12899445 Se Eg Assets to Depreciation Demo Script

8/14/2019 12899445 Se Eg Assets to Depreciation Demo Script

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Oracle Accelerator for Special Edition(Egypt)

DEMO SCRIPT

ASSETSTO DEPRECIATION

11.5.10 SE EG v1.01


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Demo Script

Contents

Overview ...........................................................................................................................1

Business Scenarios Test Sequences.................................................................................2

00 Test Specification Prerequisite Steps......................................................................3

Receipt to Assets........................................................................................................3

10 Test Specification Asset Management...................................................................4

Manage Fixed Asset Inventory (FM1108)..............................................................4Manage/Capitalize CIP Assets (FM0959)..............................................................6Transfer Fixed Assets (FM1103)............................................................................10Reclassify Asset (FM1901)......................................................................................14Adjust Asset Financial Information (FM1903)....................................................18Manage Fixed Asset Loss/Disposal (FM1104)....................................................20Estimate Future Depreciation Expense (FM1904)..............................................28Calculate Asset Depreciation (FM0480)...............................................................29

20 Test Specification Period End Close Processing 31

Assets to DepreciationAssets to Depreciation

Assets to Depreciation


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Overview

Receipt to Assets business flow demonstrates the business processes for recording fixed assets. This flow enables users to manually enter assets and totransfer invoice lines marked as assets in accounts payable as Mass Additions to Oracle Assets. This script will test the Core functionality of theOracle applications/modules involved.

The Demo Scripts for the Accounting to Financial Reports business flows are integrated. The Demo Scripts should be run in the appropriate sequenceas much of the data created in a given flow Demo Script serves as seed data or prerequisite to a subsequent flow Demo Script.

The recommended sequence for Demo Script testing of the Accounting to Financial Reports Flows is depicted below. Flows that may be runconcurrently use the same number with a different letter. The Sequence of execution is displayed along the header column such that group A isexecuted before Group B and so on. Demo scripts that may be run concurrently appear in the same group. Dependencies (prerequisites) to the flowsare listed in the last column.

Demo Script Execution Sequence

ID Demo Script Group I GroupII

GroupIII

GroupIV

GroupV

Dependency/Prerequisite

A Expense Report to Invoice None

B Customer Invoice to Cash None

C Supplier Invoice to Payment A

D Receipt to Ass ets C

E Bank Statements to Cash Reconciliation B, C

F Sub ledger Journals to Post B, C

G Assets to Deprecia tion D

H Period End Close to Financial Reports , F, G

11.5.10 SE EG v1.010 Test Specification Asset Management30 Test Specifications - Post Closing Fixed Asset Management30 Test Specifications - Post Closing Fixed Asset Management30 Test SpecificationSpecifications - PostClosing Fixed Asset Management 1 of 40



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Business Scenarios Test SequencesTest Status: Draft, Review, Success, and Defective

Tests Test Name Tester1 Tester2 Tester3 Date Notes

00 Prerequisite Steps

10 Fixed Asset Management

20 Period End Close Processes30 Post Closing Fixed Asset Management




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00 Test Specification Prerequisite Steps

Business Process:

Receipt to Assets

Business Flow: A ssets to Depreciation Summary Process: F ixed Asset Management

Event: Description: The Demo Script Test Script - Receipt to Assets is a prerequisite to Assets to Depreciation. Assets created inthe prerequisite script are used in the testing of the functionality included in Assets to Depreciation.




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10 Test Specification Asset Management

Business Process:

Manage Fixed AssetInventory (FM1108)


Event: Description:

Step# Process StepDescription

Path and Action Input Data Expected Results Actual Results

10.00 Login/ChooseResponsibility

Log into E-Business Suite Home page(URL = http://:/)

Enter User Name/PasswordClick the Login button

User Name: financialsPassword: welcome(Note: The first time you login asfinancials, use welcome1 for the

password. Then change it towelcome.)

Oracle E-Business Suite login page isdisplayed.

