Oracle Assets

Define Location Values Sets

N: FAà Setupà Financialsà Flex Fieldsà Keyà Validationsà Sets

Country Value Sets

State Value Set

City Value Sets

Building Value Set

Define Category Flex Fields

N: FAà Setupà Financialsà Flex Fieldsà Keyà Validationsà Sets

Major Category

Minor Category

Define Asset Key Value Set

N: FAà Setupà Financialsà Flex Fieldsà Keyà Validationsà Sets

Asset Key Value Set

Save and Close

Define Location Flex Field Segments

N: FAà Setupà Financialsà Flex Fieldsà Keyà Segments

Give the Structures Name and Click on Segments

Enter the Segments

Place the Cursor State and Click on Flex Field Qualifiers then Enable the Check box State Segment

Enable the Check Box Allow Dynamic Inserts and Freeze Flex Field Definition then Click on Compile the Structures

Define Category Flex field

N: FAà Setupà Financialsà Flex Fieldsà Keyà Segments

Give the Structures Name and Click on Segments

Enter the Segments

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Click on Flex Field Qualifiers, Place the Cursor in Major Category then Click on Flex Field Qualifier and Enable the Major Category

Click on Flex Field Qualifiers, Place the Cursor in Minor Category then Click on Flex Field Qualifier and Enable the Minor Category

Save and Close

Enable the Freeze Flex Field Definition and Click on Compile the Structures

Define Asset Key Flex Field

N: FAà Setupà Financialsà Flex Fieldsà Keyà Segments

Give the Structures Name and Click on Segments

Enter the Segments

Enable the Check Box Allow Dynamic Inserts and Freeze Flex Fields Definition then Click on Compile the Structures

Save and Close

Define Segment Values

Location Flex Field Segment Values

N: FAà Setupà Financialsà Flex Fieldà Keyà Values

Country

State

City

Category Flex Field Segment Values

N: FAà Setupà Financialsà Flex Fieldà Keyà Values

Major Category

Minor Category

Land & Buildings Minor Category

Define Asset Key Segment Values

N: FAà Setupà Financialsà Flex Fieldà Keyà Values

Save and Close

Define System Controls

N: FAà Setupà Asset Systemà System Controls

Save and Close

Define Fiscal Years

N: FAà Setupà Asset Systemà Fiscal Years

Give the Fiscal Year Name

Save and Close

Define Calendars

N: FAà Setupà Asset Systemà Calendars

Give the Calendar Name

Save and Close

Define Prorate Conventions

N: FAà Setupà Asset Systemà Prorate Conventions

Save and Close

Define Book Controls

N: FAà Setupà Asset Systemà Book Controls

Give the Corporate Book Name

Calendar Tab

Accounting Rules

Natural Accounts Tab

Define Asset Categories

N: FAà Setupà Asset Systemà Asset Categories

Give the Major Category and Minor category

Enter the General Ledger Accounts 

Enter the Default Rules

Save and close

Define Quick Codes

N: FAà Setupà Asset Systemà Quick Codes

Save and Close

Define Depreciation Method

N: FAà Setupà Depreciationà Methods

Give the Depreciation Method Name

Click on Rates

Save and Close

Asset Register

N: Assetsà Asset Workbench

Click on Quick Additions

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Enter the Quick Additions Details and Click on Done

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Click on OK

Adding the Assets through Mass Additions

Raise the Purchase Order

The Items Should Be an Expense Items (Mandatory)

Query the Item goes to Inventory Tab and Disable the Check Box Inventory Item

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Save and Close

Raise the Purchase Order

N: Purchasingà Purchase Order à Purchase Order

Click on Shipments

Enter the Distributions

Save and Close

Approve the Purchase Order

Receiving the Item

N: Receivingà Receipts

Select the Purchase Order Number and Click on Find

Click on Express and Select the Destination Type as Receiving

Receiving Transaction

N: Receivingà Receiving Transaction

Select the Purchase Order Number and Click on Find

Click on Express

Save and Close

Go to ViewàRequestà Find

Find the Payables Open Interface Invoice

Out Put

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Go to Payable Super User Responsibility

Query with the ERS% Invoice

Click on Distribution and Click on Folderà Show Field and Select “Track as Asset” and Enable that Check Box

