Master Oracle R12.2 Asset Management Fundamentals for Maximum Proficiency

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R12.2 Oracle Asset Management Fundamentals Course Overview


R12.2 Oracle Asset Management Fundamentals is a course designed to provide users with the knowledge and skills to effectively use Oracle’s E-Business Suite Asset Management module. This module allows organizations to track, depreciate, and report on assets in a secure and centralized manner. The course covers topics such as setting up the Asset Accounting module, creating asset books, tagging assets, depreciating assets, calculating asset and status reports, and much more.
The course is aimed at helping users gain a better understanding of the Oracle Asset Management module and increasing their productivity in working with Oracle’s asset data. It is ideal for users who are new to the module and require guidance in setting it up, as well as for experienced users who want to upgrade their asset management skills.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

The 1-on-1 Advantage
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Flexible Dates

  • • Choose Start Date
  • • Reschedule After Booking
  • • Weekend / Evening Option
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4-Hour Sessions

Destination Training
(Dubai/London/Sydney
New York/Delhi/Goa
Singapore)

Flexi
(On Demand Videos)

You will learn:

Module 1: Overview of Oracle Asset Management
  • E-Business Suite Integration
  • Implementation Considerations for Oracle Financials
  • Oracle Assets Setup Steps
  • Implementing Oracle Assets
  • Adding Assets Manually
  • Mass Asset Additions
  • Acquire and Build CIP Assets
  • Reconciling Data in Oracle Assets
  • Oracle Assets Setup Steps
  • Setup Steps Flow
  • Setting Up Key Flexfields
  • Location Key Flexfield
  • Creating Key Flexfield Combinations
  • Specifying System Controls
  • Setting Up Asset Calendars
  • Maintaining an Audit Trail
  • Asset Books Regions
  • Calendar Region
  • Accounting Rules Region
  • Organizations and Security by Book
  • Security by Book Setup Steps
  • Troubleshooting Security by Book
  • Implementation Considerations for Security by Book
  • Asset Categories Positioning
  • Asset Categories Regions
  • Asset Categories Setup
  • Asset Life Cycle
  • Adding Assets Manually
  • Detailed Asset Additions
  • Asset Cost Terminology
  • Accumulated Depreciation Considerations
  • Manual Asset Additions Journal Entries
  • Group Depreciation
  • Set Up Group Assets
  • Mass Asset Additions Process
  • Using the Mass Additions Interface Table
  • Tracking Expensed Items in Oracle Assets
  • Changing Asset Information
  • Accounting for Cost Adjustments
  • Purge Mass Additions
  • Creating Assets Using Web ADI
  • Adding and Capitalizing a CIP Asset
  • Acquire and Build CIP Assets
  • Automatically Adding CIP Assets to Tax Books
  • Modifying the Cost of CIP Assets
  • Recording a CIP Asset Addition
  • Capitalizing a CIP Asset
  • Reversing a Capitalized Asset
  • CIP Assets and Oracle Projects
  • Single Asset Reclassification
  • Mass Reclassification
  • Inheriting Depreciation Rules
  • Choosing to Expense or Amortize Depreciation Adjustments
  • Amortizing Adjustments Using a Retroactive Start Date
  • Asset Revaluation
  • Performing Physical Inventory
  • Physical Inventory Reconciliation
  • Elements of Depreciation
  • Depreciation Setup Areas
  • Basic Depreciation Calculation
  • Depreciation Methods
  • Entering Production Information
  • Prorate Conventions
  • Run Depreciation Process
  • Depreciation Forecasts
  • Tracking Asset Retirements
  • Overview of Retiring an Asset
  • Restrictions on Retirements and Reinstatements
  • Reinstating Retired Assets
  • Retirement Processing Flow
  • Recording Retirements
  • Retirement Reports
  • Calculating Gains and Losses
  • Setting Up Asset Accountin
  • Oracle Subledger Accounting
  • Assets Journal Entries Flow
  • Reconciling Data in Oracle Assets
  • Generating Reports to Reconcile to the General Ledger
  • Reconciling Asset Cost Accounts
  • Reconciling Mass Additions
  • Viewing Asset Information Online
  • Types of Asset Inquiries
  • Asset Inquiry Options
  • iAssets Search for Assets
  • iAssets Setup Steps
  • iAssets Setup Steps-Rules
  • iAssets Setup Steps-Profile Options
  • Oracle Assets Reporting
  • Creating a Tax Book
  • Prerequisites for Setting Up Tax Book Asset Categories
  • Entering Information in Tax Books
  • Updating a Tax Book Manually
  • Tax Book Upload Interface
  • Deferred Depreciation
  • Adjusting Accumulated Depreciation
  • General Tax Reports
Live Online Training (Duration : 32 Hours) Fee On Request
We Offer :
  • 1-on-1 Public - Select your own start date. Other students can be merged.
  • 1-on-1 Private - Select your own start date. You will be the only student in the class.