E-Business Suite Navigator pagedisplays responsibilities available tothe user.

10.01 Select Fixed Assets ManagerResponsibility

Navigator for Fixed Assets Manager isdisplayed.

10.02 Track AssetInventory Data toAssets

Navigate: Assets Asset Workbench

Under Find by BookEnter Book LOV

Click the Find button

Book: 200 _CORP_BKAsset Workbench displays assets inthe selected Book.

10.03 Update Assetwith PhysicalInventoryInformation

Choose asset with the descriptionRETASSET1

Click the Open button

Enter Tag Number, Serial Number

Click the Done button

Description: RETASSET1

Tag Number: ADS-001Serial Number: FLW0097865

Asset Physical Inventory Informationis recorded manually for the asset.




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10.04 Update Assetwith PhysicalInventoryInformation

Choose asset with the descriptionRETASSET2

Click the Open button

Enter Tag Number, Serial Number


Choose File, Close Form from theApplications Menu

Description: RETASSET2

Tag Number: ADS-002Serial Number: FLZ0091000

Asset Physical Inventory Informationis recorded manually on the asset inthe Asset

10.05 Run AssetInventory Report

Navigate: Other Requests RunChoose Single Request radio button

Click OK button

Select RequestName LOV

Enter Request Parameters

Click the OK button

Click the Submit button

Report Name: Asset InventoryReport

Parameters:Book: 200 _CORP_BK

From Cost Center: 0000To Cost Center: 9999

0000

Report runs successfully andcompletes with a NORMAL status.The report output displays all theAssets in Inventory for the cost centersselected.

10.06 View AssetInventory Report

Click the Refresh buttonReport process completes

Click the Asset Inventory Reportrequest

Click the View Output button

View report

Close the Report window (X)


Asset Inventory Report displays assetsin Physical Inventory




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Business Process:

Manage/Capitalize CIPAssets (FM0959)


Event: Description:



11.00 Review CIP Asset Navigate: AssetsAsset Workbench

Enter Asset Number or Description


Highlight the record for the CIP Assetto be Capitalized.

Asset Number: Asset Numberfrom Detail Asset #4 created instep 11.04 in Receipt to AssetsDemo Script.Description: CIP-ERP SOFTWARE

Asset Workbench Find Assets windowis displayed.

11.01 Review SourceLines

Click on the Source Lines button

Review the Invoice Source Lines.Invoice cost added to this asset viamass additions.

Menu: File Close Form

Source Lines window is displayed. Allsources of the assets cost aredisplayed.

All of the elements of the cost of thisasset have been recorded. We areready to capitalize this asset.




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11.02 Capitalize CIPAssets

Navigate: AssetsCapitalize CIP Assets

Enter Find Parameters:Book, Asset TypeAsset Number orDescription


Highlight the CIP Asset you wish toCapitalize.

Enable the checkbox on the left side ofthe line CIP Asset line you wish tocapitalize.

Click the Capitalize button.


Enter Find CriteriaBook: 200 _CORP_BKAsset Type: CIPAsset Number: Asset Numberfrom Detail Asset #4 created in

step 11.04 in Receipt to AssetsDemo Script.Description: CIP-ERP SOFTWARE

Find CIP Asset window is displayed.

Capitalize CIP Assets window isdisplayed.

11.03 Review CIP ShellAsset

Navigate: AssetsAsset Workbench


Click the Find buttonHighlight the record for the CIP shellasset.

Asset Number: Asset Numberfrom Quick Asset #4 created instep 10.04 in Receipt to AssetsDemo Script.Description: CIP-OFFICES

Asset Workbench Find Assets windowis displayed.

11.04 Add ManualSource Lines toCIP Shell Asset

Click the Source Lines button.

Enter Invoice Number, Description,

Amount

Click the Done button to Save.


Invoice Number: Site Plan ServiceDescription: Site Plan Service forParcel 652453Bos Z4 Purchased forNew Commercial OfficesAmount: EGP15,680

Source Line Added to Asset

Note: Source lines may also be added

using the Mass Additions Add toAsset functionality demonstrated inthe Demo Script Receipt to Assets.




