed Assets Changes From 11i

UOP Method for Group Assets

• New Energy Units of Production Method for Group Assets

Depreciation amount = Net Book Value x ( Production for the Period / Net

Remaining Production Capacity)

Net Remaining Production Capacity = Total Capacity –Production used to date

Page 19: r12 Fixed Assets Changes From 11i

Uptake of Subledger Accounting Architecture

Presenter
Presentation Notes
Let’s begin by looking at look at why we decided to create the Advanced Global inter-company System in R12 and the business challenges we wanted to resolve.
Page 20: r12 Fixed Assets Changes From 11i

SLA Uptake

Oracle Assets fully integrated with Subledger Accounting.

Transactions in Assets are denoted by different Event Classes.

Event Classes are grouped into the following Event entities:

Transactions:

Additions, Adjustments, Capitalizations, Reclassification, Retirements, Unit Adjustments, Unplanned Depreciation etc.

Depreciation :

Depreciation & Depreciation Rollback.

Inter Asset Transfers:

Source Line transfers, Reserve Transfers etc.

Deferred Depreciation: Deferred Depreciation.

Page 21: r12 Fixed Assets Changes From 11i

SLA Uptake

Users can use the seeded Account Derivation definitions or modify them.

Continue to support Account Generator functionality for existing Asset Books.

FA: Use Workflow Account Generation = Yes

Create Journal Entries replaced by Create Accounting program.

SLA options in the Menu for online enquiry.

Account Drilldown report replaced by SLA Account Analysis report

Page 22: r12 Fixed Assets Changes From 11i

Viewing transaction events in SLA

Page 23: r12 Fixed Assets Changes From 11i

Reporting Using XML Publisher

Presenter
Presentation Notes
Let’s begin by looking at look at why we decided to create the Advanced Global inter-company System in R12 and the business challenges we wanted to resolve.
Page 24: r12 Fixed Assets Changes From 11i

Reporting using XML publisher

– Major Asset Transaction reports modified to support XML publisher.

– Users can modify seeded templates or use new templates to view report output.

Page 25: r12 Fixed Assets Changes From 11i

Reporting using XML publisher

XML reporting is available for major Asset Transaction 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

Page 26: r12 Fixed Assets Changes From 11i

Reporting using XML publisher

Change report output Format to XML (in System Administrator responsibility > Concurrent program definition)

Page 27: r12 Fixed Assets Changes From 11i

Report showing Text Output

Page 28: r12 Fixed Assets Changes From 11i

Report using XML output

Page 29: r12 Fixed Assets Changes From 11i

Join our growing Network at www.OracleERP.org

Presenter
Presentation Notes
Thanks for your time.