Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
D64879
Edition 1.0
March 2010
D59987GC10
Activity Guide
Practices
R12.x Oracle Asset
Management Fundamentals
Copyright 2008, 2010, Oracle and /or its affiliates All rights reserved.
Disclaimer
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Trademark Notice
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owners.
Author
Kathy Wohnoutka, Ruth Kukla, Jan Quist, JongSung Ahn, Chris Rudd, Som Viswapathy, Bruce
Table of Contents
Preface
Profile
Before You Begin This Course
Prerequisites
This is an instructor-led course featuring lecture and hands-on exercises. Online demonstrations
and written practice sessions reinforce the concepts and skills introduced.
Related Publications
Oracle Publications
Title Part Number
Oracle Assets User Guide E13586-03
Oracle iAssets User Guide E13435-02
Additional Publications
Read-me files
Oracle Magazine
Typographic Conventions
Typographic Conventions in Text
Convention Element Example
Bold italic Glossary term (if The algorithm inserts the new key.
there is a glossary)
Caps and Buttons, Click the Executable button.
lowercase check boxes, Select the Cant Delete Card check box.
triggers, Assign a When-Validate-Item trigger to the ORD block.
windows Open the Master Schedule window.
Courier new, Code output,
(N) Invoice > Entry > Invoice Batches Summary (M) Query > Find (B) Approve
1. (N) From the Navigator window, select Invoice then Entry then Invoice Batches
Summary.
Notations:
(N) = Navigator
(M) = Menu
(T) = Tab
(B) = Button
(I) = Icon
(H) = Hyperlink
1. In the navigation frame of the help system window, expand the General Ledger entry.
4. Review the Enter Journals topic that appears in the document frame of the help system
window.
x
Copyright Oracle, 2010. All rights reserved.
Activity Guide
Chapter 1 - Page 1
Chapter 1
Activity Guide
Chapter 1 - Page 2
Copyright Oracle, 2010. All rights reserved.
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Activity Guide
Chapter 1 - Page 3
Copyright Oracle, 2010. All rights reserved.
Release 12.x Oracle Asset Management Fundamentals
Activity Guide
Objectives
Chapter 1 - Page 4
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Setup
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Sign On to Oracle Applications
1. Sign on:
User Name = operations
Password = welcome
Field Value
User Name XXUSER
Password welcome (Tab, reenter to verify)
Person Pat Stock (Choose from the list of
values. This may be the last name
first or first name last depending on
the version of the form. Choose the
Pat Stock with pstock@vision.com
as the email address.
Add Responsibilities
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Responsibility Security
Assets, Vision Operations (USA) Standard
Assets, Vision Services (USA) Standard
Fixed Assets Manager Standard
Assets, Vision Project Mfg Standard
General Ledger, Vision Operations (USA) Standard
Payables, Vision Operations (USA) Standard
Projects, Vision Services (USA) Standard
Purchasing, Vision Operations (USA) Standard
6. (I) Save.
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Activity Guide
Asset Controls Setup
Chapter 1 - Page 8
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1. Use the Find icon to query the Key Flexfield -Assets-Category Flexfield.
Only one enabled flexfield structure is found (only one allowed per Oracle Assets
installation).
4. With the Major Category segment selected, click the Value Set button and note in the Value
Sets form that the Value Validation is Independent.
6. Select the Minor Category segment and click the Value Set button.
8. Click the Edit Information button to show the Dependent segment is linked to the
Independent segment and also requires a default value to be entered.
10. In the Segments Summary form, select the Major Category segment again and click the
Flexfield Qualifiers button. In the Flexfield Qualifiers form, note that the Major Category
segment is selected for the Major Category qualifier (no redundancy intended).
12. Back in the Segments Summary form, click the Open button.
13. Review the fields in the Segments form noting that the Major Category segment is Required.
15. If time permits, place the cursor back in the Application field and find the other two Oracle
Assets key flexfields.
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In the Segments form, note that the Required check box is not selected. It means that
entry of the Asset Key key flexfield is not required when adding an asset.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Create a New Value
1. Responsibility = Assets, Vision Operations
(N) Setup > Financials > Flexfields > Validation > Values:
Name = Vision FA Building
3. (B) Find.
5. (I) Save.
Enter a location
6. Navigate to the Locations window.
Location
USA-CA-LOS ANGELES-XXBLDG200
Note: Valid locations are either set up in advance or dynamic insertion is allowed to create
them as users choose new location combinations. It is FAR more common to set up valid
locations in advance. If valid location combinations are not set up in advance, you should set
up cross validation rules to prevent bad combinations of segment values.
8. (I) Save.
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All fields except the Enterprise Name field are not updatable. If this is a new installation,
all fields will allow entry but only the Enterprise Name and Oldest Date Placed in
Service allow update after the record is saved. The Oldest Date Placed in Service can be
The last number used is updated each time a new asset number is assigned by the
system.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Define QuickCodes
Note: You must FIRST query the Quickcode, and THEN add the value.
3. Save after entering each Quickcode, then repeat step 2 for the next value in the table.
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3. (I) Save.
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2. Create a full year calendar from the prior year through the current year.
3. (I) Save.
Warning: The period name must match the corresponding GL Calendar period name (this is
case-sensitive) or accounting will not transfer to the General Ledger.
Note: The start and end dates are validated against the fiscal year calendar.
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or
3. Review the returned Profile options noting which are updatable by the User and which the
Systems Administrator must maintain.
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4. Enter the Calculation Method to use for this asset insurance, either Value as New, Market
Value, or Manual Value.
5. If the asset is a Swiss specialcase asset, select the Special Swiss Asset check box.
6. In the Base Index Date field, enter the date that is used as the base date for indexation.
8. In the Base Insurance Value field, enter the base insurance value of the asset as defined in
the insurance policy.
9. If you chose the Manual Value calculation method or if your asset is flagged as a Swiss
specialcase asset, enter the current insurance value. Otherwise, this field displays the
current insurance value of the asset, calculated automatically.
10. In the Insured Amount field, enter the amount for which the asset is insured under that
policy.
11. In the Fixed Asset Insurance window, click the Lines button to display the insurance policy
line information.
12. In the Fixed Asset Insurance Policy Lines window, enter insurance policy information, such
as the insurance policy line number, the insurance category, and the hazard class.
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15. In the Fixed Asset Insurance window, click the Maintenance button.
16. In the Fixed Asset Insurance Policy Maintenance window, update any information that
needs to be changed.
18. Run the Insurance Calculation routine to show how it calculates the current insurance value
based on the index that you have used.
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Activity Guide
Asset Books
Chapter 1 - Page 19
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add a Company to the Operations Company Value Set
(N) Setup > Financials > Flexfields > Validation > Values > Select the Value Set Option
Name = Operations Company.
2. (B) Find.
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Setup > Financials > General Ledger > Accounting Setup Manager > Accounting Setups
7. In the search box enter: Vision Operations and click (B) Go.
9. Click on update balancing segment values for the Vision Operations legal entity Legal
12. Check the select box for your balancing value and click (B) Select.
13. Click (B) Apply. Make sure your balancing segment value has been added to the Vision
Operations legal entity.
14. Click on Home or Close Window to exit the Accounting Setup Manager.
Field Value
Book XXCORP BOOK
Description XXCORP BOOK
Class Corporate
Associated Corporate Book XXCORP BOOK
(Note: Use your initials for "XX". Remember every time you see "XXCORP BOOK" listed
in future labs, search "XX" as your initials.)
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Field Value
Ledger Vision Operations
Allow GL Posting Yes
Depreciation Calendar Monthly
Prorate Calendar Monthly
Current Period Dec-XX (use LAST
year)
Divide Depreciation Evenly
(use By Days if you are using a 4-4-5
Calendar)
Field Value
Allow Amortized Changes Selected
Allow Mass Changes Selected
Allow Revaluations Deselected
Allow Group Depreciation Selected
Field Account
Deferred Depreciation Reserve 2540
Deferred Depreciation Expense 7860
Depreciation Adjustment 1690
Account Generator Defaults XX-000-9999-0000-000
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7. (B) Books.
8. Verify that asset 100081 can be seen in both the OPS CORP and OPS FEDERAL books.
12. Query the assets again. You should be able to access the following books and assets:
Note: User operations has access to the books of Vision Operations and Vision Project Mfg.,
but cannot access the books of Vision Services. Optionally, view a financial information inquiry
for the assets.
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14. Search for assets assigned to both the OPS CORP and SVCS CORP books.
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Use the Security Profile window to link the Profiles to a position in the hierarchy.
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Activity Guide
Asset Categories
Chapter 1 - Page 27
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Category Combinations
XXCOMPUTER-XXPC
Assumptions
Replace XX with your terminal number or initials.
Tasks
Create an Independent Value of XXCOMPUTER
(N) Setup > Financial > Flexfields > Validation > Values:
Name = Vision FA Major Category
2. (B) Find:
Value = XXCOMPUTER
Description = XXComputer
3. Save.
(N) Setup > Financial > Flexfields > Validation > Values.
Name = Vision FA Minor Category
Independent Value = XXCOMPUTER
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5. (B) Find.
6. Add dependent values according to the following table and save your work.
Value Description
XXPC PC
XXNC NC
XXSERVER Server
XXNETWORK Network
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Create Asset Clearing Accounts
(N) Setup > Financials > Flexfields > Validation > Values:
Name = Operations Account
2. (B) Find.
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3. Create the value associated with your terminal number based on the following table:
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add Categories to a Corp book
4. Specify the accounting information according to the following table (to enter Method and
Prorate Convention, click the Default Rules button):
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5. Query each of the following categories and add them to your asset book. Save your work.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Verify That All Categories Are Added to the Corp Book
4. Review the Asset Category Listing report to ensure all categories that you added are in your
XXCorp Book.
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Activity Guide
Asset Additions
Chapter 1 - Page 36
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add an Asset Using QuickAdditions
1. Use Assets, Vision Operations (USA) responsibility and navigate to the QuickAdditions
window.
2. (B) QuickAdditions.
Field Value
Description XXCHEVY BLAZER
Tag Number XXCAR
Category VEHICLE-OWNED STANDARD
License plate 687ABC
License renewal date 14-Dec-YYYY (Current year)
Book XXCORP BOOK
Cost 20000
Employee Name Adams, Mr. Brian
Expense Account XX-110-7350-0000-000
Location USA-CA-SAN FRANCISCO-1
Note: The description field has a list of values associated with it. The values on the list of
values are Quickcodes. You can set up asset descriptions in advance for frequently
purchased assets so that the descriptions can be made more consistent.
Copyright Oracle, 2010. All rights reserved.
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4. (B) Done.
6. (B) OK.
Note: You see two reference numbers when the asset is added. One is for the addition and
the other is for the assignment.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add an Asset Using Detailed Additions
2. (B) Additions.
Field Value
Description XXOVERHEAD OFFICE BUILDING
Tag Number XXBLDG
Category BUILDING-OFFICE
Insurance company Fidelity
Building size 500000
4. (B) Continue.
Field Value
Book XXCORP BOOK
Current Cost 10,000,000
Method STL
Life Years 15
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6. Note that you can override the defaults from the category.
7. (B) Continue.
Field Value
Unit Change 1
Expense Account XX-110-7320-0000-000
Location USA-NY-NEW YORK-2
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Assumptions
XXCORP book must be enabled for group depreciation by the instructor before the start
of the practice (the instructor needs to select the Allow Amortized Changes and Allow
Group Depreciation check boxes in the Accounting Rules tabbed region of the Book
Controls window.
Tasks
Create a Group Asset
Create a group asset using Detail Additions with the following values:
Description GROUP_ASSET_XX
Major Category Computer
Minor Category PC
Asset Type Group
Book XXCORP
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Create a new asset using QuickAdditions with the following values and assign the asset to the
group asset that you created previously:
Field Value
Description Member Asset XX
Major Category Computer
Minor Category PC
Book XXCORP
Method STL
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2. (B) Additions.
6. (B) Continue.
8. (B) Continue.
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23. Enter the group asset number of the asset that you created in step 11 in the Group Asset
field.
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Enter a Supplier
4. (B) Apply.
Enter Full Address, including city, county, state, postal code, and Address name. Make this a
purchasing and pay site by selecting the Purchasing and Payment check boxes.
6. (B) Continue. Select the Vision Operations operation unit. (B) Apply.
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Field Value
Payment Schedule XXCar Rental
Note: Leave the end dates blank. Oracle Assets automatically displays an end date.
Note: In this demo, you will be using the data from the Enter Suppliers Guided
Demonstration. In other words, the Enter Suppliers guided demo must be completed first.
3. (B) Calculate.
