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R12 Fixed Assets Overview

New and Changed Features in R12

 Process Efficiency
• Enhanced Mass Additions for Legacy conversions
• Automatic Depreciation Rollback
• Automatic Preparation of Mass Additions
 Industry Enhancements
• Enhanced Functionality for Energy Industry
 Flexible Accounting
 Uptake of Subledger Accounting Architecture
 Flexible Reporting
• Reporting using XML publisher
Enhanced Mass Additions
Mass Additions Process in 11i

Oracle
Payables
Oracle
ADI
Projects

FA Mass Additions
Legacy
System

Review
Mass Additions
Asset Category to
Default asset depreciation FA Asset Books
rules
R12 Enhanced Mass Additions

R12 New Features


New attributes added to FA_MASS_ADDITIONS
• Asset Life
• Depreciation Method
• Prorate Convention
• Bonus Rule
• Allowed Depreciation limit
• Allowed Depreciation limit amount
• Salvage type
• Percent salvage value

Web ADI Mass Additions template enhanced to include new


columns
Enhanced Mass Additions
Legacy conversions

Web ADI template for Asset Mass additions enhanced to add additional columns

New columns added


Automatic Depreciation Rollback
Roll Back Process in 11i

Asset
Book

Rollback
Run Adjustment Depreciation Create
Depreciation required for for entire Adjustment
Asset Book

Run
Depreciation
RollBack - R12 New Feature

Asset Adjustment
Book required for
Asset

Automatic
Run Create Rollback of
Depreciation Adjustment Depreciation
for asset

Run
Depreciation
(Adjusted asset)
Automatic Depreciation Rollback

 Conditions for Automatic Rollback:


• Depreciation processed for the period and
• The period is not closed

 Adjusted Asset depreciated in next depreciation run.

 Rollback Depreciation program (R11i) is now obsolete


Automatic Preparation of Mass Additions
Automatic Preparation Mass Additions

 Auto Prepare Mass addition lines to avoid manual


intervention.
 Auto populate required fields such as Expense
Account, Asset Category etc.
 Use default rule or use custom extension.
 New Concurrent Program: Prepare Mass Additions
Automatic Preparation Mass Additions

Choice of 3 types of rules to Prepare Mass Additions:


Use Default
Use Custom
Use Custom Energy
Automatic Preparation Mass Additions

Mass Addition Rules


• Default Rule :
– Asset Category derived from Asset Clearing Account if one to one match is
available
– Expense account derived from Asset clearing account, by replacing
natural account segment.
• Custom Rule: Rule defined in API FA_MASSADD_PREPARE_PKG
• Custom Energy: Energy industry custom rule
Enhanced Functionality for Energy Industries
Enhanced Functionality for Energy Industry

– Units of Production method now allowed for Group


Assets.
– Custom Energy Industry rule for Automatic creation
of assets through Mass Additions.
UOP method for Group Assets

Group Asset

Year 1
Acquisition of Rig

• Cost = $100,000
• Life = 14 yrs
• Capacity: 18 million barrels

Year 4
Year 2
Repair/ Refurbishment
Repair/ Refurbishment
$ 75,000
$ 50,000
Capacity: 9 million barrels
Capacity: 12 million barrels
UOP Method for Group Assets

• New Energy Units of Production Method for Group


Assets
Depreciation amount =
Net Book Value x ( Production for the Period / Net
Remaining Production Capacity)

Net Remaining Production Capacity = Total Capacity –


Production used to date
Uptake of Subledger Accounting Architecture
SLA Uptake

 Oracle Assets fully integrated with Subledger Accounting.


 Transactions in Assets are denoted by different Event Classes.
 Event Classes are grouped into the following Event entities:
 Transactions:
Additions, Adjustments, Capitalizations, Reclassification,
Retirements, Unit Adjustments, Unplanned Depreciation etc.
 Depreciation :
Depreciation & Depreciation Rollback.
 Inter Asset Transfers:
Source Line transfers, Reserve Transfers etc.
 Deferred Depreciation: Deferred Depreciation.
SLA Uptake

 Users can use the seeded Account Derivation definitions or modify them.
 Continue to support Account Generator functionality for existing Asset
Books.
 FA: Use Workflow Account Generation = Yes
 Create Journal Entries replaced by Create Accounting program.
 SLA options in the Menu for online enquiry.
 Account Drilldown report replaced by SLA Account Analysis report
Viewing transaction events in SLA
Reporting Using XML Publisher
Reporting using XML publisher

– Major Asset Transaction reports modified to


support XML publisher.

– Users can modify seeded templates or use new


templates to view report output.
Reporting using XML publisher

 XML reporting is available for major Asset Transaction reports:


 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
Reporting using XML publisher
Change report output Format to XML (in System Administrator responsibility >
Concurrent program definition)
Report showing Text Output
Report using XML output
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