4 Hours
8 Hours
Week Days
Weekend

Start Time : At any time

12 AM
12 PM

1-On-1 Training is Guaranteed to Run (GTR)
Group Training
Date On Request
Course Prerequisites

There are no specific prerequisites for this course. However, prior knowledge in the areas of asset management and accounting will be beneficial.

Target Audience


The audience for Oracle Asset Management Fundamentals R12
2 training would include individuals who have some familiarity with finance operations and/or enterprise asset management concepts, but need to gain an understanding of the Oracle R12
2 system
The target audience will likely include finance operations staff, asset managers, system administrators, and IT professionals
The training focuses on basic concepts, operational workflows, and system differences between R11i and the new R12
2 version
Individuals who are responsible for day-to-day asset management and system maintenance, such as asset custodians, IT security professionals, and financial report preparers can all benefit from the training
These professionals will have an understanding of the system’s financial/accounting control features and its capability to capture data for other disparate systems
Learning this users of the system can gain insight into how to best utilize the system both as an asset management and financial tool

Learning Objectives of R12.2 Oracle Asset Management Fundamentals


1. Understand the basic concepts of Oracle Asset Management in R12.2, such as Assets, Books, Primary Cost, Depreciation and Financing.
2. Learn how to define and set up an asset, such as classification codes and asset categories.
3. Understand how to utilize the asset information in life cycles, from preparation and management, to retirement and disposal.
4. Create books for management, investigate asset cost variances, and understand the different methods of depreciation.
5. Setup special setups for depreciation; transfer assets between books and records; and setting up Asset Key Flexfields.
6. Determine how to track and monitor fixed assets within the system; recognize, define, and track all the costs that an asset incurs, and explore the different types of financing available for assets.
7. Get knowledge of defining and setting up Mass Additions and Assets Revaluations; analyzing capitalization; tracking asset movement; and understanding asset information reporting.
8. Analyze capital appropriations; setup Asset Balancing Segment parameters; create and view asset reports; understand common asset management transactions; and learning how to retire assets.

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Q1 Say something about the Trainer? Q2 How is Koenig different from other training Companies? Q3 Will you come back to Koenig for training ?
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United States
A1. Yes, she was very clear & a strong mastery of both English & Azure platforms hence following was easy. She was also patient and was answering every question asked, she also shared material & tips on how to pass the exam, Well done, and keep it up.
Nick Barker
United States
A1. Calm and understanding, she not only kept the course running well but also took time to help those with lots of questions. Very well done.
Robin Johnson
United States
A2. Individual attention during training, excellent customer service and coordination. Neha has been ever so helpful and is definitely an asset to Koenig.
Shivani Prasad
United States
A1. The trainer was great and his teaching methods were incredible. He used different teaching methods to ensure I was learning well. A fun trainer with lots of patience and understanding.
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A1. The trainer was very knowledgeable and well prepared about the presentation/training subject, with a positive attitude towards students and making every effort in answering questions during the training session. Top-notch service!
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A1. Exceptional... recommend to everyone!
Shyam Vaddakapett
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A1. My trainer, Mohit Kakkar was excellent as he focused on hands-on assignments to supplement the concepts of AZ 900. The training coordinator Jasmeet as well as the ops manager Sheshadri are also very professional and customer-centric. I recommend Koenig for training courses, and I will take some more courses with them soon.
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Abdulrahman Saad Alshahrani
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