5. Save.
7. Save.
9. Close all the forms until you are back at the Navigator.
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(N) Setup > Asset System > Leases > Lease Details:
Lease Number = XXRental Lease
Description = XXRental Lease
Lessor = XXUPay Less Rentals
Lessor Site = Choose a pay site.
11. Save.
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Field Value
Payment Schedule XXServer Lease
Note: Leave the end dates blank. Oracle Assets automatically displays an end date.
Note: In this demo, you will be using the data from the Enter Suppliers Guided
Demonstration. In other words, the Enter Suppliers guided demo must be completed first.
3. (B) Calculate.
5. Save.
7. Save.
9. Close all the forms until you are back at the Navigator.
Copyright Oracle, 2010. All rights reserved.
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(N) Setup > Asset System > Leases > Lease Details:
Lease Number = XXServer Lease
Description = XXServer Lease
Lessor = XXIBM Corp
Lessor Site = Choose a pay site
Payment Term = IMMEDIATE
Note: It is strongly recommended that you use IMMEDIATE as the payment term, so when
11. Save.
Note: The Lease has met the criteria for a Capitalized lease.
Note: Oracle uses the SFAS 13 criteria to determine the lease type. If any one of the criteria
is met, the lease is a capital lease and the asset must be capitalized and depreciated.
3. The lease term is equal to 75% or more of the remaining estimated economic life of the
leased asset at lease inception.
4. The NPV of the minimum lease payments is at least 90% of the market value of the lease
asset.
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7. (B) OK.
8. (B) Submit.
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Field Value
Warranty Number XXP2316
2. Save.
4. (B) Find.
5. (B) Open:
Warranty Number = XXP2316
6. (B) Done.
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Activity Guide
Mass Additions
Chapter 1 - Page 52
Copyright Oracle, 2010. All rights reserved.
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THESE eKIT MATERIALS ARE FOR YOUR USE IN THIS CLASSROOM ONLY. COPYING eKIT MATERIALS FROM THIS COMPUTER IS STRICTLY PROHIBITED
Assumptions
Replace XX with your terminal number or initials.
Tasks
Add Assets Using Mass Additions
1. Switch Responsibilities.
5. (T) Lines.
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7. Save.
8. (B) Actions.
Validate = Selected
9. (B) OK.
Note: If tax is not calculated, then increase amount for Line (tax) to 14,972.
Note: There are four criteria that must be met before an invoice distribution is sent to Fixed
Assets:
The invoice distributions must be coded to an asset clearing account that is associated
with a valid asset category. In your case, that account is XX-000-XXXX-0000-000.
The Track as Asset flag must be selected. This is done automatically if the natural
account is qualified in GL as a type of Asset. In your case, XXXX is associated with
an Account Type of Asset. For expensed items that you want to track in Oracle Assets,
you must manually select the Track as Asset flag.
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The GL Date specified when the Mass Addition Create process is run, includes the
invoice distributions on or before the specified date.
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Prep: 2828.00
Tax: 4172.00
Server Hardware:
51000.00
Assumptions
Replace XX with your terminal number or initials.
Tasks
Merge Tax and Prep Lines into the Server
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3. Open the Server Hardware line and enter asset information according to the following table:
Field Value
Category COMPUTER-PC
Expense Account XX-110-7360-0000-000
Location USA-CA-SAN FRANCISCO-1
5. (B) Done. Merge the Tax and Prep lines into the Server Hardware line.
7. (B) Done.
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6000.00
6000.00
6000.00
24000.00
6000.00
Assumptions
Replace XX with your terminal number or initials.
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Tasks
Prepare a Mass Addition
1. Find the Laptops line and change the units to 4. Also, prepare the addition based on the
information in the following table:
Field Value
Category COMPUTER-PC
Description Laptop
4. Query the 4 Assets and change the Queue to Post (or query, and then and use (M) Tools >
Post All).
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In this practice, you add invoice distributions to an existing asset. You first manually add an
asset, and then merge the Battery Backup (line 6) distribution to the asset.
Battery Backup:
2000.00
Assumptions
Replace XX with your terminal number or initials.
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Tasks
Create a Quick Addition
3. (B) Done.
4. (B) OK.
Add the Battery Backup Line to the Asset with the Tag Number of XXCOMPUTER
5. Navigate to the Find Mass Additions window to find the invoice that you entered.
7. Use the Add to Asset functionality to find the asset with a tag number of XXCOMPUTER
and add the battery backup to that asset.
Note: The system should save the line as a COST ADJUSTMENT. That is because you
have adjusted the cost of an existing asset.
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10. Post mass additions using parameters according to the following table:
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Before running Prepare Mass Additions to automatically prepare mass additions lines, you need
to ensure that you have a unique category and clearing account.
(N) Setup > Financials > Flexfields > Key > Values.
2. (B) Find.
3. With your cursor in the first field in the Values table in the lower half of the window, (I)
New to create a new record.
4. Enter MODEM as a new value for the minor category. Enter the same value in the
Description field.
(N) Setup > Financials > Flexfields > Key > Values.
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7. (B) Find.
8. With your cursor in the first field in the Values table in the lower half of the window, (I)
New to create a new record.
Note: Ensure that the four-digit account value that you enter has not been defined. If the
value you enter has been defined previously, enter another value.
11. Press the Tab key until the Segment Qualifiers window opens.
14. Save your work and close the Segment Values window.
You need to set up an asset category using the minor asset category and the new account value
that you defined.
15. In the Category field, enter a major category of Computer. For minor category, enter the
name of the minor category that you set up, =Modem "description = Modem",
COMPUTER-MODEM.
18. Accept the defaults for Bonus Expense and Bonus Reserve.
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22. Enter Month in the Prorate Convention and Retirement Convention fields.
23. Save your work and close the Default Depreciation Rules window and the Asset Categories
window.
25. Verify that USE CUSTOM and USE CUSTOM ENERGY have disable dates. Verify that
USE DEFAULT has no disable date. For example:
Value Description Disable Date
USE CUSTOM Use Custom 15-JAN-2007
USE CUSTOM Use Custom 15-JAN-2007
ENERGY Energy
USE DEFAULT Use Default
26. Log in to Oracle Applications and choose the Payables, Vision Operations (USA)
responsibility.
28. Using the default Standard invoice type, enter the following Invoice Header information:
Field Name Values
Trading Partner Advantage Corp
Supplier Site ADVANTAGE - US
Invoice Date Use date within the current open period in Oracle
Assets, for example, 15-DEC-2008.
Invoice Number XXINVMA where XX represents any value you
choose
Invoice Curr USD
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29. Save the invoice by clicking the Save icon on the toolbar or using CTRL + S.
31. Enter the following invoice line data (Note: you can use folder technology to make data
entry easier):
Num Type Amount Distribution Account Description
1 Item 5,000 01-000-1599-0000-000 Computer Parts
33. Validate your invoice by clicking the (B) Actions1, and then selecting the Validate check
box.
Note: If system did not calculate tax, then increase the amount in line to 5,375.
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35. Create accounting for your invoice by clicking the (B) Actions1 and selecting the Create
Accounting check box. Select the Final Post option. Then click (B) OK. You receive a
message stating that accounting has been created for the invoice.
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38. From the Requests form, click (B) Submit a New Request.
40. Choose to run the Mass Additions Create process from the List of Values using the
following parameters:
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Parameter Value
GL Date Use the invoice date of the invoice created (01-MMM-YYYY)
Book OPS CORP
46. Select the Mass Additions Create Report from the List of Values and enter OPS CORP as
the parameter. Click (B) Submit.
48. When the request finishes, click (B) View Output and review the Mass Addition lines that
were created.
50. Enter OPS CORP in the Book field and your invoice number in the Invoice field and click
(B) Find.
52. In the Mass Additions window, confirm that your invoice contains no category information.
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58. In the Parameters window, enter OPS CORP in the Book field.
61. When you receive the message Submit another request? click (B) No.
63. Find your invoice again in the Mass Additions window and confirm that the category has
been added.
65. In the Assignments window, enter USA-CA-SAN FRANCISCO-100 in the Location field.
67. Back on the Mass Additions window, enter a description in the Description field, for
example, XX Asset.
73. Select the Request ID of the Mass Additions Posting Report that you just ran and click (B)
View Output.
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75. Enter your asset number in the Asset Number field and OPS CORP in the Book field and
click (B) Find.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
before hand in order to be processed.
Prerequisites
Excel 2000, 2002, or 2003
If you have Excel 2002 or 2003 installed, change the Macro settings in Excel as
follows:
From the Tools menu, select Macro, Security, and then Security Level.
Tasks
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Add the following asset data to the asset worksheet that you just created. You can enter data
directly into the worksheet cells, use the List of Values option, or a combination of both:
Upload the worksheet with the asset data entered into the XXCORP BOOK, choosing to post the
asset data now.
Create an asset worksheet in Web ADI for the XXCORP BOOK using the Default worksheet
layout. The header information in your worksheet should reflect the first day of the current open
period for the XXCORP BOOK in the format MM/01/YYYY.
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3. (B) Open.
5. In the Download window, click (B) Close when you receive the confirmation that the
spreadsheet is created.
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Select:
11. When you receive a confirmation that the upload was successful, note the request numbers
and click (B) Close.
12. Navigate to the Requests window to view the output of the Mass Additions Posting Report
that you ran when creating the upload:
14. Place your cursor on the request ID for the Mass Additions Posting Report.
18. In the Find Assets window, enter XX% in the Description field and OPS CORP in the Book
field.
19. In the Assets window, place your cursor on one of the asset numbers and click (B) Open to
view the asset. Repeat for the other two assets.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Run the Asset Additions Report
3. Submit the request and review the output after it has completed.
This report shows all the assets added during an accounting period range and the invoice lines
associated with that asset. The report groups the assets by source: Mass Additions or Manual
Transactions.
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This report shows the assets that you added to your cost centers through additions,
capitalizations, and transfers in the accounting period that you specify. The report shows the
owner and location of each unit.
9. (B) OK.
10. Submit the request and view the output when it completes.
Note: This report may not show the correct owners of the asset (obviously a problem that is
fixed with a patch).
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Activity Guide
CIP Asset Additions
Chapter 1 - Page 79
Copyright Oracle, 2010. All rights reserved.
Oracle University and Egabi Solutions use only
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add a Project Number
1. Add Project Number XX-1000 to the Vision FA Asset Key value set.
3. (B) QuickAdditions.
Field Value
Description XXCOMPUTER NETWORK
Tag Number XXCOMPNET
Category XXCOMPUTER-XXNETWORK
Asset Key 2000
Asset Type CIP
Book XXCORP BOOK
Expense Account XX-110-7360-0000-000
Location USA-CA-SAN FRANCISCO-100
4. (B) Done.
Note: The choice of Asset Type is driven by the category. If the category is flagged as an
expense type asset, the only valid choice in the pop list would be Expense.
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In this practice and the next practice, you add cost to the CIP assets directly with Source Lines
and Mass Additions.
Tasks
Add Labor to a CIP Asset
1. Find the asset with tag number XXCOMPNET by navigating to the Assets window.
2. (B) Find.
5. (B) Done.
Note: Adding labor to this asset created a debit of 7500 to an asset cost account and 7500 to
an asset clearing account. A journal entry in the General Ledger or in another subledger is
necessary to clear the clearing account.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add Invoice Lines from Mass Additions to a CIP Asset
2. Add the Hub, Cable, and High Speed Server to the CIP asset.
(B) Find;
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5.
Activity Guide
Post your additions, (B) Submit
Book = XXCorp Book, (B) OK
Chapter 1 - Page 83
Copyright Oracle, 2010. All rights reserved.
Oracle University and Egabi Solutions use only
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Note: Fixed Assets may be used for simple CIP projects (Oracle Projects is used for complex
CIP projects). One great use for the Asset Key flexfield is to store project number. All assets
associated with the same project have the same project number in the Asset Key flexfield. When
the project is complete, the Capitalize CIP assets form can be used to search for all assets with
Assumptions
Replace XX with your terminal number or initials.
Tasks
Capitalize the Asset with Tag Number XXCOMPNET
2. (B) Find.
4. (B) Capitalize.
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Activity Guide
Asset Adjustments
Chapter 1 - Page 85
Copyright Oracle, 2010. All rights reserved.
Oracle University and Egabi Solutions use only
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Reclassify an Asset
Tag = XXCar
(B) Find
3. (B) Open.
5. (B) Done.
6. Close all the forms until you are back at the Navigator.
Note: Oracle Assets transfers Cost and Accumulated Depreciation to the accounts associated
with the new category.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Adjust Asset Units
Tag = XXCar
(B) Find
3. (B) Open.
5. Perform additional adjustments so that the final assignments are the same as those in the
following table:
6. (B) Done.
