Wednesday, September 9, 2015

Oracle Asset Standard Features Differences between 11i and R12

Sl
Standard Features
11i
R12
1
Fixed Assets tied with SLA(Sub Ledger accounting)
Limited integration.

• 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.


What you will notice create Journal Entries (FAPOST) process feeding into the GL_INTERFACE table is no more exist
This is replaced with the Create Accounting รข€“ Assets process (FAACCPB).
2
Enhancements In FA_MASS_ADDITIONS Table.
Does Not exist.
As a result of new enhanced feature, we can populate the values for the new attributes directly in the FA Mass Additions interface table rather than accepting default values from the asset category. Legacy conversion can be completely automated.
Following are the new adds-on:
• Asset Life
• Depreciation Method
• Prorate Convention
• Bonus Rule Ceiling Name
• Depreciation Limit
3
New Automatic Preparation of Mass Additions
Does not exist.
• This new feature consists of default rules and Public APIs that can be used by customers to complete the preparation of mass addition lines automatically.
o Auto populate required fields such as Expense Account, Asset Category etc.
o Avoid manual intervention during the Mass Additions prepare process
o Avoid customization and use public APIs to effect custom business logic.
• Assets now uses Flexible Reporting using XML publisher
o Major Asset Transaction reports have been modified to support XML publisher.
o Users can modify or use new templates to view report output
4
Flexible Reporting into XML Publisher
Does not exist.
These asset reports have been converted in XML Publisher based reports:
• Create Accounting Assets
• Transfer Journal Entries to GL Assets
• Journal Entry Reserve ledger Report
• Asset Additions Report
• Asset Transfer Report
• Asset Retirement Report
• Transaction History Report
• Asset Reclassification Report
• Mass Additions Create Report
• Mass Additions Posting Report
• Cost Adjustment Report
• Cost Detail report
• Cost Summary Report
• Reserve summary Report
• Reserve Details Report
• Mass Revaluation Preview Report
• Revaluation Reserve Details Report
• Revaluation Reserve Summary Report
• CIP Capitalization report
• CIP Detail Report
• CIP Summary Report
5
Automatic Depreciation Rollback
Since release 11i, users have been able to run depreciation for an asset book without closing the period. If additional adjustments are required in the current period, then the user submits a process to roll back depreciation for the entire book, performs the necessary adjustment(s) and then resubmits the depreciation program.
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
• The period is not closed
In Release 12 the intermediate manual step of rolling back depreciation for the entire book in order to process further adjustments on selected assets is no longer necessary


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