Oracle Asset Management

Prerequisites:

An understanding of basic accounting concepts and the asset management function. Knowledge of Oracle Accounts Payable and General Ledger would be advantageous.

Course Description:

This course is designed for managers and end users. By the end of this course, delegates will be able to set up and use Oracle Assets for fixed asset management. Delegates will understand the asset life cycle. They will be able to add an asset, adjust and revalue an asset, calculate depreciation on an asset, transfer an asset and retire an asset. Delegates will also know how to use Mass Additions by integrating with Oracle Accounts Payables.

This course includes the following modules:

Course Topics

• Overview of Oracle Asset Management
• Set up Asset Controls and Accounting Information
• Define Asset Books and Categories
• Set up Depreciation
• Manual Asset Additions
• Quick Additions
• Detail Additions
• Assets with Multiple Assignments
• Mass Additions
• Create and Prepare Mass Addition Lines
• Post Mass Additions
• CIP Asset Additions
• Adjust and Maintain Assets
• Clear Historical Data
• Transfer Assets
• Depreciate Assets and Project Asset Depreciation
• Report Reconciliation
• Retire / Reinstate Assets and Calculate Gains and Losses
• Create Asset Management Journal Entries
• Use the Account Generator
• Asset Inquiry and Reporting
• Tax Accounting