7. Are any journal entries created based on this unit adjustment? Why or why not?
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Adjust the Cost of an Asset
Tag = XXCar
(B) Find
(B) Book
(B) Done
Note: The option to Amortize NBV Over Remaining Life was added to enable the ability to
enter accumulated depreciation on a newly added asset and to have this adjustment treated
as an amortized adjustment. In prior releases of Oracle Assets, it was not possible to perform
amortized adjustments in the period that an asset was added because the Amortize
Adjustment checkbox was not available until after depreciation had been run for the asset
(you received an APP-47782 error when trying to select this checkbox).
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Transfer an Asset
Tag = XXCar
(B) Find
3. (B) Assignments.
4. Change the assignment from Ray, Ms. Amy to Frans, Mr. Hans Fritz.
Expense Account = XX-140-7350-0000-000 (Hint: Use F5 to copy prior field)
Location = USA-CA-SAN FRANCISCO-2
5. (B) Done.
Note: If you transfer an asset during the period in which it was added, the transfer date
automatically defaults to the assets date placed in service and you cannot change it.
6. Close all the forms until you are back at the Navigator.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add Assets
2. (B) QuickAdditions.
Field Value
Description XXCHEVY IMPALA
Tag Number XXCHEVY IMPALA
Category VEHICLE-OWNED STANDARD
Book XXCORP BOOK
Cost 20,000
Employee Name Adams, Mr. Brian, #43
Expense Account XX-110-7350-0000-000
Location USA-CA-SAN FRANCISCO-XXBLDG200
4. (B) Done.
6. (B) OK.
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8. (B) QuickAdditions.
Field Value
Description XXFORD TRUCK
Tag Number XXFORD TRUCK
Field Value
Description XXOFFICE BUILDING
Tag Number XXOFFICE
Category BUILDING-OFFICE
Book XXCORP BOOK
Cost 1,000,000.
Employee Name Adams, Mr. Brian, #43
Expense Account XX-130-7320-0000-000
Location USA-CA-SAN FRANCISCO-XXBLDG200
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Activity Guide
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Initiate the Mass Reclassification Request
2. Place the cursor in the Expense Accounts field in the Assets to Reclass region:
4. Place the cursor in the New Category field in the Reclass region:
New Category = VEHICLE-LEASED STANDARD
5. Select the check boxes for fields according to the following table:
Field Value
Copy Category Descriptive Flexfield to New Category Selected
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Note: If the new category has a different descriptive flexfield structure, no descriptive flexfield
information is transferred.
Note: If the correct assets are not selected, delete your Mass Transaction Request and redo
it.
11. Close all the forms until you are back at the Navigator.
13. Query your Mass Reclassification using the Mass Transaction Number (Hint: F11, Mass
Transaction Number = Your Mass Trans Number, Ctrl+F11).
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Initiate the Mass Transfer Request
2. Place the cursor in the Expense Accounts field in the Transfers region:
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4. Close all the forms until you are back at the Navigator.
6. Query your Mass Transfer using the Mass Transaction Number (Hint: F11, Mass
Transaction Number = Your Mass Trans Number, Ctrl + F11).
Note: You can perform a Prior Period transfer. However, the transfer date for a prior period
transfer must be in the current fiscal year.
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2. Enter the Start Date and End Date of the current year.
Frequency = 90 days
8. Query the asset for the maintenance event that you want to view.
12. Enter the selection criteria to select the maintenance schedules that need to be purged, such
as Schedule ID, Asset Number, or Maintenance Date.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Enter a Physical Inventory
2. (B) Open.
3. In the Inventory Entries, enter the following physical inventory. Fill in any other required
fields as necessary.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
beforehand in order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
The Physical Inventory XX_Physical is defined and saved in the Asset Management
application. For Instructor-Led Training classes, the Instructor creates this Physical
Inventory as part of his or her guided demonstration. If XX_Physical is not created, you
can do so by following the navigation path (N) Physical Inventory > Enter, and then
adding the XX_Physical record.
Prerequisites
Excel 2000, 2002, or 2003.
If you have Excel 2002 or 2003 installed, change the Macro settings in Excel as
follows:
From the Tools menu, select Macro, Security, and then Security Level.
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Tasks
Create a New Physical Inventory Template
1. Create a new spreadsheet for recording physical inventory data in Web ADI using the
physical inventory that you created in an earlier lesson.
2. Using the spreadsheet that you just created, enter the following physical inventory data:
3. Upload the Physical Inventory data that you recorded, choosing to Run and View the
Physical Inventory Comparison report.
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4. (B) Next.
5. (B) Open.
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10. In the Physical Inventory Upload window, select the following options:
Select Validate Before Upload, Run Comparison, and View Comparison Results.
12. When the upload completes successfully, click (B) Close. If there are any errors in your
upload, fix the errors and rerun the upload.
15. Select the Physical Inventory Comparison Report that you ran and choose (B) View Output.
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Activity Guide
Depreciating Assets
Assumptions
Replace XX with your terminal number or initials.
Tasks
Run Depreciation to Close the Period
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Set Up a Depreciation Calendar
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Note: After you fill in the first record, most of the From and To Date information will
default.
Note: The name of the period must exactly match the name of the corresponding period in
the General Ledger or the journal entries will not be created.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Set Up a Depreciation Method
1 2 3 4 5 6 7 8 9 10 11 12
Y1 .4 .4 .4 .4 .3 .3 .3 .3 .2 .2 .2 .2
Y2 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3
Y3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3
Y4 0 0 0 0 .1 .1 .1 .1 .2 .2 .2 .2
3. Save.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Set Up a Prorate Convention
Note: Accept the Starting date. Create two years of the prorate convention.
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3.
Activity Guide
Save your work.
Assumptions
Replace XX with your terminal number or initials.
Tasks
Submit Depreciation Projection
2. (B) Run.
Note: The actual depreciation may be different from depreciation projections. For example,
the Depreciation Projection functionality does not look at assets pending retirement.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Perform a What-If Analysis
Field Value
Book XXCORP BOOK
Start Period Feb-YY (Where YY is the current year)
Number of Periods 6
Category COMPUTER-PC
Method STL
Prorate Convention MID-MONTH
Life Years 3
4. Navigate to the View Requests form. (M) View > Requests (B) Find
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Project Depreciation
Field Value
Book XXCORP BOOK
Start Period Current period of
XXCORP BOOK
Number of periods 6
Field Value
Category COMPUTER-PC
Date in Service 01-Jan-20YY
Cost 20000
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6. Navigate to the View Requests form. (M) View > Requests (B) Find
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Activity Guide
Processing Retirements
Assumptions
Replace XX with your terminal number or initials.
Tasks
Retire 1 of 2 Units for an Asset
2. (B) Find.
3. (B) Retirements:
Book = XXCORP BOOK
Field Value
Units Retired 1
Retirement Type XXSALE
Proceeds of Sale 5,000
7. (B) Continue.
8. Place the cursor in the Unit Change field associated with Adams, Mr. Brian.
Unit Change = -1
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9. (B) Done.
10. Close all the forms until you are back at the Navigator.
13. Monitor the request and review the output when complete.
15. Run the Asset Retirements Report for the XXCORP BOOK for the current period.
16. Navigate to the View Requests form. (M) View > Requests (B) Find.
17. Monitor the request and review the output when complete.
Note: You can perform a Prior Period Retirement on an asset, provided it does not cross a
fiscal year.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Reinstate an Asset
2. (B) Find.
3. (B) Retirements.
5. Note that the button has changed to Reinstate, Gains and Losses have been calculated, and
the Status = Processed.
6. (B) Reinstate.
7. (B) OK.
Note: Because the Calculate Gains and Losses program was run, the button description is
Reinstate. If the Calculate Gains and Losses program was not run, the button description
would be Undo Retirement. The difference is that Undo retirement does not generate
accounting but Reinstating does.
Note: You cannot reinstate an asset if it was retired in a prior fiscal year.
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2. (B) Create.
3. Navigate to the View Requests form. (M) View > Requests (B) Find
6. Close the View Output window, and then close the Requests form.
9. (B) Retire.
10. Navigate to the View Requests form. (M) View > Requests (B) Find
13. Back in the Mass Retirements form, query the mass retirement that you just performed.
Note: Because no activity has been generated yet (such as the Calculate Gains and Loss
program) the "Undo" feature is available.
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Note: The Transfer to General Ledger and Post in General Ledger fields are disabled when
you run the process in Draft accounting mode.
3. (B) Okay.
4. (B) Submit.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
database or a comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Investigate an Asset Transaction
You are asked to find out information for an asset transaction and are only given the Reference
Number. You have been informed that the asset is in the XXCORP book and the Reference
Number is 108.
From Oracle Assets, perform the following Oracle Subledger Accounting inquiries:
Accounting Events: Find accounting events with a From Transaction Date of November
1, 2006, a To Transaction Date of April 30, 2007, and the Ledger Vision Operations
(USA). View the transaction history and T-accounts for one of these accounting events.
Journal Entries: Find journal entries in the ledger Vision Operations (USA). The From
GL Date should be after December 31, 2006. Compare two journal entries from the list
of journal entries.
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Journal Entry Lines: Find journal entry lines in the Vision Operation (USA) ledger with
a balancing segment of XX. Select one of the journal entry lines and view the
transaction history and journal entry.
You have been asked to provide the following information for the XXCORP book asset #
100081:
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2. In the Find Assets window, enter 100081 in the Asset Number field and OPS CORP in the
Book field and click (B) Find.
6. Select (M) Tools > View Accounting and note the accounts used to record the original
addition:
DR XX-740-1530-0000-000 30,000.00
CR XX-000-1570-0000-000 30,000.00
7. Close all the windows until you return to the View Financial Information form. Click the (T)
Depreciation.
8. In the Depreciation tabbed region, scroll down until you see the JUL-96 period. Note that
the depreciation expense for this period was 250.00.
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11. In the Find Transactions form, enter the Book OPS CORP and the Reference Number 108.
Click (B) Find.
12. Note that the asset number is 100071 and the description is LAND.
14. In the Find Transactions form, clear the Reference Number field and enter 100071 in the
Asset Numbers range field. Click the (B) Find.
15. In the Transaction History window, click the TRANSFER IN line and click the (B) Details.
19. Click Show on the first transaction in the list of accounting events.
20. Go back to the Accounting Events window (you may need to click (I) Back) and click (B)
View Journal Entries to view journal entries for this accounting event.
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26. Click the Select check box next to the first two journal entries.
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Activity Guide
Tax Books
Assumptions
Replace XX with your terminal number or initials.
Tasks
Create a Tax Book
Field Value
Book XXTAX BOOK
Class Tax
Description XXTAX BOOK
Associated Corporate Book XXCORP BOOK
3. (T) Calendar.
Field Value
GL Set of Books Vision Operations
Allow GL Posting No
Depreciation Calendar Monthly
Prorate Calendar Monthly
Current Period Dec-XX (Where XX is
the past fiscal year)
Divide Depreciation Evenly
Depreciate If Retired in First Year Yes
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Field Value
Allow Amortized Changes Selected
Allow Mass Changes Selected
Allow Revaluations Deselected
Field Account
Deferred Depreciation Reserve 2540
Deferred Depreciation Expense 7860
Depreciation Adjustment 1690
Account Generator Defaults XX-000-9999-0000-000
Field Value
Allow Reserve Adjustments Selected
Allow Expense Ceilings Selected
Allow Mass Copy Selected
11. Save.
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Add Categories to a Tax Book
5. Specify the accounting information according to the following table (To enter Method and
Prorate Convention, click the Default Rules button):
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Assumptions
Replace XX with your terminal number or initials.
Tasks
Verify Categories Are Added to Your Tax Book
4. Check to ensure that all the categories you added are in your Tax book.
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Note: Depreciation should have been run for Dec-YY in the Corp book before this practice.
Assumptions
Tasks
Run Initial Mass Copy
Note: The Calculate Gains and Losses program needs to be generated prior to this lab
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Supplemental Practices
Chapter 2 - Page 1
Chapter 2
Supplemental Practices
Chapter 2 - Page 2
Copyright Oracle, 2010. All rights reserved.
Oracle University and Egabi Solutions use only
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Supplemental Practices
Chapter 2 - Page 3
Copyright Oracle, 2010. All rights reserved.
Release 12.x Oracle Asset Management Fundamentals
1. Use the Find icon to query the Key Flexfield -Assets-Category Flexfield.
Only one enabled flexfield structure is found (only one allowed per Oracle Assets
installation).
4. With the Major Category segment selected, click the Value Set button and note in the Value
Sets form that the Value Validation is Independent.
6. Select the Minor Category segment and click the Value Set button.
8. Click the Edit Information button to show the Dependent segment is linked to the
Independent segment and also requires a default value to be entered.