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11.05 Capitalize CIPAsset




Highlight the CIP Asset you wish toCapitalize.

Enable the checkbox on the left side ofthe line CIP Asset line you wish tocapitalize.

Click the Capitalize button.


Enter Find CriteriaBook: 200 _CORP_BKAsset Type: CIPAsset Number: Asset Numberfrom Quick Asset #4 created instep 10.04 in Receipt to Assets

Demo Script.Description: CIP-OFFICES

CIP Asset is capitalized.

11.06 CIP Asset

Reversal

Asset ManagerDetermines that aCIP asset has beencapitalized inerror. A Reversalmust be processedas the CIP Assetsis currently underconstruction.




Highlight the Asset for which youwant to Reverse Capitalize.

Enable the checkbox on the left side ofthe to mark the asset for CIP Reversal.

Click the Reverse button.


Enter Find CriteriaBook: 200 _CORP_BKAsset Type: CAPITALIZEDAsset Number: Asset Numberfrom Quick Asset #4 created instep 10.04 in Receipt to AssetsDemo Script.Description: CIP-OFFICES

CIP Asset is capitalized.

11.07 CIPCapitalizationsReport

The CIP Capitalizations Report isshown here for reference. The reportwill only show the current CIPCapitalizations after Depreciation isrun during the Period End Closing.




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Business Process:

Transfer Fixed Assets(FM1103)


Event: Description:



12.00 User determinesassets that need tobe transferred

Manual, off-line process

12.01 Transfer FixedAssets


In the Find Assets window,Enter Asset Description

Click Find button

Highlight asset with single click.

Click the Assignments button

Asset Description:

QUICKASSET1

The system will allow users to inputthe number of units to transfer in theUnit Change column.

12.02 Enter units totransfer

Enter the number of units (as anegative number) to transfer in theUnit Change column on the firstassignment row. If you want totransfer one unit, enter -1.

Unit Change: -1

Users will be able to create a newassignment row and enter the numberof units transferred in the Unit Changecolumn.

12.03 Create newassignment row

To create a new assignment row, downarrow and enter the number of units(as a positive number) transferred inthe Unit Change column of the newrow.

Unit Change: 1

The system will not allow users toinput invalid expense accounts orlocations.NOTE: (Cannot transfer betweenOperating Units with this form.)




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12.04 Change Locationfield

Enter the new DistributionInformation:

SelectEmployee Name, from LOV.

Tab to the Expense Account field

[Shift][F5] to copy Expense Accountfrom above distribution line.

Enter the new Location

Click Done button

Click the OK button


Employee Name:

Rashed, Ali

Expense Account: Copy fromabove distribution line

Location: 1102.01.10001

Transfer is saved.

Asset is transferred to a new locationand employee.

12.05 Transfer multipleassets betweendepreciationexpense accounts,

employees and/orlocations in asingle transaction.

Navigate: Mass TransactionsTransfers

In the Mass Transfers form, Select the

Asset Book LOV and Enter comments.

Category: This is Optional and allowsusers to further limit the transfer toassets within a specific category.

Accept the current date as thetransaction date or input a date from aprior period.

Input the Transfer From and TransferTo criteria:

Book: 200 _CORP_BK

Category: Leave EmptyTransfer Date: (todays date)Comments: Mass Transfer aGroup of Assets

Location (from): 0000.00.00000Location (to): 1101.02.10001

Mass Transfer Form is displayed.




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12.06 Preview MassTransfer

Click the Preview button to run theMass Transfer Preview report.

Click the OK button

Choose View, Requests from theapplication menu


Highlight the Mass Transfers PreviewReport Request

Click the View Output button toreview the report.

After reviewing and confirming theassets to be transferred, close thereport window (X).


Note Mass Transaction Number.

Asset information has been updatedsuccessfully.

