Overview of Course

The R12.x Oracle Asset Management Fundamentals course teaches you how to set up, use, and maintain the Asset Management module in Oracle E-Business Suite. This course is ideal for professionals who want to improve their asset management skills and gain hands-on experience in managing fixed assets using Oracle.

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Course Highlights

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Asset Book Setup and Management

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Asset Additions, Transfers, and Retirements

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Depreciation and Reclassification




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Skills You’ll Learn

#1

How to manage fixed assets using Oracle E-Business Suite

#2

How to set up asset books, add, transfer and retire assets

#3

How to calculate depreciation and reclassify assets

#4

How to maintain and insure assets

#5

How to generate asset reports and inquiries

Training Options

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1-on-1 Training

USD 1350 / INR 110000
  • Option Item Access to live online classes
  • Option Item Flexible schedule including weekends
  • Option Item Hands-on exercises with virtual labs
  • Option Item Session recordings and learning courseware included
  • Option Item 24X7 learner support and assistance
  • Option Item Book a free demo before you commit!
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Corporate Training

On Request
  • Option Item Everything in 1-on-1 Training plus
  • Option Item Custom Curriculum
  • Option Item Extended access to virtual labs
  • Option Item Detailed reporting of every candidate
  • Option Item Projects and assessments
  • Option Item Consulting Support
  • Option Item Training aligned to business outcomes
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Course Reviews

Curriculum

  • 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 Accounting
  • 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
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Description

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Target Audience:

  • Accounting and Finance Professionals
  • Asset Management Professionals
  • Oracle E-Business Suite End Users
  • IT Professionals
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Prerequisite:

  • Basic understanding of Oracle E-Business Suite
  • Basic accounting knowledge
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Benefits of the course:

  • Gain expertise in managing fixed assets using Oracle E-Business Suite
  • Enhance your career prospects with a valuable skillset
  • Hands-on experience in working with Asset Management module
  • Interactive training with experienced instructors
  • Course completion certificate from Skillzcafe
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Exam details to pass the course:

  • There is no exam to pass this course.
  • However, participants are required to complete all the course modules and attend all the sessions to receive a course completion certificate.
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Certification path:

  • To become an Oracle Certified Associate (OCA) in Oracle E-Business Suite Financials, you need to pass the Oracle Asset Management Fundamentals exam (1Z0-521).
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Career options:

  • Oracle E-Business Suite Asset Management Consultant
  • Fixed Asset Accountant
  • Asset Management Analyst

Why should you take this course from Skillzcafe:

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Why should you take this course from Skillzcafe:
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  • Bullet Icon Hands-on training with real-world scenarios
  • Bullet Icon Flexible learning options
  • Bullet Icon Affordable course fees

FAQs

The R12.x Oracle Asset Management Fundamentals course is a 4-day program.

Yes, this course is available online with instructor-led training sessions.

No, all the software required for this course will be provided by Skillzcafe.

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