oracle r12 fixed assets changes from 11i
TRANSCRIPT
R12 Fixed Assets Overview
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
Enhanced Mass Additions
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
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
Web ADI template for Asset Mass additions enhanced to add additional columns
New columns added
Enhanced Mass Additions Legacy conversions
Automatic Depreciation Rollback
Roll Back Process in 11i
AssetBook
Run Depreciation
Rollback Depreciation for entireBook
Adjustment required for Asset
Create Adjustment
Run Depreciation
RollBack - R12 New Feature
AssetBook
Run Depreciation
Create Adjustment
Adjustment required for Asset
AutomaticRollback ofDepreciation for asset
Run Depreciation(Adjusted asset)
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
Automatic Preparation of Mass Additions
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
Automatic Preparation Mass Additions
Choice of 3 types of rules to Prepare Mass Additions:Use DefaultUse CustomUse Custom Energy
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
Enhanced Functionality for Energy Industries
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.
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
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
Uptake of Subledger Accounting Architecture
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.
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
Viewing transaction events in SLA
Reporting Using XML Publisher
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.
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
Reporting using XML publisher
Change report output Format to XML (in System Administrator responsibility > Concurrent program definition)
Report showing Text Output
Report using XML output
Join our growing Network at www.OracleERP.org