questions to consider when you implement oracle...
TRANSCRIPT
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Questions to Consider When You Implement Oracle Assets
Cindy ClineCline Consulting and Training Solutions
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Agenda
• Introduction• Setup Steps• Key Setup Decisions• Conversions• Q&A
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Introduction
• Many issues arise during an Assets Implementation. Today we will discuss– Important decisions– Common issues– Conversions
• We will not discuss– Every setup step– Customizations
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Shared Setup Steps
• General Ledger• Inventory• Payables• Human Resources
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Key Flexfields
• Category Flexfield– Accounting– Depreciation Rules
• Location Flexfield– Property Tax
• Asset Key– Non-financial Grouping
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Asset Categories
• Group assets based on financial criteria
• Accounting Rules• Depreciation
Parameters
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Asset Key Flexfield
• Optional• Used in Asset Workbench queries• Used to group assets based on non-
financial criteria– Store– Award– Department– Funding Source– More
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Locations
• Used for Property Tax Reporting• Short-hand Aliases
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Flexfield Setup
Demonstration
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System Controls
• Company name• First asset number• Oldest date placed in service• Key flexfield structures
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Account Generator
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Account Generator (Continued)
• Book Level– Gain Loss– Intercompany
• Category Level– Asset Cost– Accumulated Depreciation– Asset Clearing
• Asset Level– Depreciation
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Depreciation Calendars
• Fiscal Years– Must be the same for book and tax
• Depreciation Calendars– 4-4-5– Conventional– Must match GL Periods for posting
• Prorate Calendars– Used to determine the depreciation period from
which to choose the rate
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How is Depreciation Calculated?
Asset Added
Annual DeprnAllocated
DPIS found in Prorate Calendar
Deprn Period Selected
Annual Deprn Calc’d
Rate Obtained
1st Deprn period determined
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Depreciation Books
• Corporate, Tax or Budget• Used to create journal entries• Define
– Accounting Rules– Calendars– Natural Accounts– Journal Categories
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Depreciation Methods• Cost-based
– Straight-line• Table-based
– MACRS– Declining-Balance
• Formula-based– NBV– Short-Year
• Bonus Depreciation
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Depreciation Methods (Continued)
Demonstration
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Security by Book
• New in 11i• Restricts Access to Assets based on
Organizations• Applied to Responsibilities
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Security by Book (Continued)
Demonstration
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Converting Assets
• Timing• Data to convert• Methods Available
– ADI– Mass Additions
• Tax Books– Initial vs. Periodic Mass Copy– Tax Book Upload Interface