Click on Actions

Enable the Check Box Validate and Force Approval

Click on Actions

Enable the Check Box Create accounting and select the Radio Button Final

Go to Reportsà View Accounting

Click on Actions

Enable the Check Box Pay in Full

Enter Payment Details

Click on Actions

Enable the Check Box Create accounting and select the Radio Button Final

Accounting Entry Will Be Created

Payment Entry

Run the Request Transfer Journal Entries to GL

Go to Viewà Requestà Submit a New Request

Transfer Journal Entries to GL

Give the Parameters

Run the Request Mass Additions Create

N: Viewà Requestà Submit a New Request

Give the Parameters

Submit the Request

Go to Fixed Assets Super User Responsibility

N: FAà Mass Additionsà Prepare Mass additions

Select the Corporate Book Name and Click on Find

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Click on Open

Source Tab

Asset Details Tab

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If it is required for Depreciation then we need to do Capitalize CIP Assets

Define Assets Categories

Enter the Major Category and Minor Category

Disable the Check Box Capitalize and Enter the General Ledger Accounts

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Save and Close

Post the Assets

N: FAà Mass Additionsà Prepare Mass Additions

Give the Corporate Book Name and Click on Find

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Click on Open

Change Queue Status is Post, Enter the Major Category & Minor Category and Give the Expense Account and Locations

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Click on Done

Post Mass Additions

N: FAà Mass Additionsà Post Mass Additions

Give the Parameters as Corporate Book Name

Click on OK

Submit the Request

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Go to Mass Additionsà Prepare Mass Additions, Give the Corporate Book Name and Find the Asset as Been Posted Status

Capitalize Asset

Go to Payables Super User and Raise the Invoice

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Give the Distribution Account is Asset Clearing

Click on Actions, Enable the Check Box Validate and Force Approval

Click on Actions, Enable the Check Box Create Accounting and Select the Radio Button as Final

Accounting Entries

Click on Actions, Enable the Check Box Pay in Full

Enter the Payment Details

Click on Actions, Enable the Check Box Create Accounting and Select the Radio Button as Final

Accounting Entries

Save and Close

Run the Request Transfer General Ledger to GL

N: Viewà Requestà Submit a New Request

Select the Request Name as Transfer Journal Entries to GL

Enter the Parameters

Submit the Request

Run the Request “Mass Additions Create”

N: Viewà Requestà Submit a New Request

Select the Request Name as Mass Additions Create

Submit a Request

GO to Fixed Assets Super User

N: FAàMass Additionsà Prepare Mass Additions

Give the Corporate Book Name and Click on Find

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Click on Open

Change the Queue Status from New to Post

Select the Major Category & Minor Category and Give the Expense Account & Location

Click on Done

Post Mass Additions

N: FAà Mass Additionsà Post Mass Additions

Give the Parameter as Corporate Book and Submit the Request

Complete the Request

Give the Corporate Book Name and Click on Find

Check the Queue Status from Post to Posted

CIP Asset

Go to Payables Super User, Raise the Invoices

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Give the Distribution Line Item

Save and Close

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Click on Actions

Enable the Check Box Validate and Force Approval

Click on Actions, Enable the Check Box Create Accounting and select the Radio Button as Final

Accounting Entries Will Be Created

Journal Entry

Save and Close

Click on Actions; Enable the Check Box Pay in Full

Enter the Payments Details

Click on Actions, Enable the Check Box Create Accounting and Select Radio Button as Final

Accounting Entry Will Be Created

Journal Entry

Run the Request Transfer General Ledger to GL

N: Viewà Requestà Submit a New Request

Select the Request Name as Transfer Journal Entries to GL

Enter the Parameters

Submit the Request

Run the Request “Mass Additions Create”

N: Viewà Requestà Submit a New Request

Select the Request Name as Mass Additions Create

Submit a Request

GO to Fixed Assets Super User

N: FAàMass Additionsà Prepare Mass Additions

Give the Corporate Book Name and Click on Find

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Click on Open

Change Queue Status From New to Post, Give the Major Category & Minor Category, Give the Expense Account and Give the Location

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Click on Done

Post Mass Additions

N: FAà Mass Additionsà Post Mass Additions

Give the Parameter as Corporate Book and Submit the Request

Complete the Request

Find the Asset Status

Go to Mass Additionsà Post Mass Additions

Give the Corporate Book Name and Click on Find

Queue Status as Been Changed From Post to Posted

Run Depreciation

N: FAà Depreciationà Run Depreciation

Click on Run

Complete the Request

Run the Request Transfer Journal Entries to GL

N: FAà Create Accounting

Select the Request Name as Create Accounting- Assets

Enter the Parameters

Click on ok

Submit the Request