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Oracle Apps 11i

  1. ERP Overview
  2. Oracle Apps 11i: Overview of popular ERP Products
  3. Oracle Apps 11i: Advantages of Oracle E-Business Suite
  4. Oracle Apps 11i : Getting started with Oracle Applications
  5. Oracle Apps 11i: Internationalization Support and Multiple Reporting Currencies
  6. Oracle Apps 11i : File System
  7. Oracle Apps 11i Installation - System Requirements
  8. Oracle Apps 11i - Using Rapid install and the Steps Before Apps Installation
  9. Single Node and Multi Node Installation Part 1
  10. Single Node and Multi Node Installation Part 2
  11. Oracle Apps Application Framework
  12. Oracle Apps Table Registration API
  13. Oracle Apps Concurrent Processing
  14. Oracle Apps Concurrent Library Window
  15. Oracle Apps Message Dictionary
  16. Oracle Apps Flex fields
  17. Oracle Apps Implementing Key Flex field and Descriptive Flex field
  18. Oracle Apps Template Form
  19. Special Triggers in the Template Form in Oracle Apps 11i
  20. Creating New Forms in Oracle Apps 11i
  21. Creation of Master Detail Block in Oracle Apps 11i
  22. Registering New Forms in Oracle Apps 11i
  23. Oracle Apps 11i: Setting up Chart Of Accounts (COA)
  24. Oracle Apps Sys Admin - Users and Responsibilities
  25. Oracle Apps 11i : Creating Journals through Oracle GL
  26. Oracle Apps 11i : Suppliers
  27. Oracle Apps 11i : Asset Management - Asset Book Positioning
  28. Oracle Apps 11i : Asset Management - Asset Books Regions
  29. Oracle Apps 11i : Asset Management - Manual and Quick Additions
  30. Oracle Apps 11i : Asset Management - Mass Additions
  31. Oracle Apps 11i : Asset Management - Asset Adjustments
  32. Oracle Apps 11i : Asset Management - Mass Transfers
  33. Oracle Apps 11i : Asset Management - Depreciation
  34. Oracle Apps 11i : Asset Management - Retirements
  35. Oracle Apps 11i : Asset Management - Journal Entries
  36. Oracle Reports 6i

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Home arrow Technical Training arrow Oracle Apps 11i

Oracle Apps 11i : Asset Management - Asset Book Positioning

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Author : Exforsys Inc.     Published on: 9th Oct 2005    |   Last Updated on: 11th Oct 2005

.Oracle Apps 11i Tutorials : Asset Management - Asset Book Positioning

Oracle Assets is a complete asset management solution that maintains property and equipment accurately to help you the best accounting and tax strategies.

  • You can add, transfer, and retire assets.
  • You can adjust for a single asset, group of assets, or financial information.
  • Oracle assets adapts to various countries’ tax and accounting laws to accommodate fluctuating economies, unplanned depreciation, and other unforeseen circumstances.
  • Oracle assets provides reports that you can use to inform the fixed asset manager of additions, transfers, retirements, or other unrecorded changes, ensuring that the asset inventory remains accurate.
  • At any time, you can print these reports or you can view descriptive or financial information about assets online.

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Overview

Assets Integration

Oracle Assets integrates with Oracle Payables, Projects, and General Ledger to provide asset management information.

1. It uses supplier information from Oracle purchasing, UOM and items from Oracle Inventory, and employees from Oracle HR.

2. Also interfaces directly with the Application Desktop Integrator.

3. You can use Mass additions to load into Oracle Assets invoice and asset information from any feeder system, such as Oracle Payables or another payables system.

4. You can import CIP assets from Oracle projects.

5. Oracle Assets eases GL integration by automatically producing asset journal entries for the GL system.

Asset Life Cycle

You add assets to the Oracle Assets system through manual additions or transactions that flow through the FA_MASS_ADDITIONS table.

Asset Books

Positioning

Define asset books to store financial information for a group of assets. Use 3 types of asset books:

1. Corporate A book to track financial info for your balance sheet.
2. Tax A book to track financial info for tax reporting authorities.
3. Budget A book to track planned capital expenditures.

Define corporate books first, and then tax and budget books.

To define an Asset Book:

Figure1. Navigate to define an Asset Book.

1. Enter a book name and description for your book.
2. Choose a Corporate, Tax, or Budget book class. If defining a Tax or Budget book, you must associate those books with a Corporate book. If the book you are defining is a corporate book, it will automatically be associated with itself.
3. Enter calendar info.
4. Enter accounting rules.
5. Enter natural accounts.
6. Enter journal categories.

Figure 2(a). Define a Corporate Asset Book.

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Figure 2(b). Define a Tax Asset Book.



 
This tutorial is part of a Oracle Apps 11i tutorial series. Read it from the beginning and learn yourself.

Oracle Apps 11i

  1. ERP Overview
  2. Oracle Apps 11i: Overview of popular ERP Products
  3. Oracle Apps 11i: Advantages of Oracle E-Business Suite
  4. Oracle Apps 11i : Getting started with Oracle Applications
  5. Oracle Apps 11i: Internationalization Support and Multiple Reporting Currencies
  6. Oracle Apps 11i : File System
  7. Oracle Apps 11i Installation - System Requirements
  8. Oracle Apps 11i - Using Rapid install and the Steps Before Apps Installation
  9. Single Node and Multi Node Installation Part 1
  10. Single Node and Multi Node Installation Part 2
  11. Oracle Apps Application Framework
  12. Oracle Apps Table Registration API
  13. Oracle Apps Concurrent Processing
  14. Oracle Apps Concurrent Library Window
  15. Oracle Apps Message Dictionary
  16. Oracle Apps Flex fields
  17. Oracle Apps Implementing Key Flex field and Descriptive Flex field
  18. Oracle Apps Template Form
  19. Special Triggers in the Template Form in Oracle Apps 11i
  20. Creating New Forms in Oracle Apps 11i
  21. Creation of Master Detail Block in Oracle Apps 11i
  22. Registering New Forms in Oracle Apps 11i
  23. Oracle Apps 11i: Setting up Chart Of Accounts (COA)
  24. Oracle Apps Sys Admin - Users and Responsibilities
  25. Oracle Apps 11i : Creating Journals through Oracle GL
  26. Oracle Apps 11i : Suppliers
  27. Oracle Apps 11i : Asset Management - Asset Book Positioning
  28. Oracle Apps 11i : Asset Management - Asset Books Regions
  29. Oracle Apps 11i : Asset Management - Manual and Quick Additions
  30. Oracle Apps 11i : Asset Management - Mass Additions
  31. Oracle Apps 11i : Asset Management - Asset Adjustments
  32. Oracle Apps 11i : Asset Management - Mass Transfers
  33. Oracle Apps 11i : Asset Management - Depreciation
  34. Oracle Apps 11i : Asset Management - Retirements
  35. Oracle Apps 11i : Asset Management - Journal Entries
  36. Oracle Reports 6i
 

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