R12.x Oracle Asset Management Fundamentals

• Describe adjustment transactions and how to use the physical inventory feature

• Describe the Oracle Assets depreciation process

• Explain asset retirements and the proper recording of accounting transactions, including running the Calculate Gains and Losses program and reinstatements of retired assets

• Describe the asset financial information and transaction history inquiry process

• Describe the key asset management reports and explain the use of the different reporting tools, including Web ADI and XML Publisher

• Describe the tax accounting process, including creating a tax book, adding assets to the tax book using Initial Mass Copy and Periodic Mass Copy, and adding assets manually

• Identify the key implementation issues regarding Oracle Asset Management fundamental topics

• Describe the overall Asset Management process from setup through asset data flow to the General Ledger

• Describe the Oracle Assets setup steps

• Describe the three types of asset books – corporate, tax and budget; the setup options; and the use and process flow of the Security by Book feature

• Explain the Oracle Assets accounting process

• Identify the key functional areas that are part of Oracle Asset Management

• Explain how to define asset categories

• Discuss the requirements for adding assets manually, including the required fields, descriptive details, depreciation rules, and assignments

• Explain the mass additions process

• Explain how to add CIP assets manually, via mass additions and through Capital Projects

• End Users

• Functional Implementer