10. In the Segments Summary form, select the Major Category segment again and click the
Flexfield Qualifiers button. In the Flexfield Qualifiers form, note that the Major Category
segment is selected for the Major Category qualifier (no redundancy intended).
12. Back in the Segments Summary form, click the Open button.
13. Review the fields in the Segments form noting that the Major Category segment is Required.
15. If time permits, place the cursor back in the Application field and find the other two Oracle
Assets key flexfields.
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In the Segments form, note that the Required check box is not selected. It means that
entry of the Asset Key key flexfield is not required when adding an asset.
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1. Perform Find All in the Locations form to show the current combinations that exist in the
database.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number.
(For Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Tasks
Add a New Location Flexfield Combination
Add a new Location key flexfield combination using the following segment values:
Segment Name Value
Country USA
State CA
City LOS ANGELES
Building XX_CLASS
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2. Invoke the List of Values for the Location field (Ctrl + L).
3. Enter or choose from the List of Values the segment values as listed in the following table:
Segment Name Value
4. Save your work (use the Save icon or the Ctrl + S keyboard combination).
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All fields except the Enterprise Name field are not updatable. If this is a new installation,
all fields will allow entry but only the Enterprise Name and Oldest Date Placed in
Service allow update after the record is saved. The Oldest Date Placed in Service can be
The last number used is updated each time a new asset number is assigned by the
system.
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2. With the cursor still in the Type field, press the down arrow on the keyboard noting the
existing QuickCode Types and values already in the database.
3. When you get to the Type Queue Name, click in the first line and choose to enter a new
4. Add the following new record for the Queue Name Type:
6. Place your cursor back in the Type field and continue to scroll down through the remaining
QuickCode Types and their existing values.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number.
(For Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Tasks
Add New Asset Description QuickCodes
Add the following new asset description values to the Oracle Assets QuickCode Type ASSET
DESCRIPTION:
Value Description
XX_PERSONAL COMPUTER XX_Personal Computer
XX_SERVER XX_Server
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2. Place the QuickCodes form in query mode by using the F11 key.
5. Click in the Value field, and then click the New icon on the toolbar to insert a new record.
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To Date 31-DEC-YYYY
5. After you enter a value in the Fiscal Year field, press the Tab key to demonstrate that the
system automatically calculates the next fiscal years values for you.
10. Use the down arrow until you open a new record.
Calendar Demo
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12. After you enter the Period To Date, tab to the next line and note that the system
automatically fills out the Period From and Period To dates.
13. Enter Feb for the second Period name and continue until Period Dec-YY is completed.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number.
(For Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace the year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled in
order to be processed.
Tasks
Create a New Calendar
Create a new Oracle Assets Calendar named XX_Calendar (where XX is your unique identifier).
Assign the calendar to the existing Fiscal Year named ACCOUNTING. The calendar uses the
Calendar period suffix, has 12 periods per year, and should be set up for the Period dates 01-
JAN-YYYY through 31-DEC-YYYY. The Period names should use the format Mmm-YY (for
example, Jan-YY).
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Description XX_Calendar
3. After entering the first row in the Period table, tab to the second line and enter Feb for the
Period Name. The Oracle Assets system completes the dates and provides the suffix for the
Period Name. Continue for all periods through Period 12.
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4.
Supplemental Practices
Save your work (Ctrl + S).
Chapter 2 - Page 17
Copyright Oracle, 2010. All rights reserved.
Oracle University and Egabi Solutions use only
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or
3. Review the returned Profile options noting which are updatable by the User and which the
Systems Administrator must maintain.
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4. Enter the Calculation Method to use for this asset insurance, either Value as New, Market
Value, or Manual Value.
5. If the asset is a Swiss specialcase asset, select the Special Swiss Asset check box.
6. In the Base Index Date field, enter the date that is used as the base date for indexation.
8. In the Base Insurance Value field, enter the base insurance value of the asset as defined in
the insurance policy.
9. If you chose the Manual Value calculation method or if your asset is flagged as a Swiss
specialcase asset, enter the current insurance value. Otherwise, this field displays the
current insurance value of the asset, calculated automatically.
10. In the Insured Amount field, enter the amount for which the asset is insured under that
policy.
11. In the Fixed Asset Insurance window, click the Lines button to display the insurance policy
line information.
12. In the Fixed Asset Insurance Policy Lines window, enter insurance policy information, such
as the insurance policy line number, the insurance category, and the hazard class.
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15. In the Fixed Asset Insurance window, click the Maintenance button.
16. In the Fixed Asset Insurance Policy Maintenance window, update any information that
needs to be changed.
18. Run the Insurance Calculation routine to show how it calculates the current insurance value
based on the index that you have used.
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3. Optionally, enter the start and end dates. If you enter one date, you must also enter the other
date. If you specify start and end dates, any asset that you assign to this warranty must have
4. Enter the currency code. The currency code of the warranty must be the same as that of the
asset that you are assigning to the warranty.
6. Select the Renewable check box if you want the warranty to be renewable. The Renewable
check box is deselected by default. If you do not specify an end date, the Renewable check
box is disabled.
3. In the Asset Details window, enter a previously defined warranty number or select a
warranty number from the list of values.
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6. You can choose from a list of predefined Payment Schedules to attach to this lease, or leave
this field blank and click the Payment Schedule button to define a schedule for this lease. If,
after the lease start date, you want to change the existing lease payments, you must enter a
new lease or manually adjust the individual payment lines to change the existing lease.
7. Enter the payment account. This field is required if you plan to export lease payments to
Oracle Payables. You must enter a lessor site before you can enter a payment account. This
is because the lessor site determines the operating unit, which in turn determines the account
structure.
9. Enter the Currency that you are using for this lease.
10. If you want to test this lease for capitalization, enter the following information in the
Capitalization Test region:
Select Transfer of Ownership if the lease transfers ownership of the asset to the lessee at
the end of the lease.
Select the Bargain Purchase Option if a bargain purchase option is included in this lease.
Enter the Lease Term and the Asset Life in months for the leased asset. The Criterion
Met check box indicates whether the term of the lease exceeds 75% of the economic life
of the leased asset.
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Optionally enter the Present Value of the leased asset if you have previously calculated it
outside of Oracle Assets. Otherwise, Oracle Assets automatically populates this field
when you select a lease payment schedule for the lease. The Criterion Met check box
indicates whether the present value of the minimum lease payments exceeds 90% of the
fair market value.
If you need to define a payment schedule for this lease, click the Payment Schedule
button.
11. Oracle Assets displays the result of the capitalization test in the Test Determination field. If
the lease qualifies for capitalization, Oracle Assets automatically populates the Cost to
Capitalize field with the lesser of the fair value of the asset or the present value of the
minimum lease payments. This amount also appears as the Current Cost for the asset in the
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5. For both the Depreciation and Prorate Calendar, choose Monthly from the LOV.
7. Leave the Divide Depreciation field as is and let the Last Run Date for depreciation be the
default of todays date.
8. Tab through the remaining fields in the Calendar region or click the Accounting Rules tab.
9. Click the Allow Amortized Changes and Allow Mass Changes check box. Note that the
default for these check boxes is unchecked.
10. Accept the remaining defaults for the rest of this region. You may want to click any check
box in the Tax Rules or Allow Mass Copy regions to show that because this is a corporate
book, those regions check boxes are not allowed to be updated.
11. Tab through the remaining fields of the Accounting Rules region or click the Natural
Accounts tab.
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Assumptions
XXCORP book must be enabled for group depreciation by the instructor before the start
of the practice (the instructor needs to select the Allow Amortized Changes and Allow
Group Depreciation check boxes in the Accounting Rules tabbed region of the Book
Controls window.
Tasks
Create a Group Asset
Create a group asset using Detail Additions with the following values:
Description GROUP_ASSET_XX
Major Category Computer
Minor Category PC
Asset Type Group
Book XXCORP
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Create a new asset using QuickAdditions with the following values and assign the asset to the
group asset that you created previously:
Field Value
Description Member Asset XX
Major Category Computer
Minor Category PC
Book XXCORP
Method STL
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2. (B) Additions.
6. (B) Continue.
8. (B) Continue.
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23. Enter the group asset number of the asset that you created in step 11 in the Group Asset
field.
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1. In the Find Organization window that appears, choose Vision Operations from the LOV in
the Name field and click the Find button.
2. In the Organization window for Vision Operations, click the Organization Classifications
Name Asset Organization and then click the Others button.
3. What appears is the Book Controls form and all asset books that have been assigned to the
Asset Organization for the Vision Operations Organization are shown. You can scroll down
through the list of asset books by using the down arrow on the keyboard.
4. If you want to add another asset book to this Asset Organization, you can define a new asset
book here or query an existing asset book. To save this book to the organization, the form
trigger must recognize that a change has occurred to the book information. To create a
simple change that will enable the Save function to work, enter the Book Controls
Description field and simply add a space at the end. Then, navigate to the File menu and
select File: Save. Although there is no visible alteration to the book information, the form
will now be able to save the book to the organization.
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6. Back in the Organizations form, place the cursor in the Name field, and then click the Find
icon. In the Find Organization window, choose the Vision Corporation organization and
click the Find button.
8. This time, no asset books appear in the Book Controls form. That is because, in this
hierarchy, the Vision Corporation is set up to view all asset books of the organizations
subordinate to it. Therefore, we do not have to add any books to the Vision Corporation
organization if they are part of an organization that will be subordinate to it. You see this
9. Close the Book Controls and Organizations forms and return to the Navigator.
10. In the Organization Hierarchy form, go into query mode and query on Asset%. The name
Assets Hierarchy should be returned.
11. Click in the Organization region of the form in the Name field and again go into query
mode. Query on Vision Op%. Vision Operations will be returned. Note that Vision
Operations is part of this Asset Hierarchy and has another organization subordinate to it;
Vision Project Mfg. What this means is that in this hierarchy, a user that can access the
Vision Operations organization would be able to see all asset books associated with that
organization plus the asset books associated with the Vision Proj Mfg organization. This is
how the hierarchy is built.
12. Make sure that the cursor is in the Organization Name field and go into query mode again.
Query on Vision Corp%. Vision Corporation will be returned. Note the organizations that
are subordinate to this organization. They include Vision Operations, which shows one
subordinate organization to it, which is the Vision Proj Mfg organization that you saw
earlier. Thus a user with access to the Vision Corporation organization would be able to see
all asset books associated with its subordinate organizations and any organizations asset
books subordinate to these subordinate organizations.
13. Close the Organization Hierarchy window and return to the Navigator.
14. In the Security Profile form, go into query mode and query FA:Vision Op%. The security
Profile FA:Vision Operations is returned. Note the Organization Hierarchy of Assets
Hierarchy and the Top Organization of Vision Operations. The Security Profile FA:Vision
Operations is what would be assigned to a Responsibility to limit any user with that
Responsibility to being able to access only the asset books associated with the Vision
Operations organization as you saw in the Asset Hierarchy form.
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15. Place your cursor in the Name field and query the Security Profile named FA:Vision
Corporate. Here you note that this Security Profile has the Top Organization Vision
Corporation within the Assets Hierarchy assigned to it.
16. Close the Security Profile form and return to the Navigator.
17. At this point in your Security by Book setup, you would run the Security List Maintenance
Program for each Security Profile defined from the Submit Request form. The Oracle
System Administrator would then create a new Responsibility and assign the newly defined
Security profiles to it or you could assign the Security profiles to the existing
Responsibilities. In either case, the Profile Option FA: Security Profile is used to assign the
Security Profile names.
18. In the Personal Profile Values form, query the profile option FA: Security Profile.
19. Note that the Responsibility that you use is assigned the FA: Vision Operations Security
Profile. Close the Personal Profile Values form.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner Education
Center, you must have access to an Oracle Application Vision database to complete this practice.
As the System Administrator for Oracle Corporation, it is your responsibility to guarantee that
only certain individuals have access to information about the assets in your organization. Your
organization consists of a corporate headquarters, Vision Corporate, and two divisions, Vision
Operations and Vision Services. Each division has a general ledger set of books and related asset
books. You want to allow the fixed assets manager of each division to have access only to the
asset books belonging to his or her division and not to information about any other divisions. The
fixed assets manager for Vision Corporate has access to all the books of all the organizations.
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Verify that security is set up correctly for the Vision Corporate Asset Manager by accessing the
following assets:
Verify that security is set up correctly for the Vision Services organization by accessing the same
assets listed in the first Task.
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1. Log on to Oracle Applications using CORPORATE as the username and WELCOME as the
password. If already logged on to the system, choose File > Log on as a Different User from
the menu bar.
4. Search for asset number 100081 by entering the number in the Asset Number field, in the
Book Field use OPS CORP, and clicking the Find button.
