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 AccountingUptake of Subledger Accounting ArchitectureFlexible Reporting

• Reporting using XML publisher

Enhanced Mass Additions

Mass Additions Process in 11i

Oracle Payables

OracleProjects

Legacy System

ADI

FA Mass Additions

Review Mass Additions

FA Asset Books Asset Category toDefault asset depreciationrules

R12 Enhanced Mass Additions

R12 New FeaturesNew 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

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

New columns added

Enhanced Mass Additions Legacy conversions

Automatic Depreciation Rollback

Roll Back Process in 11i

AssetBook

Run Depreciation

Rollback Depreciation for entireBook

Adjustment required for Asset

Create Adjustment

Run Depreciation

RollBack - R12 New Feature

AssetBook

Run Depreciation

Create Adjustment

Adjustment required for Asset

AutomaticRollback ofDepreciation 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 DefaultUse CustomUse 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

Year 1Acquisition of Rig

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

Group Asset

Year 4Repair/ Refurbishment$ 75,000Capacity: 9 million barrels

Year 2Repair/ Refurbishment$ 50,000Capacity: 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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