Fixed Assets SIG

Fall 2003 Cindy Cline

Agenda
Introductions Administrative Stuff Adopting GASB 34/35 Patch Set K
Heidi Granken, AT&T Wireless

Bonus Depreciation Ask Oracle Networking and Q&A

Elections
To be held in January, 2004 New Officers announced at AppsWorld Jan 25-28, 2004 Nominations due by October 31st
Group Coordinator Co-Chair Secretary/Treasurer European Chair Enhancements Chair

Presentation
Adopting GASB 34/35
Richard Swigart, Maricopa County Community College District

Presentation
Patch Set K
Heidi Granken, AT&T Wireless

Bonus Depreciation
Bonus depreciation increases to 50% (Patch No. 2978998)
Applies to qualifying property placed in service after May 5, 2003 and before January 1, 2005.*

30% bonus depreciation

Applies to qualifying property purchased between September 11, 2001, and May 6, 2003.

*National Association of Tax Professionals,

www.naptax.com/taxact2003.pdf

Ask Oracle
Gladys Leung, Senior Product Manager, Oracle Assets

Strategic Enhancements
ADI Customization, William T. Ellis, Palm Beach County Sheriffs Office

Contact Us
www.oaug.org/fasig cindy@ccatsolutions.com

Security by Book
5 Easy Steps

Securing Tax Books

Person who runs Mass Copy must have visibility to Corporate and Tax Books Restricted users cannot update data Performance issues

Step 1. Define Organization

Use an existing or new organization Define as an asset organization Assign depreciation books to the organizations Depreciation books can only be assigned to one organization

Organization

Step 2. Define Hierarchy

Tax Books Organization must be a subsidiary of the Corporate Book Organization.

Organization Hierarchy

Step 3. Define Security Profile

Used to determine the top organization in the hierarchy that can be viewed by a responsibility.

Security Profile

Step 4. Run Security List Maintenance

Process is run under HR responsibility

Security List Maintenance

Step 5. Set Profile Option

FA: Security Profile Set at the responsibility level

System Profiles

One more thing

For custom applications, set the profile option:
Oracle Initialization Statement Value: begin fa_security.set_fa_context(app#); end; Responsibility Level

OK Two more things

To define Organizations, set the profile option:
HR: User Type Value: HR User Responsibility Level

Questions?