6. Note that the Asset Books OPS CORP and OPS FEDERAL are shown. Close the View
Financial Information form.
7. (I) Flashlight. Enter the next asset number 100132, use SVSC CORP in the BOOK Field,
and then click the Find button.
8. (B) Books.
9. Note that the Asset Book SVSC CORP is shown. Close the View Financial Information
form.
10. (I) Flashlight. Enter the next asset number 100530, use SVSC FEDERAL in the BOOK
Field, and then click the Find button.
12. Note that the Asset Book SVSC FEDERAL is shown. Close the View Financial Information
form.
13. Log on to Oracle Applications using OPERATIONS and WELCOME as the username and
password, respectively. If already logged on to the system, choose File > Log on as a
Different User from the menu bar.
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16. Enter the asset number 100081, use OPS CORP in the Book Field, and then click the Find
button.
18. Note that the Asset Books OPS CORP and OPS FEDERAL are shown. Close the View
Financial Information form.
19. Click the Flashlight icon on the toolbar and enter the next asset number 100132, use SVSC
CORP in the Book Field, and then click the Find button.
21. Enter the next asset number 100530, use SVSC FEDERAL in the Book Field, and then click
the Find button.
22. You should receive the message FRM-40350: Query caused no records to be retrieved, at
the bottom of the window.
24. Log on to Oracle Applications using SERVICES and WELCOME as the username and
password, respectively. If already logged on to the system, choose File > Log on as
Different User from the menu bar.
28. Search for asset number 100081 by entering the number in the Asset Number field. In the
Book Field, use OPS CORP. Click the Find button.
29. Enter the next asset number 100132. In the Book Field, use SVSC CORP. Click the Find
button.
31. Note that the Asset Book SVSC CORP is shown. Close the View Financial Information
Form.
32. Click the Flashlight icon on the toolbar. Enter the next asset number 100530. In the Book
Field, use SVCS FEDERAL, and then click the Find button.
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34. Note that the Asset Book SVSC FEDERAL is shown. Close the View Financial Information
Form.
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1. Enter the following values in the Find Key Flexfield Segment form:
Application Assets
Title Category Flexfield
Structure Vision Category Flexfield
2. (B) Find.
3. Click on any line in the Values region of the Segment Values form.
4. (I) New.
6. (I) Save.
7. Click back in the Title field, and then click the Find icon on the toolbar.
8. In the Find Key Flexfield Segment form, change the Segment field to Minor Category.
11. Click on the first blank line in the Values region of the Segment Values form to open a new
record.
13. Use the down arrow on the keyboard to go to the next line.
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Assumptions
If you are not attending training at an Oracle University center or an Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number.
(For Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Tasks
Add Category Key Flexfield Values
Add the following values to the Major Category and Minor Category segments of the Asset
Category Key Flexfield. Remember that the Minor Category segment is Dependent on the value
in the Major Category segment:
Segment Value Description
Major Category XX_COMPUTER XX_Team Computer
Minor Category XX_PC XX_Personal Computer
Minor Category XX_SERVER XX_Server
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(N) Setup > Financials > Flexfields > Key > Values.
3. (B) Find.
5. (I) New.
7. (I) Save.
9. (I) Find.
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12. Click in an empty Value field and enter the following new records:
Value Description
XX_PC XX_Personal Computer
XX_SERVER XX_Server
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Supplemental Practices
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Copyright Oracle, 2010. All rights reserved.
Oracle University and Egabi Solutions use only
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1. In the Asset Categories form, choose AIRPLANE from the LOV for the Major Category and
JET for the Minor Category.
2. Accept the default for the check boxes and enter the following in the remaining header
region fields:
Note: The Bonus Expense and Bonus Reserve fields default automatically.
Asset Cost 01-000-1530-0000-000
Asset Clearing 01-000-1570-0000-000
Depreciation Expense Segment 01-000-7330-0000-000
Accumulated Depreciation 01-000-1630-0000-000
Bonus Expense 01-000-7330-0000-000
Bonus Reserve 01-000-1630-0000-000
Revaluation Reserve 01-000-1550-0000-000
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8. The cursor should be in the Book field of the Asset Categories window.
9. (I) New.
Note: The Bonus Expense and Bonus Reserve fields default automatically.
Asset Cost 01-000-1530-0000-000
Asset Clearing 01-000-1570-0000-000
Depreciation Expense Segment 01-000-7330-0000-000
(You could select a method that is used by your region for tax purposes.)
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Assumptions
If you are not attending training at an Oracle University center or an Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Tasks
Create an Asset Category Combination and Attach to Asset Books
Define a new Asset Category combination with the Major category named XX_COMPUTER
and the Minor Category named XX_SERVER. Assets in this Category are Non-leased, owned,
personal property with a property class of 1245. You want to allow this Asset Category to be
used in both the OPS CORP and OPS FEDERAL asset books. Use the following General
Ledger Accounts and default depreciation rules:
Field Name OPS CORP Book OPS FEDERAL Book
Asset Cost Account 01-000-1560-0000-000 01-000-1560-0000-000
Asset Clearing Account 01-000-1570-0000-000 01-000-1570-0000-000
Depreciation Expense 01-000-7360-0000-000 01-000-7360-0000-000
Accumulated Depreciation Account 01-000-1660-0000-000 01-000-1660-0000-000
Bonus Expense 01-000-7360-0000-000 01-000-7360-0000-000
Bonus Reserve 01-000-1660-0000-000 01-000-1660-0000-000
Revaluation Reserve 01-000-1550-0000-000 01-000-1550-0000-000
Depreciation Method STL STL
Life 7 Years 0 Months 5 Years 0 Months
Prorate Convention FOL-MONTH MONTH
Retirement Convention FOL-MONTH MONTH
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2. In the Category field, choose XX_COMPUTER as the Major Category segment and
XX_SERVER as the Minor Category segment.
3. Accept the default values in the check boxes and enter the following information:
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8. Save your work and close the Default Depreciation Rules form.
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13. (B) Default Rules.
Chapter 2 - Page 49
Copyright Oracle, 2010. All rights reserved.
14. Enter the Default Depreciation Rules as shown in the Task.
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16. Close the Default Depreciation Rules form.
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Copyright Oracle, 2010. All rights reserved.
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6. Cost is 75,000.
7. Accept the Date Placed in Service default.
8. For the Employee Name field, choose Vandelay, Mr. Art from the LOV.
14. In the Find Transactions form, enter OPS CORP in the Book field and the Asset Number for
the just entered asset.
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Assumptions
If you are not attending training at an Oracle University center or an Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number.
(For Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace the year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind though that
some transactions require calendar dates and calendar periods to be defined and enabled
in order to be processed.
Tasks
Enter an Asset Using QuickAdditions
Your organization has just purchased a Ford Explorer. Use the QuickAdditions feature of Oracle
Assets to record the purchase of this asset. The asset will be added to the OPS CORP book,
categorized as a standard vehicle, and has a cost of 20,000. It should be assigned to Brian Adams
and depreciation expense should be charged to Dept 110. The Explorer is located in Building 1
in the San Francisco office and should be tagged XXCAR. Its plate number is ORACLE1, which
is renewed on December 31 of each year.
Review the Ford Explorer addition transactions by performing a Transaction History inquiry.
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4. Leave the Supplier information, Asset Key, and Serial Number fields blank.
7. Click (B) OK and close the Assets window to return to the Navigator form.
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9. In the Find Transactions form, enter the Book OPS CORP and the asset number for the Ford
Explorer.
11. Review the transactions by selecting each Transaction Type and clicking the Details button.
12. When you finish reviewing, close the Transaction History form and return to the Navigator.
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Supplemental Practices
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Copyright Oracle, 2010. All rights reserved.
Oracle University and Egabi Solutions use only
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3. Accept the default values for the other fields and click the Continue button.
5. Accept the default values for the other fields and click the Continue button.
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Assumptions
If you are not attending training at an Oracle University center or an Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number.
(For Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace the year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind though that
some transactions require calendar dates and calendar periods to be defined and enabled
in order to be processed.
Tasks
Add an Asset Using Detail Additions
Your organization has just purchased an office building to increase overhead and reduce
profitability. Use the Detail Additions feature of Oracle Assets to record the purchase of this
asset. Add the asset to the OPS CORP Book and categorize it as an office building that has a cost
of $10,000,000. It should be assigned to Ellen Palm and depreciation expense should be charged
to Dept 110. The buildings location is in New York City and is designated as Building 2.
Because the management is afraid of misplacing it, it should be tagged XXBLDG. It is insured
by Fidelity and is 500,000 square feet in size. The building is considered Real Property classified
as 1250 property. This building is depreciated using the STL method for 15 years.
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3. Enter the following information in the Asset Details forms applicable fields:
Field Name Value
4. (B) Continue.
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6. Accept the default values for the other fields and click the Continue button.
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10. Click (B) OK and close the Assets window to return to the Navigator form.
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Note: Ensure that the AP: Use Invoice Batch Controls profile option is set to No. Also, make
sure that the corresponding GL Period is in a status of Open.
Note the current open period in the OPS CORP asset book and make sure that the corresponding
AP & GL periods are open as well before performing this demo.
2. (I) Save.
3. (T) Lines.
7. Validate the invoice by clicking the (B) Actions, and then selecting the Validate check box.
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8. Account for the invoice by clicking the (B) Actions, and then selecting the Create
Accounting check box. Select Final. (B) OK.
Use the default Standard invoice type and enter the following invoice header information
or press Shift + F6 to copy the header information and make the appropriate changes.
Field Name Values
Trading Partner Star Gate Ltd
Site STAR GATE PAY
13. Validate the invoice by clicking the (B) Actions, and then selecting the Validate checkbox.
14. Account for the invoice by clicking the (B) Actions, and then selecting the Create
Accounting check box. Select Final. (B) OK.
16. Proceed to the Submit Request form and choose to run the Payable Transfer Journal Entries
to the GL process with the following parameters:
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Parameter Value
Ledger Vision Operations (USA)
Process Category (default)
End Date Use the invoice date of the invoice created (01-MMM-YYYY).
20. Choose to run the Mass Additions Create process with the following parameters:
Parameter Value
GL Date Use the invoice date of the invoice created (01-MMM-YYYY).
Book OPS CORP
23. Select the Mass Additions Create Report from the LOV and enter OPS CORP as the
parameter. Click (B) Submit.
24. When the request finishes, click (B) View Output and review the Mass Addition lines that
were created.
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Assumptions
If you are not attending training at an Oracle University center or an Authorized Partner
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA)
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2008 or Jan-08). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled in
order to be processed.
The segment separator for the accounting flexfield may not be a dash "-". Substitute the
applicable segment separator if necessary.
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Tasks
Enter an Invoice in Oracle Payables
Your organization has received a standard invoice from Star Gate LTD for $86,414.15. You need
to make payment to the STAR GATE PAY Site and the Invoice Number is XXINV. The
invoice date happens to be the first day of the current open period in your asset book OPS
CORP. (If you do not know what date this is, ask your instructor or review the OPS CORP book
controls). The distribution information for this invoice is as follows:
Num Type Amount Account Description
1 Item 2828.31 01-000-1570-0000-000 Dealer Prep
Enter the invoice, and then validate and create accounting for it.
Create Mass Addition lines for the invoice that you just entered. Remember that all invoice lines
that are to be created as Mass Additions must first be transferred to the General Ledger. Run the
Mass Additions Create Report to review the Mass Addition lines that were created.
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1. Log in to Oracle Applications and choose the Payables, Vision Operations (USA)
responsibility.
3. Using the default Standard invoice type, enter the following Invoice Header information:
4. (T) Lines. Enter the following invoice line data (Note: you can use folder technology to
make data entry easier):
Num Type Amount Account Description Track As Asset
1 Item 2828.31 01-000-1570- Dealer Prep Checked
0000-000
2 Item 51000.00 01-000-1570- Truck Checked
0000-000
3 Item 24000.00 01-000-1570- 4 Laptops Checked
0000-000
4 Item 2000.00 01-000-1570- Really Cool Stereo Checked
0000-000
5 Item 6585.84 01-000-1570- Tax Checked
0000-000
(Note: If the system generates the tax for the invoice, delete line 5 under the (T) for
Lines.)
6. Validate your invoice by clicking the (B) Actions..1, and then selecting the Validate check
box.
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8. Create accounting for your invoice by clicking the (B) Actions1 and selecting the Create
Accounting check box and the Final option. Click the (B) OK.
NOTE: In a class situation where multiple students perform this practice simultaneously,
only one person should execute the following tasks. In the case of Instructor-led training,
the Instructor or his or her designate will perform these tasks.
12. Choose to run the Transfer Journal Entries to the GL process from the List of Values with
the following parameters:
Parameter Value
Ledger Vision Operations (USA) (default)
End Date Use the invoice date of the invoice created (01-MMM-YYYY).