Review the Mass Transfers PreviewReport for reasonableness andaccuracy,

Mass Transaction Number:_________________

12.07 Execute MassTransfer

To perform the Mass Transfer:

Query the Mass Transaction Numberfrom step 1112.06 on the MassTransfers form.

Enter Query [F11]

Enter the Mass Transaction Number

Execute Query [Ctrl+F11]

Click the Run button

Click OK button to question to run

mass transaction?

Click OK button to note.

The system submits a concurrentprocess to perform the transfer.

Review the Mass Transfers Report tomake sure that the transactions

completed successfully.




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12.08 Verify TransferExecution

Choose View, Requests from theapplication menu


Highlight the Mass Transfer Request


After reviewing the Mass TransferExecution Report and confirming thesuccessful asset transfer, close thereport window (X).


Mass Transfer Execution Reportconfirms successful Mass Transfer ofAssets.




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Business Process:

Reclassify Asset (FM1901)


Event: Description:



13.00 User determinesassets that need tobe Reclassified

Manual, off-line process

13.01 Select an asset toreclassify.

Navigate: Assets AssetWorkbench

In the Find Assets window,Enter Asset Description

Click Find button


Description: NEWASSET1

The Asset Details form will open

13.02 Reclassify Asset Click the Open button

Change the values in the Category

field


Click the OK button

Choose File, Close Form from theApplications Menu to close the Assetworkbench.

Category:COMPUTERS.SOFTWARE

The system will only allow users tochange the category to an existingcategory combination.

NOTE: Individual Assetreclassification does not change howthe asset is depreciated, but only howit is recorded in the FA sub-ledgerand the General Ledger with respectto the Category/Natural Account.




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13.03 Verify thereclassification

Navigate: Assets AssetWorkbench

In the Find Assets window,Enter Asset Category

Click Find button


Verify that the category combinationhas changed to the new combinationassigned.

Choose File, Close Form from theApplications Menu to close the Assetworkbench.

Category:COMPUTERS.SOFTWARE

The asset will reflect the newcategory combination.

Query will display Asset from step12.01 above with the new categoryinfo.

13.04 Reclassify aGroup of Assets

Navigate: Mass TransactionsReclassifications

In the Mass Reclassifications form,

Select the Asset Book that the assetsbelong to.

Optionally, input a comment as towhy these assets are being reclassified.

Choose the Assets To Reclassify.

Book: 200 _CORP_BK

Comments: Reclassification of aGroup of Assets

Asset Numbers: (From the LOV,pick the asset # 1 corresponding toasset description ofMRETASSET1). (See Step 03.014ofDemo Script Receipt to Assets forasset number)

Mass Reclassifications form isdisplayed




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13.05 Choose NewCategory

In the Reclass zone, Input the name ofthe new asset c ategory.

Click the checkbox for InheritDepreciation Rules of New Category

Click Preview button to run the MassReclassification Preview report topreview the expected results of theMass Reclassification.

Click the OK button to acknowledgeRequest Id.

Click the OK button to note.

New Category:COMPUTERS.SOFTWARE

Inherit Depreciation Rules ofNew Category: Checked

Mass Reclassifications form isdisplayed.

Mass Reclassification can be used toreclassify one or multiple assets.

The Mass Reclassification

functionality allows users toReclassify Asset(s). The user mayspecify that the reclassified assetinherit the depreciation rules from thenew asset category. This is notavailable in the manualreclassification function.

Review the Mass ReclassificationPreview Report for accuracy andreasonableness.

Note the Mass Transaction Number.

13.06 View Requests Choose View, Requests from theapplication menu


Highlight the Mass ReclassificationPreview Report Request


After reviewing and confirming theassets to be reclassified, close thereport window (X).


Record the Mass Transaction NumberShown in the preview report.

Review the Mass ReclassificationPreview Report for reasonablenessand accuracy.





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13.07 ExecuteReclassification

To perform the Mass Reclassification:

Query the Mass Transaction Numberfrom above step 12.06 on the MassReclassification form.

