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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