Post in General Ledger No
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16. Choose to run the Mass Additions Create process from the List of Values with the following
parameters:
Parameter Value
GL Date Use the invoice date of the invoice created (01-MMM-YYYY).
Book OPS CORP
20. Select the Mass Additions Create Report from the List of Values and enter OPS CORP as
the parameter. Click (B) Submit.
21. When the request finishes, click (B) View Output and review the Mass Addition lines that
were created.
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Before running Prepare Mass Additions to automatically prepare mass additions lines, you need
to ensure that you have a unique category and clearing account.
(N) Setup > Financials > Flexfields > Key > Values.
2. (B) Find.
3. With your cursor in the first field in the Values table in the lower half of the window, (I)
New to create a new record.
4. Enter MODEM as a new value for the minor category. Enter the same value in the
Description field.
(N) Setup > Financials > Flexfields > Key > Values.
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7. (B) Find.
8. With your cursor in the first field in the Values table in the lower half of the window, (I)
New to create a new record.
Note: Ensure that the four-digit account value that you enter has not been defined. If the
value you enter has been defined previously, enter another value.
11. Press the Tab key until the Segment Qualifiers window opens.
14. Save your work and close the Segment Values window.
You need to set up an asset category using the minor asset category and the new account value
that you defined.
15. In the Category field, enter a major category of Computer. For minor category, enter the
name of the minor category that you set up, =Modem "description = Modem",
COMPUTER-MODEM.
18. Accept the defaults for Bonus Expense and Bonus Reserve.
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22. Enter Month in the Prorate Convention and Retirement Convention fields.
23. Save your work and close the Default Depreciation Rules window and the Asset Categories
window.
25. Verify that USE CUSTOM and USE CUSTOM ENERGY have disable dates. Verify that
USE DEFAULT has no disable date. For example:
Value Description Disable Date
USE CUSTOM Use Custom 15-JAN-2007
USE CUSTOM Use Custom 15-JAN-2007
ENERGY Energy
USE DEFAULT Use Default
26. Log in to Oracle Applications and choose the Payables, Vision Operations (USA)
responsibility.
28. Using the default Standard invoice type, enter the following Invoice Header information:
Field Name Values
Trading Partner Advantage Corp
Supplier Site ADVANTAGE - US
Invoice Date Use date within the current open period in Oracle
Assets, for example, 15-DEC-2008.
Invoice Number XXINVMA where XX represents any value you
choose
Invoice Curr USD
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29. Save the invoice by clicking the Save icon on the toolbar or using CTRL + S.
31. Enter the following invoice line data (Note: you can use folder technology to make data
entry easier):
Num Type Amount Distribution Account Description
1 Item 5,000 01-000-1599-0000-000 Computer Parts
33. Validate your invoice by clicking the (B) Actions1, and then selecting the Validate check
box.
Note: If system did not calculate tax, then increase the amount in line to 5,375.
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35. Create accounting for your invoice by clicking the (B) Actions1 and selecting the Create
Accounting check box. Select the Final Post option. Then click (B) OK. You receive a
message stating that accounting has been created for the invoice.
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38. From the Requests form, click (B) Submit a New Request.
40. Choose to run the Mass Additions Create process from the List of Values using the
following parameters:
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Parameter Value
GL Date Use the invoice date of the invoice created (01-MMM-YYYY)
Book OPS CORP
46. Select the Mass Additions Create Report from the List of Values and enter OPS CORP as
the parameter. Click (B) Submit.
48. When the request finishes, click (B) View Output and review the Mass Addition lines that
were created.
50. Enter OPS CORP in the Book field and your invoice number in the Invoice field and click
(B) Find.
52. In the Mass Additions window, confirm that your invoice contains no category information.
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58. In the Parameters window, enter OPS CORP in the Book field.
61. When you receive the message Submit another request? click (B) No.
63. Find your invoice again in the Mass Additions window and confirm that the category has
been added.
65. In the Assignments window, enter USA-CA-SAN FRANCISCO-100 in the Location field.
67. Back on the Mass Additions window, enter a description in the Description field, for
example, XX Asset.
73. Select the Request ID of the Mass Additions Posting Report that you just ran and click (B)
View Output.
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75. Enter your asset number in the Asset Number field and OPS CORP in the Book field and
click (B) Find.
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1. In the Find Mass Additions form, enter the invoice number that you created in the previous
demonstration (XXINV) in the Invoice Number field and click the (B) Find.
2. Merge Lines 1 and 3 into Line 2 by clicking Line 2 and clicking the (B) Merge.
3. In the Merge Mass Additions form that opens, select the Merge check boxes on the left for
4. (B) Done.
5. In the Mass Additions Summary form, click Line 2 DX7 Thingamabob and click the (B)
Open.
7. Change the Queue field from ON HOLD to POST and click the (B) Done.
8. In the Mass Additions Summary form, click Line 4 and click the (B) Open.
10. Click the Asset Details Tab and change the Description to Mighty Good Computer.
13. Change the Units column to 3 and enter the Depreciation Expense Account 01-110-7360-
0000-000 and Location US-CA-SAN FRANCISCO-1.
14. Click the (B) Done and close the Mass Additions form.
15. You should be back on the Mass Additions Summary form with Line 4 selected. Click the
(B) Split. Acknowledge the message windows by clicking OK.
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16. Note the 3 additional lines for Mighty Good Computer with a Queue of ON HOLD. Click
back on Line 4 with the Queue SPLIT and note that the Undo Split button is enabled if you
want to undo the previous split.
17. Select Line 5 for the RFK CD SOUND SYSTEM and click the (B) Add to Asset.
18. In the Find Assets window, enter 102074 in the Asset Number field and click the (B) Find.
19. Select the Amortize Adjustment check box for 24 Ford Truck in the Add to Asset form, and
then click the (B) Done.
20. To demo the Post All feature, click the Find icon on the toolbar. Your Invoice Number
should still be listed in the Find Mass Additions form. Leave it there and choose the queue
21. You should now see the Mass Additions Summary form with only 4 Lines for your invoice,
all of them with the queue ON HOLD. Choose the (M) Tools > Post All.
22. Note that 3 lines change to POST queue and 1 line to COST ADJUSTMENT.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled in
order to be processed.
The segment separator for the accounting flexfield may not be a dash "-". Substitute the
applicable segment separator if necessary.
Tasks
Merge and Prepare for Posting Mass Addition Lines
Using the Mass Addition lines from the invoice that was created in the previous practice (invoice
XXINV), query the Mass Addition lines associated with this invoice and merge the SALES TAX
and DEALER PREP lines into the TRUCK line. Then prepare the TRUCK line for posting by
assigning it the following data and assigning the correct queue name:
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Split the line for 4 LAPTOPS into 4 separate Mass Addition lines and prepare them for posting.
Note: Because you entered the invoice in Payables, you were not able to assign units; therefore,
you must change the number of units to 4 for this line so that you can split it into separate assets.
Also, it is advisable to prepare the original line with all the necessary data before splitting it
because this information will carry over to each new split line and will not have to be reentered.
The Laptops should have the following data assigned to them:
Add the line for the REALLY COOL STEREO to the asset with the description XX CHEVY
IMPALA in the OPS CORP asset book (XX must be a number between 01 and 24 in order to
assign it to an asset already seeded in the OPS CORP asset book. Use your unique number as
noted in the practice assumptions or as assigned by your Instructor). You do want to amortize
any depreciation adjustments due to the change in asset cost.
Change the Queue for the new LAPTOP lines and the REALLY COOL STEREO by using the
Post All feature. You must requery your Mass Addition lines for your invoice so that only the
ON HOLD queue lines are displayed before you can use the Post All feature.
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2. In the Find Mass Additions form, enter OPS CORP in the Book field and the invoice
number that you created in the previous practice (XXINV) in the Invoice Number field, and
click the (B) Find.
5. Change the Queue field from NEW to POST and click the (B) Done.
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6. In the Mass Additions Summary form, click Line 3, 4 Laptops and click the (B) Open.
8. Click the Asset Details Tab and change the Description to Laptop.
11. Change the Units column to 4 and enter the Employee Name Adams, Mr. Brian,
Depreciation Expense Account 01-110-7360-0000-000, and Location USA-CA-SAN
FRANCISCO-2.
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13. You should return to the Mass Additions Summary form with Line 3 selected. Click the (B)
Split. Acknowledge the message windows by clicking OK. Note the 4 additional lines for
LAPTOP with a Queue of ON HOLD.
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14. Click Line 4 for the REALLY COOL STEREO and click the (B) Add to Asset.
15. In the Find Assets window, enter %XX CHEVY% in the Description field and click the (B)
Find.
16. Select the Amortize Adjustment check box for XX CHEVY IMPALA in the Add to Asset
form, and then click the (B) Done.
17. Click the Find icon on the toolbar. Your Invoice Number should still be listed in the Find
Mass Additions form. Retain it there and choose the queue ON HOLD from the LOV in the
Queue field. Click the (B) Find.
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21. Note that 4 lines have changed to the POST queue and 1 line to COST ADJUSTMENT.
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22. Save your work.
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1. In the Submit Request Set form, select the OPS CORP asset book from the LOV for the
Parameters field.
2. Tab to the Parameters field for the Mass Additions Posting Report. When you invoke the
LOV, the OPS CORP asset book will already be selected.
5. Select the Mass Additions Posting Report request, and then click the (B) View Output.
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Note: Before performing this demo, you must ensure that the System Profile option FA: Default
DPIS to Invoice Date is set to Yes. If it is not, you must change it using the PROFILEOPTIONS
user ID, and then select the System Administrator Responsibility.
4. (B) Done.
6. Run depreciation and choose the Close Period option for the OPS CORP book for the
current open period.
Note that the last request run is the Process Pending Transactions Request.
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10. In the Find Assets form, enter FUTURE CAR in the Description field (case-sensitive) and
click the (B) Find.
11. Note the asset that was added based on the future transaction you created.
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If you have Excel 2002 or 2003 installed, change the Macro settings in Excel as
follows:
From the Tools menu, select Macro > Security > Security Level.
2. (B) Open.
4. In the Download window, click (B) Close when you receive a confirmation that the
spreadsheet has been created.
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9. (B) Upload.
10. When you receive a confirmation that the upload was successful, note the request numbers
and click (B) Close.
11. Navigate to the Requests window to view the output of the Mass Additions Posting Report
that you ran when creating the upload.
13. In the Find Assets form, enter XX_% in the Description field and OPS CORP in the Book
field, and then click (B) Find.
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14. You should now see the two assets that you added using the Web ADI Create Assets
spreadsheet.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
before hand in order to be processed.
Prerequisites
Excel 2000, 2002, or 2003
If you have Excel 2002 or 2003 installed, change the Macro settings in Excel as
follows:
From the Tools menu, select Macro, Security, and then Security Level.
Tasks
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Add the following asset data to the asset worksheet that you just created. You can enter data
directly into the worksheet cells, use the List of Values option, or a combination of both:
Upload the worksheet with the asset data entered into the XXCORP BOOK, choosing to post the
asset data now.
Create an asset worksheet in Web ADI for the XXCORP BOOK using the Default worksheet
layout. The header information in your worksheet should reflect the first day of the current open
period for the XXCORP BOOK in the format MM/01/YYYY.
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3. (B) Open.
5. In the Download window, click (B) Close when you receive the confirmation that the
spreadsheet is created.
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Select:
11. When you receive a confirmation that the upload was successful, note the request numbers
and click (B) Close.
12. Navigate to the Requests window to view the output of the Mass Additions Posting Report
that you ran when creating the upload:
14. Place your cursor on the request ID for the Mass Additions Posting Report.
18. In the Find Assets window, enter XX% in the Description field and OPS CORP in the Book
field.
19. In the Assets window, place your cursor on one of the asset numbers and click (B) Open to
view the asset. Repeat for the other two assets.
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2. (B) Done.
3. In the Assets form, query the asset that you just added using the unique Tag Number
XXCIP1.
6. (B) Done.
7. In the Find Mass Additions form, enter Invoice Number XXSEP1234 and Line 4.
8. (B) Find.
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9. In the Mass Additions Summary form, with the DESIGN FEES line selected, click (B) Add
to Asset.
10. In the Find Assets form, enter XXCIP1 in the Tag Number field, and then click (B) Find.
12. (B) Open. Change the Queue to Post (the system changes it to COST ADJUSTMENT).
15. (M) View > Requests to ensure that the Post Mass Additions process completes normally.
16. Find the asset with the Tag Number XXCIP1. Click (B) Source Lines.
17. Note that DESIGN FEES from Invoice SEP1234 is now displayed and the cost of the asset
is $97,000.