Enter Query [F11]

Enter the Mass Transaction Number



Click OK button to confirm run masstransaction?

Click OK button to note to confirmrequest IDs.

Click OK button to note.

The system submits a concurrentprocess to perform thereclassification.

Review the Mass ReclassificationReport to make sure that thetransactions completed successfully.

13.08 View Mass

ReclassificationReview Report

Choose View, Requests from the

application menu


Highlight the Mass ReclassificationReview Report Request


After reviewing and confirming theassets that were reclassified, close thereport window (X).

Choose File, Close Form from the

Applications Menu

Review the Mass ReclassificationReview Report for reasonablenessand accuracy.




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Business Process:

Adjust Asset FinancialInformation (FM1903)


Event: Description:



14.00 Change the depreciationmethod and life.


In the Find Assets window,Enter Asset Description to search


Highlight Asset record with a singleclick.

Asset Description:NEWASSET3

The system will allow users to changethe depreciation method and life ofthe asset.

14.01 Change DepreciationInformation

Click the Books button

Select Book from LOV

Tab to the Method region

Change the values in the Method andLife Years fields.


Click the OK button


Book: 200 _CORP_BK

Method: STLLife: 2

The next time depreciation is run, theresults will reflect the change in thedepreciation method and life.

14.02 Change the Asset Datein Service






The system will allow users to changethe Date in Service of the asset.




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14.03 Update Date in Service Click the Books button

Select Book from LOV

Tab to the Depreciation region.Click on the Date in Service field.

Change the values in the Date inService field.


Click the OK button


Book: 200 _CORP_BK

Date in Service: (Use datein Prior period)

Date in Service for an asset may bechanged to a prior period in the rangeof the FA calendar.

14.04 Perform CostAdjustment/Correction






The system will allow users toperform manual corrections andadjustment to asset cost anddepreciation reserve.

14.05 Change Asset Cost Click the Books buttonSelect Book from LOV

Tab to the Depreciation region.Update the current cost of the asset.


Click the OK button


Book: 200 _CORP_BK

Current Cost: EGP6,000

Cost is changed to reflectadjustment/correction.




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Business Process:

Manage Fixed AssetLoss/Disposal (FM1104)


Event: Description:



15.00 Fixed AssetRetirements andReinstatements

15.01 Find Assets toRetire


In the Find Assets window, enter theAsset Description to search.

Click the Find buttonDescription: RETASSET%

When users attempt to retire an assetadded in the current period, thesystem will display the followingmessage: You cannot retire assetsyou added in the current period. Anasset may be deleted if added in thecurrent period.

The Assets for retirement testing inthis script were added in a priorperiod as noted in the Receipt toAssets

15.02 Select Asset Highlight Asset with a single click.

Click the Retirements button

Asset Description: RETASSET1 Retirements form is displayed

15.03 InitiateRetirementTransaction

In the Retirements window,

Select the Corporate Book in the Bookfield.

Accept the current date for the RetireDate or input a date from a priorperiod. The asset selected must havebeen added in a prior period.

Book: 200 _CORP_BK

Retire Date: Current Date

Prepare asset for Full Retirement




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15.04 FullRetirement/Assetscrapped

Tab into the Retirement Details zone.

To perform a Full Retirement input thetotal number of units in the UnitsRetired field or the Current Cost in theCost Retired field. Tab to the nextfield.

Pick a Retirement Type andinput any Sales Proceeds if the assetwas sold.

Click the Done button to execute theRetirement.

Click the OK button to confirm.

Units Retired: 1Cost Retired: Defaults to EGP1,000

Retirement Type: SCRAPProceeds of Sale: 0.00

If units are chosen as the basis of theretirement, the cost retired willdefault to the full asset cost.

Status of the Retirement is Pending

Retirement is saved and you return tothe asset workbench.




15.06 InitiateRetirementTransaction


Select the Corporate Book in the Book

field.

Accept the current date for the RetireDate or input a date from a priorperiod. The asset selected must havebeen added in a prior period.

