r12 books asset

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Asset Books

Release 12 Oracle Asset Management Fundamentals

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Objectives

After completing this module, you should be able to do the following:• Explain where defining asset books fits into the Oracle

Assets process• Discuss the three types of asset books – corporate, tax

and budget• Explain the setup options and implementation issues

concerning the regions of the defining asset books window

• Set up Group Assets• Discuss energy assets• Explain the set up and use of the Security by Book

feature within Oracle Assets• Discuss the process flow required to create Security by

Book

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Agenda

• Asset Books Positioning

• Asset Books Regions

• Group Depreciation

• Energy Assets

• Security by Book

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Asset Books Positioning

Corporate

Tax

Budget

Asset Categories

Asset Calendars

Depreciation Methods

Asset BooksAssets

Assigned to

Assigned to

New assets are assigned to a Category then to a Book

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Asset Books Regions

CalendarAccounting

RulesNatural

AccountsJournal

Categories

Define Asset Books

4 Regions

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Calendar Region

Calendar Region

Allow Purge

GL Ledger

Depreciation Calendar

Prorate Calendar

Current Period

Divide Depreciation

Depreciate if Retired in First Year

Allow GL Posting

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Accounting Rules Region

Accounting Rules

Region

Allow Amortized Changes

Allow Mass Changes

Allow Revaluations

Allow Group Depreciation

Capital Gain Threshold

Allow Cost Sign Changes

Create Intercompany Balancing Entries

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Natural Accounts Region

Natural Accounts

Region

Retirement Accounts

Other Natural Account Defaults

Account Generator Defaults

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Group Depreciation

Member Asset 1

Group Asset

Member Asset 2

Member Asset 3 Member Asset 4

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Group Depreciation in the Global Market

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Group and Member Asset Rules

Group and Member Asset Rules provide:

Predefined rules, which help to simplify asset management across your business, by ensuring tight control across capital investments and providing real-time access to asset information.

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Set Up Group Assets

In the Book Controls window:

Field

Class

Allow Amortized Changes

Allow Group Depreciation

Value

Corporate

Yes

Yes

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Assigning Member Assets to Group Assets

Group Asset

Member Assets

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Group Asset Reserve Transfer

Group Asset 1 Group Asset 2

Transfer Reserve

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Energy Assets

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Security by Book

Co 1 User Co 2 User

Co 3 User Co 4 User

Co 1 Asset Book

Security by Book

What is it Good For?

Absolutely Something!

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Organizations and Security by Book

UK User Oracle UKUK Security Profile

Manchester User

Manchester Security Profile

Oracle Manchester

Oracle London

London Security Profile

London User

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How Security by Book Is Usedwithin Process Flow

Responsibility

Manage assets

Run depreciation and close books

View reports

Users

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Security by Book Setup Steps

Specify the Hierarchy

Setup Security Profiles

Run the Security List Maintenance

Program

Create Responsibilities

Assign Responsibilities

to Users

Define your Organizations

Attach Security Profiles to

Responsibilities

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Security by Book Setup Steps

Specify the Hierarchy

Setup Security Profiles

Run the Security List Maintenance

Program

Create Responsibilities

Assign Responsibilities

to Users

Define your Organizations

Attach Security Profiles to

Responsibilities

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Troubleshooting Security by Book

It doesn't work…

What happened?

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Implementation Considerations for Security by Book

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Summary

In this module, you should have learned how to:• Explain where defining asset books fits into the Oracle

Assets process• Discuss the three types of asset books – corporate, tax

and budget• Explain the setup options and implementation issues

concerning the regions of the defining asset books window

• Set up Group Assets• Explain energy assets

• Explain the set up and use of the Security by Book feature within Oracle Assets

• Discuss the process flow required to create Security by Book