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1. Add a second CIP asset using QuickAdditions with the following data:
Field Name Value
Description Storage Shed
Tag Number XXCIP2
2. (B) Done.
3. In the Assets form, query the asset with the unique Tag Number XXCIP1.
5. Transfer 25,000 of the cost from the Hard Labor line to the asset that you added earlier by
entering 25,000 in the Transfer Amount field and pressing the Tab key (you must do this to
enable the Transfer To button).
7. In the Transfer To form, go into query mode (F11) and enter XXCIP2 in the Tag Number
field. Execute the query.
8. (B) Done.
9. In the Assets form, click (I) Find and enter XXCIP% in the Tag Number field of the Find
Assets window to query both the CIP assets. Click (B) Find.
10. With both the CIP assets now displayed, select the XXCIP1 asset.
12. Note that the line for Hard Labor now has a cost of 60,000.
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16. Note that there is now a line for Hard Labor for 25,000.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
database or a comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled in
order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Create a CIP Asset
It is 5:00 PM and your boss just rushed into your office asking you to add the following asset
before you head home. In typical fashion, the information needed to add the asset is written on a
napkin. As best as you can make out, the data for the asset is:
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Even as you try to decipher the piece of information, you are also able to determine that one
invoice line needs to be added to this CIP asset. The invoice information is as follows:
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3. Click (B) Done and note the asset number assigned ________________.
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5. In the Find Assets form, enter either the asset number that you noted or the Tag Number
XXCIP1 and the book OPS CORP, and then click (B) Find.
6. After you have successfully found the CIP asset, click (B) Source Lines.
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8.
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Click (B) Done.
Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
beforehand in order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Add a CIP Asset
You are asked to add another CIP asset with the following information:
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Part of the invoice for Overpriced Labor that was added to the asset with the Tag Number
XXCIP1 belongs to the preceding asset that you added, XXCIP2. The amount that needs to be
transferred is 17,000.
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3. Click (B) Done and note the asset number assigned ________________.
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6. Transfer 17,000 of the cost from the Overpriced Labor line to the asset that you added above
by entering 17,000 in the Transfer Amount field and pressing the Tab key (you must do
this to enable the Transfer To button).
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8. In the Transfer To form, start query mode (F11) and enter XXCIP2 in the Tag Number
field. Execute the query by using the Ctrl + F11 keys.
10. From the Assets form, click (I) Find and search for both the CIP assets by entering XXCIP%
in the Tag Number field of the Find Assets window. Click (B) Find.
Copyright Oracle, 2010. All rights reserved.
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11. With both CIP assets now displayed, select the XXCIP1 asset and click (B) Source Lines.
12. Note that the line for Overpriced Labor now has a cost of 83,000. Click (B) Cancel.
13. Back in the Assets form, select the XXCIP2 asset and then click (B) Source Lines.
12. Note that there is now a line for Overpriced Labor for 17,000. Click (B) Cancel.
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1. In the Find Assets form, enter the Book OPS CORP and the Tag Number XXCIP1 to find
the first CIP asset that you added in a previous demonstration.
2. (B) Find.
Note in the Capitalize CIP Assets form that you can change the Date Placed in Service to
3. Select the check box to the left of the Asset Number field.
4. (B) Capitalize.
5. The record should save automatically and the Find Assets window is displayed again.
6. To demonstrate the reverse capitalization feature, accept the default information in the Find
Assets form except for changing the Asset Type to Capitalized.
7. (B) Find.
8. Select the check box to the left of the Asset Number field.
9. (B) Reverse.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
beforehand in order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Capitalize a CIP Asset
You have been informed that the CIP asset Executive Tower with the Tag Number XXCIP1 is
now ready to be placed in service. Capitalize it in the current open period.
As is often the case, you received some misinformation about the Executive Tower being ready
to be placed in service. It has now come to your attention that the asset should be placed back
into a CIP status.
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2. In the Find Assets form, enter the Book OPS CORP and the Tag Number XXCIP1 to find
the first CIP asset that you added in a previous Practice. Click (B) Find.
5. The record should save automatically and the Find Assets window is displayed again.
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8.
7.
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Click (B) Reverse.
2. (B) Done.
Asset Reclass
3. In the Assets form, find the asset that you just added and perform a reclassification by
changing the Category in the Asset Details form from BUILDING-OFFICE to BUILDING-
MANUFACTURING.
4. (B) Done.
Unit Adjustment
5. In the Assets form, find the asset that you just added again and change the number of Units
from 2 to 1 by clicking (B) Open from the Asset Workbench. You must tab through the
Units field to enable the Continue button at the bottom of the window. Decrease the unit in
the Assignment window.
6. (B) Done.
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Cost Adjustment
7. In the Assets form, find the same asset again and make a cost adjustment by clicking (B)
Books.
8. Enter OPS Corp in the Book field and tab to the Current Cost field.
Transfer an Asset
11. Be sure to requery the Storage Building asset in the Assets form before performing this step
(to ensure that the unit change and cost change are accurately reflected).
12. In the Assignments form, Transfer .5 of a unit to Employee Name Art Vandelay with the
same Expense Account but at Location USA-NY-NEW YORK-NONE.
13. Enter -.5 in the Unit Change field of the existing Assignment line and add a new line with .5
units to the Employee Name and Location mentioned earlier. Use Shift + F5 to copy the
Expense Account field from the first line.
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2. (B) Preview.
4. View the Mass Reclassification Preview Report by going to the View Request form.
9. Go into query mode and enter the Mass Transaction Number in the field with the same
name. Execute the query.
10. Note that both the Run and Preview buttons are now enabled.
11. Delete the Mass Reclassification by selecting (M) Edit > Delete.
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Mass Change
15. View the Mass Change Preview Report by going to the View Request form.
16. Select the Mass Change Preview Report request, and then click (B) View Output.
19. Go into query mode and enter the Mass Transaction Number in the field with the same
name. Execute the query.
20. Note that both the Run and Preview buttons are now enabled.
21. To prevent someone from running this Mass Transaction later, delete the Mass Change by
selecting (M) Edit > Delete.
Mass Transfer
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26. View the Mass Transfer Preview Report by going to the View Request form.
27. Select the Mass Transfer Preview Report request, and then (B) View Output.
30. Go into query mode and enter the Mass Transaction Number in the field with the same
name. Execute the query.
31. Note that both the Run and Preview buttons are now enabled.
32. To prevent someone from running this Mass Transaction later, delete the Mass Transfer by
selecting (M) Edit > Delete.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods be defined and enabled before
hand in order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Add a New Asset Using QuickAdditions
Add a new asset using the QuickAdditions feature with the following data:
Field Name Value
Description Very Large Truck
Tag Number XX_LARGE TRUCK
Category VEHICLE-OWNED STANDARD
Descriptive Flexfield Information Skip entry
Units 2
Book OPS CORP
Cost 75,000
Employee Name Allen, Bertie
Expense Account 01-130-7350-0000-000
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The Very Large Truck was incorrectly added with 2 units. Change the number of units to 1.
You find that pretty much everything about the Very Large Truck that you added was incorrect.
Last but not the least, you are told that 25% of the Very Large Trucks depreciation should be
charged to Expense Account 01-110-7350-0000-000. The Employee Name and Location are
correct. Make the transfer adjustment.
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5. Find the Very Large Truck asset by clicking (I) Find and entering the Tag Number
XX_LARGE TRUCK. Click (B) Find.
7. In the Asset Details form, change the Category field to VEHICLE-OWNED HEAVY using
the List of Values. Skip the Asset Category fields.
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11. Change the Units field to 1, and then tab. Click (B) Continue.
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16. In the Books field, enter OPS CORP, and then tab to the Current Cost field. The current cost
information should be displayed.
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Note: Even if the Very Large Truck is still displayed in the Asset Workbench form from
the previous adjustment, you still need to requery the asset.
21. Enter -.25 in the Unit Change field for the only line displayed.
22. Use the down arrow on your keyboard or click on the next line to open a new line.
23. Enter .25 in the Unit Change field, and then tab. Use Shift + F5 to copy Employee Name
data. Enter 01-110-7350-0000-000 in the Expense Account field. Use Shift + F5 to copy
Location data.
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24. Click (B) Done.
2. Enter the Start Date and End Date of the current year.
Frequency = 90 days
8. Query the asset for the maintenance event that you want to view.
12. Enter the selection criteria to select the maintenance schedules that need to be purged, such
as Schedule ID, Asset Number, or Maintenance Date.
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2. (B) Open.
4. (I) Save.
5. In the Run Comparison form, select the XX_Physical from the LOV.
6. (B) Run.
7. View the concurrent request for the PI Comparison program to ensure that it completes
without error, and then return to the Navigator.
8. In the Find Physical Inventory Comparison window, select XX_Physical from the LOV.
9. (B) Find.
10. Note that the 3 lines show in the Physical Inventory Comparison form with Transfer in the
Adjustments Locations column and a Status of Difference.
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If you have Excel 2002 or 2003 installed, change the Macro settings in Excel as
follows:
From the Tools menu, select Macro, then Security, and then Security Level.
1. Enter XXInventory (the physical inventory that you created in the previous demonstration)
in the Select Inventory field and click (B) Continue.2.
2. Enter Excel 2003 in the Viewer field and click (B) Next.
3. Enter Physical Inventory Default in the Layout field and click (B) Next.
4. (B) Open.
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Select Validate Before Upload, Run Comparison, and View Comparison Results.
9. (B) Upload.
10. When the upload completes successfully, click (B) Close. If there are any errors in your
upload, fix the errors and rerun the upload.
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1. Perform the following queries in the Depreciation Methods form to demonstrate some of the
seeded methods. Click the (B) Rates where applicable to demonstrate the Depreciation Rates
form.
2. (I) New.
5. (B) Rates.
7. (I) Save.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
database or a comparable training test instance on which to complete this Practice.
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Tasks
Create a New Depreciation Method
Your Company wants to use a custom, three-year accelerated depreciation method for some of
its assets. The name of the method should be XXDEP with the description of 3-YEAR
ACCELERATED VACRS. This depreciation method is a straight-line method with 3 Life Years and 12
Prorate Periods Per Year. The custom rates for this method are:
Year 1: Periods 1-4, 40%; periods 5-8, 30%; periods 9-12, 20%
Year 4: Periods 1-4, 0%; periods 5-8, 10%; periods 9-12, 20%
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Year Per Per Per Per Per Per Per Per Per Per Per Per
1 2 3 4 5 6 7 8 9 10 11 12
3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3
4 0 0 0 0 .1 .1 .1 .1 .2 .2 .2 .2
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3. In the Periodic Production form, click (I) New to add a new record.
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2. Tab through the subsequent fields and note that Oracle Assets completes the data
automatically.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
database or a comparable training test instance on which to complete this Practice.
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Tasks
Create a New Prorate Convention
You need to create a new prorate convention named XX_PRORATE where assets added on any
date in a month have a prorate date of the first day of the month. Your prorate convention should
use the fiscal year named ACCOUNTING and be set up through December 1994.
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4.
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Save your work.
2. (B) Run.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
database or a comparable training test instance on which to complete this Practice.
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
beforehand in order to be processed.
Tasks
Run a Depreciation Projection
You have been asked to project depreciation for the OPS BUDGET asset book on a quarterly
basis for one year starting with Qtr-1-YY. The projection should present results by cost center
detail.
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5.
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Copyright Oracle, 2010. All rights reserved.
Select the FA Projections Report line and click (B) View Output.
2. (B) Run.
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Assumptions
If you are not attending training at an Oracle University center or an Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
database or a comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
before hand in order to be processed.
Tasks
Perform a What-If Depreciation Analysis
You have been asked what the depreciation effect would be if the depreciation method for all
assets in the COMPUTER-PC category in the OPS CORP asset book was changed to 150DB
with a three-year life. The request asked for depreciation for 12 periods starting with period Jul-
YY.
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5. Select the What-If Depreciation Report line and click (B) View Output.
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2. (B) Retirements.
4. (B) Done.
6. (B) Retirements.
7. Query the retirement performed earlier by either going into query mode based on Reference
Number or performing a query all (Ctrl + F11).
8. (B) Undo Retirement. Confirm the Undo transaction; click the (B) OK.
9. (B) Cancel.
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4. (B) Continue.
6. (B) Done.
8. In the Parameters window, enter OPS CORP book and accept the default period.
9. (B) OK.
11. After the Calculate Gains and Losses program completes, navigate to:
14. Query the preceding retirement performed by either going into query mode based on
Reference Number or performing a query all (Ctrl + F11).
15. Use the down arrow to scroll down to the previous retirement.
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2. (B) Create.
3. Navigate to the View Requests form. (M) View > Requests (B) Find
6. Close the View Output window, and then close the Requests form.
9. (B) Retire.