Book: 200 _CORP_BK

Retire Date: Current Date

Prepare asset for Full Retirement

15.07 Partial Retirement Tab into the Ret irement Detai ls zone.

Enter the partial Current Cost to retirein the Cost Retired field. Tab to thenext field.

Choose Retirement Type,Proceeds ofSale, and Cost of Removal.

Click the Done button to execute theRetirement.



Units Retired: 0Cost Retired: 500

Retirement Type: SaleProceeds of Sale: 600Cost of Removal: 50

Part of the Asset is sold withassociated costs.

Status of the Retirement is Pending

Retirement is saved and you return tothe asset workbench.

A retired asset may be Reinstated

before or after running Gain/Loss ormonth-end Depreciation. In theRetirements screen re-query theretirement you wish to undo. BeforeGain/Loss or Depreciation is run thebutton is Undo Retirement. AfterGain/Loss or Depreciation is run thebutton is Reinstate. This will beexecuted later in this Demo Script.




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15.08 Run the CalculateGains and Lossesprogram

Navigate: Depreciation CalculateGains & Losses

Run the Calculate Gains and Lossesprogram.Input the Corporate Book name, thecurrent period will default.

Click the OK button


Click the OK button


The system will calculate gains andlosses for retired assets correctly.

The Calculate Gains and Lossesprogram will execute a Retirementsexecution report which displays the# of successes and failures.

The Asset Retirements Report willdisplay the retirement relatedinformation for the asset retired instep 14.01.

Calculate Gains and Losses should berun periodically through the periodto process retirement transactions.This will improve performance ofclosing processes for Fixed Assets.

15.09 Verify Successfulrun of CalculateGains and Losses

Choose View, Requests from theapplication menu.

Click the Find button.

Select the Calculate Gains and Lossesconcurrent request and click the Viewoutput button to review the results.

Close Report Window

Request is successful.




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15.10 Run AssetRetirementsReport

Click the Submit a new Requestbutton

Choose sSingle Rrequest,

Click the OK button

Choose the Asset RetirementsReport from the Name LOV

Enter report parameters.

Click the OK button to acceptparameters.


Click the OK button

Click the Refresh button

Put your cursor on the AssetRetirements Report and click theView Output button.

Verify the Retirements results

Close the report window (X)


Parameters:Book: 200 _CORP_BKFrom Period: Prior PeriodTo Period: Current Period

Submit Asset Retirements report

Verify the Retirements

15.11 Find Assets toReinstate


In the Find Assets window, enter theAsset Description to search.

Click the Find button Description: RETASSET1

Reinstate Assets




15.13 Reinstate aRetired Asset


Query the Retirement record.(CTRL)(F11) Retire Date: Current Date

Prepare asset for Reinstatement

Note Status of the Retirement isProcessed




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15.14 Reinstate Asset Click the Reinstate button

Click the OK button to confirm youwant to reinstate this asset.

Choose File, Close Form from theApplications Menu to close the

window.

Reinstate button reinstates the asset.

A retired asset may be Reinstatedbefore or after running Gain/Loss ormonth-end Depreciation. In theRetirements screen re-query theretirement you wish to undo. Before

Gain/Loss or Depreciation is run thebutton is Undo Retirement. AfterGain/Loss or Depreciation is run thebutton is Reinstate.

15.15 Retire multipleassets using MassRetirements

Navigate: Mass TransactionsRetirements Create and Reinstate

In the Mass Retirements form, Selectthe Asset Book that the assets belongto.

Accept the current date as thetransaction date or input a date from aprior period.

Choose a retirement type and inputany sales proceeds.

Optionally, input a comment as towhy these assets are being retired.

Choose the assets to be retired fromamong the following criteria: Depreciation expense account Location Employee Asset Category Asset Key Asset Cost

Asset Numbers

Dates in Service

You may enter a value in more thanone field to help narrow yourselection.

