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Oracle eBusiness Financials R12 Oracle Assets Functional Overview TCS Oracle Practice New and Changed Features for Oracle Assets – Sub Ledger Accounting Architecture and Inquiries – Enhanced Mass Additions for Legacy conversions – Automatic Preparation of Mass Additions – Flexible Reporting using XML publisher – Automatic depreciation rollback – Enhanced functionality for Energy industry 13 August 2017 Sub Ledger Accounting Architecture Sub Ledger Accounting Architecture Agenda – Introduction • Description • Benefits – Setup and Process – Summary 13 August 2017 Sub Ledger Accounting Architecture Description – SLA • Oracle Assets is fully integrated with SLA, which is a common accounting platform for Sub Ledgers. • Customers can use the seeded Account Derivation definitions or modify them as required. • Continue to support Account Generator functionality for existing Asset Books. • New SLA Accounting report and online account inquiry. 13 August 2017 Sub Ledger Accounting Architecture Benefits • Enable compliance with multiple legislative, industry or geography requirements concurrently in a single instance through configurable rules. • Increase transparency and enable full traceability of the transaction and accounting data through the new data model 13 August 2017 Subledger Accounting Architecture Setup and Process SETUP PROCESS Compile the Application Accounting Definition View Journals in SLA inquiry Enter Transactions in Oracle Assets Drill down from Journal To Asset Complete the accounting Setup flow Run the Create Accounting Program Automated process 13 August 2017 Sub Ledger Accounting Architecture Summary • SLA is a new common accounting architecture: – Provides improved accounting reporting and analysis – Supports multiple accounting requirements concurrently in a single instance through configurable rules – Oracle Assets is fully integrated with Oracle Subledger Accounting for creating Journal Entries, Account drill down and Inquiry. 13 August 2017 Enhanced Mass Additions for Legacy Conversions Enhanced Mass Additions for Legacy Conversions Agenda • • Introduction – Description – Benefits Summary 13 August 2017 Enhanced Mass Additions for Legacy Conversions Description • Additional attributes have been added to the FA _MASSADDITIONS interface table to enhance the mass additions functionality. • New Attributes: Asset life, Depreciation method, Prorate convention, Bonus rule Ceiling name, Depreciation limit etc. • WebAdi has been enhanced to provide the additional attributes 13 August 2017 Enhanced Mass Additions for Legacy Conversions Description New columns in WebAdi 13 August 2017 Enhanced Mass Additions for Legacy Conversions Benefits •Customers can populate the values for the new attributes directly in the FA Mass Additions interface table rather than accepting default values from the asset category. •Legacy conversion can be completely automated. 13 August 2017 Enhanced Mass Additions for Legacy Conversions Summary •Additional attribute can be used to populate values directly thereby eliminating the need to override the defaults from the Asset Category 13 August 2017 Automatic Preparation of Mass Additions Automatic Preparation of Mass Additions Agenda – Introduction • Description • Benefits – Setup and Process • How to set up the feature • How to use the feature – Summary 13 August 2017 Automatic Preparation of Mass Additions Description • This new feature consists of default rules and Public APIs that can be used by customers to complete the preparation of mass addition lines automatically. • Auto populate required fields such as Expense Account, Asset Category etc. 13 August 2017 Automatic Preparation of Mass Additions Benefits • Avoid manual intervention during the Mass Additions prepare process • Avoid customization and use public APIs to effect custom business logic. 13 August 2017 Automatic Preparation of Mass Additions Setup and Process SETUP PROCESS Set up Quickcodes Interface Mass Addition Lines from AP or Other system Run the Prepare Mass Additions Concurrent Program Automated process 13 August 2017 Automatic Preparation of Mass Additions Setup – Quickcode – Rules to Prepare Mass Additions Value Description Use Default The Asset Category is derived based on the Asset Clearing Account if there is a one to one match in the Asset Category setup. The Expense account is derived based on the Clearing Account by replacing the natural account segment from the Asset Category. Use Custom The Prepare Mass Additions program will use the custom logic coded in the Public API Use Custom Energy Energy industry specific custom rule. 13 August 2017 Automatic Preparation of Mass Additions Setup - Quickcode Rules to Prepare Mass Additions •Use Default •Use Custom or •Use Custom Energy 13 August 2017 Automatic Preparation of Mass Additions Process • Interface Mass Additions Lines from Accounts Payable or any other system • Run the Prepare Mass Additions Program • Optionally verify Mass Additions data • Post Mass Additions 13 August 2017 Automatic Preparation of Mass Additions Summary • Run the ‘Prepare Mass Additions’ concurrent program. • Use the Public API to populate values for required fields such as depreciation expense account, asset category, location etc. • The Goal is to reduce manual intervention in the Mass Additions process. 13 August 2017 Flexible Reporting using XML publisher Flexible Reporting using XML publisher Agenda – Introduction • Description • Benefits – Setup and Process • How to set up the feature • How to use the feature – Summary 13 August 2017 Flexible Reporting using XML publisher Description • Major Asset Transaction reports have been modified to support XML publisher. • Customers can modify or use new templates to view report output. 13 August 2017 Flexible Reporting using XML publisher Description • XML reporting is available for the following thirteen asset reports: 1. 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 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 13 August 2017 Flexible Reporting using XML publisher Benefits • Customers can customize report output by modifying seeded templates or by using new templates 13 August 2017 Flexible Reporting using XML publisher Setup – Set the Output Format to XML 13 August 2017 Flexible Reporting using XML publisher Process – Submit report 13 August 2017 Flexible Reporting using XML publisher Process – Text output Text Output 13 August 2017 Flexible Reporting using XML publisher Process – XML output XML Output 13 August 2017 Flexible Reporting using XML publisher Summary •XML output supported for 13 major Asset Transaction reports. •Customers can easily modify report template 13 August 2017 Automatic Depreciation Rollback Automatic Depreciation Rollback Agenda •Introduction Description Benefits •Summary 13 August 2017 Automatic Depreciation Rollback Description Depreciation is rolled back automatically by the system when any transaction is performed on an asset if the following conditions are met: •Depreciation has been processed in that period and •The period is not closed 13 August 2017 Automatic Depreciation Rollback Benefits •It is no longer required to run depreciation rollback program manually. •Depreciation rollback is executed only on select assets as required and not on the entire Asset Book; thereby enhancing performance of the program. 13 August 2017 Automatic Depreciation Rollback Summary Customers can perform additional transactions on assets after running depreciation without having the need to run the depreciation rollback program as long as the period is open. 13 August 2017 Enhanced functionality for Energy Industry Enhanced functionality for Energy Industry Agenda • Introduction – Description 13 August 2017 Enhanced functionality for Energy Industry Description Energy Units of Production Method for Group Assets • Allow Production method for Group Assets • Allow Production upload to Group Assets Energy Straight line Method •Net Book Value / Remaining Life 13 August 2017 Thank You