10. Navigate to the View Requests form. (M) View > Requests (B) Find
13. Back in the Mass Retirements form, query the mass retirement that you just performed.
Note: Because no activity has been generated yet (such as the Calculate Gains and Loss
program) the "Undo" feature is available.
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Assumptions
If you are not attending training at an Oracle University center or an Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
before hand in order to be processed.
Tasks
Perform Partial Asset Retirement
Part of the asset with the tag number XXBLDG has been destroyed. You need to retire half of
the asset.
Run the appropriate program that will calculate the gains and losses for the asset you retired.
The XXBLDG asset has been rebuilt and the retirement needs to be cancelled.
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17. Query the retirement that you processed by entering Ctrl + F11 in the Retirements form.
18. Note that the Gain/Loss field has data. Click (B) Reinstate.
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Note: The Transfer to General Ledger and Post in General Ledger fields are disabled when
you run the process in Draft accounting mode.
3. (B) Okay.
4. (B) Submit.
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1. In the Find Assets window, enter 100111 in the Asset Number field and OPS CORP in the
Book field, and then click (B) Find.
2. When the Find is complete, click (B) Assignments to view the assignment information for
the asset.
4. Return to the Assets form and click (B) Books. Review the financial information for the
asset.
5. Click (B) Transactions and click the ADDITION transaction type line.
7. Close the windows until you return to the View Financial Information form. Click (T)
Depreciation and view the depreciation history for the asset.
8. Return to the View Financial Information form and click (T) Cost History. Review the
information.
9. Return to (T) Depreciation and select (M) Tools > View Accounting. Click (B) View
Journal Entry. Click (B) T Accounts.
10. In the Options form, click (B) T Accounts and note the T Account presentation. Click (B)
Activity Summary and review the information.
14. In the Transaction History form, select (M) Tools > View Accounting. Note that accounting
data is also available in this type of inquiry.
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19. (B) View Transaction. The Transaction History window in Oracle Assets opens, displaying
information about the accounting event.
21. Return to the Accounting Events window (you may need to click (I) Back) and click (B)
View Journal Entries to view the journal entries for this accounting event.
27. Select the check box next to the first two journal entries.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
database or a comparable training test instance on which to complete this practice.
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Investigate an Asset Transaction
You are asked to find out information for an asset transaction and are only given the Reference
Number. You have been informed that the asset is in the XXCORP book and the Reference
Number is 108.
From Oracle Assets, perform the following Oracle Subledger Accounting inquiries:
Accounting Events: Find accounting events with a From Transaction Date of November
1, 2006, a To Transaction Date of April 30, 2007, and the Ledger Vision Operations
(USA). View the transaction history and T-accounts for one of these accounting events.
Journal Entries: Find journal entries in the ledger Vision Operations (USA). The From
GL Date should be after December 31, 2006. Compare two journal entries from the list
of journal entries.
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Journal Entry Lines: Find journal entry lines in the Vision Operation (USA) ledger with
a balancing segment of XX. Select one of the journal entry lines and view the
transaction history and journal entry.
You have been asked to provide the following information for the XXCORP book asset #
100081:
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2. In the Find Assets window, enter 100081 in the Asset Number field and OPS CORP in the
Book field and click (B) Find.
6. Select (M) Tools > View Accounting and note the accounts used to record the original
addition:
DR XX-740-1530-0000-000 30,000.00
CR XX-000-1570-0000-000 30,000.00
7. Close all the windows until you return to the View Financial Information form. Click the (T)
Depreciation.
8. In the Depreciation tabbed region, scroll down until you see the JUL-96 period. Note that
the depreciation expense for this period was 250.00.
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11. In the Find Transactions form, enter the Book OPS CORP and the Reference Number 108.
Click (B) Find.
12. Note that the asset number is 100071 and the description is LAND.
14. In the Find Transactions form, clear the Reference Number field and enter 100071 in the
Asset Numbers range field. Click the (B) Find.
15. In the Transaction History window, click the TRANSFER IN line and click the (B) Details.
19. Click Show on the first transaction in the list of accounting events.
20. Go back to the Accounting Events window (you may need to click (I) Back) and click (B)
View Journal Entries to view journal entries for this accounting event.
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26. Click the Select check box next to the first two journal entries.
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5. Determine whether users will be able to use the self-service transfer functionality.
6. The Enable SelfService Transfer Functionality check box must be selected to enable users
to create transfer requests.
If you do not select this check box, users will only be able to search and view assets.
7. Determine whether users are able to enter a transfer effective date while requesting a
transfer.
If you select the Allow userenterable transaction date check box, users will be able to enter
the current date or any date within the current fiscal year. Users will not be able to enter
future dates.
If you do not select this check box, the transfer date is set to the date that the transfer is
approved.
Approval Options
8. Determine whether fixed asset manager (iAssets manager) approval is required before
applying any self-service transfers.
9. If you select the Require iAssets Manager approval before applying any self-service
transfers check box, Oracle iAssets will require approval from the fixed asset manager. The
fixed asset manager can review the transfer lines from the iAssets Manager Responsibility
and change the request status.
If you do not select the check box, after management approval, all transfer lines will be
transferred to Oracle Assets with a status of Post.
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10. Determine the approval type that will be required for each transfer request.
Both Releasing and Destination approvals required: If you choose this option, an Approver
field appears for each asset selected for transfer on both the releasing and destination
information pages. Both these fields are required. This option is the default approval type.
No approvals required: If you choose this option, all transfer requests are automatically
approved.
Only Destination approvals required: If you choose this option, no Approver field will be
displayed on the releasing information page. The Approver field will appear on the
destination information page.
11. Determine the approval method that will be required for each transfer request.
Cost Centerbased approvals: If you choose this option, the default approver will be the cost
center manager.
Management hierarchybased approvals: If you choose this option, the default approver will
be based on the employee hierarchy relationship. The employee is the person for whom the
transfer is requested. The approver defaults to the user who logs in. This option is the default
approval method.
Security Options:
12. Choose the accounting segments that will be displayed throughout Oracle iAssets.
13. Select the Enforce Security by Cost Center check box to allow users to view and perform
transactions only on assets in their cost center.
If you do not select this check box, users will be able to view and perform transactions on
assets in all cost centers.
Search Options:
14. Determine whether users will be restricted to search only their own requests.
If you select the Restrict users to only search for their saved requests check box, users will
be able to search only their saved requests. If this check box is not selected, users will be
able to query all the requests on the system.
Custom Options:
15. Determine whether you want to add any companyspecific instructions that users need to
follow before submitting a transfer. To add these instructions, you need to select the Enable
custom text input check box and enter the companyspecific information in the Custom Text
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box. This text is visible in the content container on the Create Transfer Request: Request
Details page.
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6. For both Depreciation and Prorate Calendar, choose Monthly from the LOV.
7. Current Period should be DEC-YY (use your own preferred year but it should be a closed
year in the OPS CORP Book in order to perform an Initial Mass Copy later).
8. Leave the Divide Depreciation field as is and let the Last Run Date for depreciation be the
default of todays date.
9. Tab through the remaining fields in the Calendar region or click the Accounting Rules tab.
10. Select the Allow Amortized Changes and Allow Mass Changes check boxes. Note that the
default for these check boxes is deselected.
12. In the Tax Rules section, select the Allow Reserve Adjustments and the Allow Expense
Ceilings check boxes.
13. Select the Allow Mass Copy check box and accept the default values displayed.
14. Tab through the remaining fields of the Accounting Rules region or click the Natural
Accounts tab.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision database or a
comparable training test instance on which to complete this Practice.
Replace XX in the Practice with a unique identifier such as your initials or a number.
(For Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Replace the year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled in
order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Enter Book Header and Calendar Regions Information
Go to the Book Controls form and enter the following Asset Book header and Calendar region
data:
Field Name Value
Name (YYY represents your initials) YYY_TAX BOOK
Class Tax
Description (YYY represents your YYY_TAX BOOK
initials)
Associated Corporate Book OPS CORP
Ledger Vision Operations
Allow GL Posting No (deselected)
Depreciation Calendar Monthly
Prorate Calendar Monthly
Current Period Dec-YY
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2. Enter the Book Controls Header and Calendar Regions data per Task instruction.
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1. In the Asset Categories form, go into query mode, and retrieve the existing BUILDING-
OFFICE asset category.
3. (I) New.
8. (I) Save.
10. Back in the Asset Categories form, click in the Category field, enter query mode, and
retrieve the VEHICLE-OWNED STANDARD category.
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13. From the LOV, select DEMO TAX BOOK for the Book field.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the Practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the Practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
beforehand in order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Assign Asset Categories to the YYYTAX BOOK
To perform a mass copy from the OPS CORP asset book to the YYY_TAX BOOK later, you
need to add the following existing asset categories to the YYY_TAX BOOK. The asset
categories and their applicable data are as follows:
Field Name Asset Category 1 Asset Category 2 Asset Category 3
Category Name COMPUTER-PC VEHICLE-OWNED BUILDING-OFFICE
HEAVY
Asset Cost 01-000-1560-0000-000 01-000-1550-0000-000 01-000-1520-0000-000
Asset Clearing 01-000-1570-0000-000 01-000-1570-0000-000 01-000-1570-0000-000
Depreciation Expense 01-000-7360-0000-000 01-000-7350-0000-000 01-000-7320-0000-000
Segment
Accumulated 01-000-1660-0000-000 01-000-1650-0000-000 01-000-1620-0000-000
Depreciation
Bonus Expense 01-000-7360-0000-000 01-000-7350-0000-000 01-000-7320-0000-000
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2. In the Asset Categories form, start query mode (F11) and enter COMPUTER-PC in the
Category field. Execute the query (CTRL+F11).
4. From the List of Values for the Book field, choose YYY_TAX BOOK.
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9. Back in the Asset Categories form, click in the Category field, enter query mode (F11), and
retrieve the VEHICLE-OWNED HEAVY category.
10. After the record is retrieved, click in the Book field and click (B) New.
11. From the List of Values, choose YYYTAX BOOK for the Book field.
13. When finished, save your work and close the Default Depreciation Rules form.
14. Back in the Asset Categories form, click in the Category field, enter query mode (F11), and
retrieve the BUILDING-OFFICE category.
15. After the record is retrieved, click in the Book field and click (B) New.
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16. From the List of Values, choose YYY_TAX BOOK for the Book field.
18. When finished, save your work and close the Default Depreciation Rules form.
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1. In the Submit Request form, enter DEMO TAX BOOK as the lone parameter.
2. (B) Submit.
3. Navigate to the View Requests form and click (B) View Output.
Note that there are assets that have the message This assets category is not set up for this
tax book on the report. This is because you assigned only a few asset categories to DEMO
TAX BOOK. There are other categories in the OPS CORP book that you did not set up for
DEMO TAX BOOK. They will not copy, causing this message to display.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
beforehand in order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Perform an Initial Mass Copy for the YYY_TAX Book
You need to copy assets from the OPS CORP book to the YYY_TAX Book for the categories
that you assigned to this tax book in a previous practice.
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2. Enter YYY_TAX BOOK as the parameter for the request. Click (B) Submit.
4. For the Initial Mass Copy request line, click (B) View Output.
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2. (B) Books.
6. (B) Done.
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Assumptions
If you are not attending training at an Oracle University center or Authorized Partner
Education Center, you must have access to an Oracle Application Vision demonstration
Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).
Replace XX in the practice with a unique identifier such as your initials or a number
(for Instructor-Led Training classes, this number is assigned to you). This is necessary
in order to create unique records within the database when performing the practice.
Replace any year references of YYYY and YY with the calendar year of your choice or
as directed by the Instructor (for example, 2002 or Jan-02). Keep in mind that some
transactions require calendar dates and calendar periods to be defined and enabled
beforehand in order to be processed.
The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
Tasks
Add an Asset Using QuickAdditions
You need to add a new asset using QuickAdditions to the OPS CORP book with the following
data:
Field Name Value
Description Brand New BMW
Tag Number XX_BMW
Category VEHICLE-OWNED LUXURY
Book OPS CORP
Cost 32,000
Expense Account 01-120-7350-0000-000
Location USA-NY-NEW YORK-NONE
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You need to manually add the Brand New BMW to the OPS FEDERAL book and change the
depreciation method to MACRS HY with a 5-year life.
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5. In the Find Assets form, enter either the asset number or tag number (XX_BMW).
6. Enter OPS CORP in the Book field and click (B) Find.
7. Back in the Assets form with the BMW now displayed, click (B) Books.
8. Choose OPS FEDERAL from the list of values for the Book field.
9. Tab to or click in the Current Cost field. The asset information should now be displayed.
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4. (B) Done.
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