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Oracle Fixed Assets Management Overview

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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Feroz Mohammed
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61 views3 pages

Oracle Fixed Assets Management Overview

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.

Uploaded by

Feroz Mohammed
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

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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