Oracle Assets - FA SIG Oct 2006

Transcription

1

2 <Insert Picture Here> Oracle Assets - FA SIG Oct 2006 Somasundar Viswapathy Product Manager

3 The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle s products remains at the sole discretion of Oracle.

4 Oracle Assets Release 12 Overview

5 Agenda Summary of New/Changed FA Features Detailed Description of Each Feature Feature and Benefits Demonstration Implementation Considerations Customization and Extensibility Options Integration Considerations Upgrade Considerations Wrap Up/Q&A

6 New and Changed Features for Assets in R12 Process Efficiency 1)Enhanced Mass Additions for Legacy conversions 2)Automatic Preparation of Mass Additions 3)Automatic Depreciation Rollback Flexible Reporting 4)Reporting using XML publisher Flexible Accounting 5)Uptake of Subledger Accounting Architecture

7 New and Changed Features for Assets in R12 (Continued) Industry specific Enhancement 6) Enhanced Functionality for Energy Industry

8 Enhanced Mass Additions for Legacy conversions

9 Enhanced Mass Additions for Legacy conversions New Attributes added to the Interface table FA_MASS_ADDITIONS : Asset life, Depreciation method, Prorate convention, Bonus rule Ceiling name, Depreciation limit etc. WebAdi has been enhanced to provide the additional attributes

10 Enhanced Mass Additions for Legacy conversions In the past customers had to override the values that defaulted from Asset Category.

11 Enhanced Mass Additions for Legacy conversions New attributes WebAdi has been enhanced to include the additional Columns

12 Enhanced Mass Additions for Legacy conversions Demonstration

13 Enhanced Mass Additions for Legacy conversions Demonstration Scenario Add an asset with depreciation method different from that of the Asset Category

14 Enhanced Mass Additions for Legacy conversions Implementation Considerations WebAdi Define Layout and Create Mapping have these additional columns that can be set up during implementation

15 Automatic Preparation of Mass Additions

16 Automatic Preparation of 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

17 Automatic Preparation of Mass Additions Setup - Quickcode Rules to Prepare Mass Additions Use Default Use Custom or Use Custom Energy

18 Automatic Preparation of Mass Additions Setup Quickcode Rules to Prepare Mass Additions Value Use Default Use Custom Use Custom Energy Description The Asset Category is derived based on the Asset Clearing Account if there is a one to one match in the Asset Category setup. The Expense account is derived based on the Clearing Account by replacing the natural account segment from the Asset Category. The Prepare Mass Additions program will use the custom logic coded in the Public API FA_MASSADD_PREPARE_PKG Energy industry specific custom rule.

19 Automatic Preparation of Mass Additions Demonstration

20 Automatic Preparation of Mass Additions Demonstration Scenarios Set Up Rules Interface Mass Addition Lines Run the Prepare Mass Additions program Verify Mass Additions data Post Mass Additions

21 Automatic Preparation of Mass Additions Implementation Considerations Setup Quickcodes Code custom logic in the FA_MASSADD_PREP_CUSTOM_PKG.prepare_attributes package

22 Automatic Depreciation Rollback

23 Automatic Depreciation Rollback Depreciation is rolled back automatically by the system when any transaction is performed on an asset if the following conditions are met: Depreciation has been processed in that period and The period is not closed Rollback Depreciation program is obsolete

24 Automatic Depreciation Rollback Demonstration

25 Reporting using XML publisher

26 Reporting using XML publisher Major Asset Transaction reports have been modified to support XML publisher. Customers can modify or use new templates to view report Customers can modify or use new templates to view report output.

27 Reporting using XML publisher XML reporting is available for major Asset Transaction reports: 1. Asset Transfers Report 2. Transaction History Report 3. Asset Reclassification Report 4. Mass Additions Create Report 5. Cost Adjustment Report 6. Cost Summary Report 7. CIP Summary Report 8. Reserve Summary 9. Journal Entry Reserve Ledger 10. Asset Additions Report 11. CIP Capitalization Report 12. Mass Additions Posting 13. Asset Retirements

28 Reporting using XML publisher Set the Output Format to XML

29 Reporting using XML publisher Process Text output Text Output

30 Reporting using XML publisher Process XML output XML Output

31 Reporting using XML publisher Demonstration

32 Uptake of Subledger Accounting

33 Uptake of Subledger Accounting SLA Oracle Assets is fully integrated with SLA, which is a common accounting platform for Sub Ledgers. Customers can use the seeded Account Derivation definitions or modify them as required. Continue to support Account Generator functionality for existing Asset Books. New SLA Accounting report and online account inquiry.

34 Uptake of Subledger Accounting Integration Considerations The FA: Include Nonrecoverable Tax in Mass Addition profile option is obsolete. This has been replaced by Post Accounting Programs under Subledger Accounting. These programs manage the setup for all eligible lines from Payables to Assets for the Mass Additions Create program.

35 Enhanced Functionality for Energy Industry

36 Enhanced Functionality for Energy Industry 1) Energy Units of Production Method for Group Assets Allow Production method for Group Assets Allow Production upload to Group Assets Net Book Value x (Production for the Period / Net Remaining Production Capacity) Net Remaining Production Capacity = Total Capacity Production used to date

37 Enhanced Functionality for Energy Industry 2) Energy Straight line Method Net Book Value / Remaining Life

38 Global Considerations Global Descriptive Flexfield Migration for Greece Information stored in descriptive flexfields for Greece - Commitment and Investment law are upgraded to named fields in the Asset Workbench.

39 Wrap Up/ Q&A

40 Thank You