Book: 200 _CORP_BK

Retire Date: (last day of currentperiod defaults)

Retirement Type: Extraordinary

Comment: Mass Retirement ofMRETASSET1 and MRETASSET2

Asset Numbers: ChooseMRETASSET1 throughMRETASSET2 using the Asset

number range.

Mass Retirements form is displayed




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15.16 Create MassRetirement

Choose Create button


Click the OK button

Requery Mass Transaction.

Enter Query (F11)

Enter Mass Transaction Number

Execute Query (CTRL)(F11)

Click Retire button


Click the OK button

This will run the Post MassRetirements program and the Mass

Retirements Report.

At this point the status of thetransaction is Completed.

Requery Mass Transaction.

Enter Query (F11)

Enter Mass Transaction Number

Execute Query (CTRL)(F11)

Verify Status is completed.

Write down the Mass TransactionNumber.

Mass Transaction is complete.





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15.17 Verify Successfulrun of MassRetirements



Select the Mass Retirements Reportconcurrent request and click the View

output button to review the results.

Close the reports window (X)


Choose File, Close Form from theApplications Menu to close the MassRetirements form.

Request is successful.

Review the Mass RetirementsReport to confirm the assets retired.

Review the Post Mass Retirements

and Mass Retirements reports.

15.18 Reinstate MassRetired Assets

Mass retired assets may Reinstatedbefore or after running Gain/Loss ormonth-end Depreciation.

Mass Transactions RetirementsCreate and Reinstate

In the Mass Retirements screen re-query the Mass Retirement you wishto undo.

Enter Query [F11]

Enter the Mass Transaction Numberfrom step 15.16


Click the Undo, Reinstate or Discardbutton.

Click the OK button

Choose File, Close Form from theApplications Menu to close the MassRetirements form.

Status of the Mass RetirementsTransaction has changed fromCompleted to Reinstated.




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15.19 Perform SourceLine Retirement



Click the Find buttonHighlight the record for the Asset.

Asset Number: Asset Numberfrom Asset #5 created in step 03.01in Receipt to Assets Demo Script.Description: SLRETASSET

Asset Workbench Find Assetswindow is displayed.

15.20 Review SourceLines and SelectLine forRetirement.

Click on the Source Lines button

Click the checkbox next to the InvoiceSGI1220.

Click the Retire button

Select the Book

Enter the Retire Date


Click the OK button to confirm


Book: 200 _CORP_BK

Retire Date: Todays Date

Source Lines window is displayed.All sources of the assets cost aredisplayed.

Select Source line to set forretirement.

Source Line is Retired.

The results of the retirement can beseen in the Asset Retirements reportsand during the close process.

Business Process: Business Flow: Assets to Depreciation Summary Process: Fixed Asset Management




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Estimate FutureDepreciation Expense(FM1904)

Event: Description:

Exception business process not included in Business Flow, but included in Comprehensive Business Model.



16.00 Run DepreciationProjections

Navigate: Depreciation Projections

Open the Depreciation Projectionsform

The Depreciation Projections formwill open.

16.01 Enter ProjectionParameters

In the Depreciation Projections form,

Select the Projection Calendar,Number of Periods, Starting Period,Book and level of Report Detail.

Projection Calendar: STDMONTHNumber of Periods: 3Starting Period: (current period)MON-YRBook: 200 _CORP_BK

Report Detail: Asset

The user will be able to inputprojection calendar, number ofperiods, starting period, book andtype of report detail.

16.02 Execute theDepreciationProjection


Click the OK button


The system will calculatedepreciation projections for the bookspecified.

16.03 ViewDepreciationProjection



Select the FA Projections Report.

Click the View Output button.

Close the Report window (X)


Review Depreciation ProjectionReport

Check report for reasonableness.




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Business Process:

Calculate AssetDepreciation (FM0480)


Event: Description: The Depreciation process is actually part of the period closing process for Oracle Assets. You may rundepreciation without closing the current period and that is what is shown here in the section of this test script.

This allows the FA users to review the results and verify that all is well before closing.

Depreciation may be rolled back to make corrections and other transactions prior to closing.



17.01 Run Depreciation,if it has not beenrun already, up tothe currentperiod.

Navigate: Depreciation RunDepreciation

Select Book LOV

Select Period LOV

DO NOT CHECK THE CLOSEPERIOD CHECKBOX!


Click the OK button

Click the Ok button

Note: You will be unable to entertransactions while Depreciation isrunning.

Verify successful completion

Book LOV: 200 _CORP_BKPeriod LOV: (current open periodwill default)

DO NOT CHECK THE CLOSEPERIOD CHECKBOX!

The system will run 4 programs:

Generate Accounts, Calculate Gains/Losses,Depreciation Run,

Journal Entry Reserve Ledger Report.




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17.02 ViewDepreciationresults.

Choose View, Requests from theapplications menu.


Select theJournal Entry ReserveLedger Report

Click the View Output to verifydepreciation.

Verify that all Depreciation processescomplete without error.

Close windows (X)

Process will complete without error.

17.03 RollbackDepreciation

Navigate: Depreciation RollbackDepreciation

Enter Depreciation Rollbackparameters:

Click the OK button


Click the OK button

After reviewing the preliminarydepreciation report if any updates arerequired you must first run theRollback Depreciation program.

After the program completes you canmake any updates and then re-rundepreciation.

Rollback Parameters:Book: 200 _CORP_BKPeriod: Current Period

Rollback Depreciation completessuccessfully

17.04 Final Depreciationand Period

Closing

Final Depreciation and period closing forOracle Assets is part of the Demo Script

Period End Close to Financial Reports.




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20 Test Specification - Period End Close Processing

Business Process:

Period End Close toFinancial Reports

Business Flow: Assets to Depreciation Summary Process: Period Close Processes

Event: Description: You must complete Fixed Asset Closing procedures in the Demo Script Period End Close to Financial Reportsbefore continuing with Asset Management. All functions after this point require the closing of the Corporate book for thecurrent period, which is performed in the Demo Script Period End Close to Financial Reports.




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30 Test Specifications - Post Closing Fixed Asset Management

Business Process:

Report Property Tax(FM1912)


Event: Description:



30.00 SelectResponsibility

Select Fixed Asset ManagerResponsibility

Fixed Asset Manager menu opens

30.01 Run ExpensedProperty Report

Choose View, Requests from theApplication menu

Click the Submit a New Requestbutton

Choose Single Request

Click the OK button

Run the following reports:Expensed Property Report

Enter Parameters


Click the OK button

Expensed Property Report


The Expensed Property report will displayall property that is expensed.



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Demo Script



30.02 Run Non-DepreciatingProperty Report


Click the Submit a New Requestbutton


Click the OK button

Run the following reports:Non-Depreciating Property Report

Enter Parameters


Click the OK button

Non-Depreciating Property Report


The Non-Depreciating Property report willdisplay all property that is notdepreciating.

30.03 Run Retired Assetwithout PropertyClasses Report


Click the Submit a New Request

button


Click the OK button

Run the following reports:Retired Assets without PropertyClasses Report

Enter Parameters


Click the OK button

Retired Assets without PropertyClasses ReportParameters:

Book: 200 _CORP_BKFrom Period: (current period)To Period: (current period)

The Retired Assets without propertyclasses report completes successfully.

Reports will provide information requiredfor filing Property Tax. Note that for thisreport to be populated, the item should beretired and be missing a property class type(e.g. 1245 or 1250) in the Asset Detailswindow.

30.04 File Property Tax Manual, off-line process.

Use the information gathered above tofile your Property Tax Returns.

Property Tax Returns are filed.

11 5 10 SE EG v1 010 Test Specification Asset Management30 Test Specifications Post Closing Fixed Asset Management30 Test Specifications Post Closing Fixed Asset Management30 Test SpecificationSpecifications Post


Documents

12899445 Se Eg Assets to Depreciation Demo Script