11.5.6 Lease Payment Pushed to Oracle Payables - Manage your asset leases from Oracle Assets to ensure on-time payments. You can select payment specific payment lines for multiple leases and export them to the Oracle Payables system. You also have the flexibility to direct these payments to different accounts at the payment line level.
Mass External Retirements - You can sync up asset disposal information between Oracle Assets and external inventory tracking systems via the Mass External Retirements interface. Full or partial unit asset retirements can be imported in mass via an interface table and concurrent program.
Enhanced Messaging in Accounts Generator - Account Generator builds the general ledger account combinations used to generate the general ledger journals by Oracle Assets. The enhanced messaging capability helps you troubleshoot problems encountered during the process, such as invalid account segments. Online error messages precisely indicate the Asset Book, Account Type, Concatenated Segments and Distribution information necessary for troubleshooting.
New Features
Enhanced Mass Transfers - Now Mass Transfers can accept an entire account combination or a partial combination in the From and To criteria. This enhancement makes it simpler to transfer a range of assets from one segment to another, e.g. from one department to another.
11.5.8
Overview
Oracle Assets, a comprehensive asset management solution, ensures maintenance of accurate property and equipment inventory as well as optimal accounting and tax strategies.
New Features Manual Depreciation Override - With Manual Depreciation Override users can overwrite the current system calculated depreciation amounts with manual entries.
Depreciable Basis Formula - This feature provides flat rate extension rules capability by allowing application of special rules to the depreciable basis. It is used in Japan to support legal depreciation method changes.
View Currency Details - The View Currency Details window lets you view transaction amounts in the primary and reporting functional currencies simultaneously from a single responsibility. Users can see the entered currency, primary functional currency, and all reporting functional currencies for a transaction in one window without having to switch user responsibilities.
Common Transaction API - Now Oracle Assets Power Users can submit transactions directly thru PL/SQL using our convenient Transaction API's. Instead of navigating thru the regular application, you can bypass the forms to directly submit various financial transactions against your assets. Details below pertain to all new Transaction APIs released with Oracle Assets 11i.FA.J.
Additions API - Add your assets without going thru the Asset Workbench. Use the new Additions API to submit your transactions using PL/SQL.
Adjustments API - Make cost adjustments to your assets without going thru the Asset Workbench. Use the new Adjustments API to submit your transactions using PL/SQL.
Retirements and Reinstatements API - Perform asset retirements and reinstatements without going thru the Asset Workbench. Use the new Retirements API to submit your transactions using PL/SQL.
Transfers and Unit Adjustments API - Make asset transfers and unit adjustments without going thru the Asset Workbench. Use the new Transfers and Unit Adjustments API to submit your transactions using PL/SQL.
Reclassifications API - Perform asset reclassifications without going thru the Asset Workbench. Use the new Reclassifications API to submit your transactions using PL/SQL.
Capitalizations API - Capitalize your assets without going thru the Capitalize CIP Assets form. Use the new Capitalizations API to submit your transactions using PL/SQL. Unplanned Depreciation API - Enter in unplanned depreciation without going thru the Asset Workbench. Use the new Unplanned Depreciation API to submit your transactions using PL/SQL.
Asset Description API - Update asset details without going thru the Asset Workbench. Use the new Asset Description API to submit your transactions using PL/SQL.
Parallelized Mass Transactions - Speed up processing time by taking advantage of multiple parallel processors when performing a mass transaction. Specify how many processors you have, and when you run any mass transaction, it will automatically be split across those processors. This can be done with the following mass transaction processes: Mass Copy, Mass Retirement, Mass Transfer, Calculate Gains and Losses, Mass Reclassification, Mass Change, and Upload Tax Reserve.
Enhanced Mass Retirements - Mass Retirements is now more streamlined and easy to use. Create and review mass retirements and reinstatements before actually posting them to the system. This allows more flexibility and accuracy when performing mass retirements and reinstatements.
Enhanced Mass Change and Mass Transfers - You can now perform backdated amortized adjustments thru the Mass Change form. Also, Mass External Transfers and Mass External Source Line Transfers have been isolated into separate programs for more convenient transfer posting.
Mass Copy Continue Despite Errors - Mass Copy will now continue processing all included assets as specified by the user despite errors. The program will list those assets that fail to be copied and allow the user to make corrections on the failed assets.
11.5.9
Overview
Oracle Assets, a comprehensive asset management solution, ensures maintenance of accurate property and equipment inventory as well as optimal accounting and tax strategies. The following are the features that are new with 11.5.9 Enhanced Multiple Reporting Currency (MRC) Processing: Depreciation, Rollback Depreciation, Create Journal Entries and Rollback Journal Entries can now be processed simultaneously for the Primary Currency and Reporting Currency books. The Journal Entry Reserve Ledger and Tax Reserve Ledger reports can now be run from a single responsibility associated with the primary functional currency.
Override Depreciation in MRC-enabled Books - The ability to override system-calculated depreciation amounts is now available for MRC-enabled asset books.
Enhanced Mass Transfers - Users can now transfer assets by category.
Source Line Retirement - Users can now retire source lines associated with an asset on the Asset Workbench.
Japanese Depreciable Tax Report Enhancement - The enhanced Japanese Depreciable Tax Report offers the ability to derive theoretical and evaluated net book values of assets from previous years’ values. The report can be run for a range of States. Enhanced Mass Revaluations - When revaluing assets in a tax book, users can now optionally include CIP assets.
11.5.10 Group Depreciation - Group Depreciation simplifies management of large volumes of assets by pooling individual assets into groups. This feature also enables companies to comply with tax, financial and regulatory reporting governing asset depreciation. Examples of such reporting are Capital Cost Allowance in Canada, Written Down Value in UK, Asset Depreciation Ranges in US, tax reporting of Blocked Assets in India and corporate tax reporting in Japan.
Retirement Notification - Retirement Notification streamlines the process of retiring massive numbers of assets. Users in the field can raise retirement notifications to fixed assets accountants by specifying certain options such as category, FIFO and number of assets, etc. The system selects assets based on the selected criteria and retires them when the fixed assets accountants approve the selection.
Mass Property - Mass Property Asset Treatment provides companies with high asset volumes the ability to treat similar assets installed in the same fiscal year as a single asset, which holds the aggregate cost and units. Storing assets in this manner greatly simplifies the tracking, reporting, analysis and ultimately the retirement of these assets, since all like assets from a particular vintage year are stored as an individual asset.
Mass External Transfers - Mass External Transfers offers an open interface for accepting asset transfers and source line transfers from external systems. Enhanced Depreciation Override - Depreciation Override provides a mean to ‘true-up’ an asset’s depreciation expense and bonus depreciation expense for a given accounting period. A new form will be available for entering user-defined expense amounts to override system-calculated amounts.
Business Events - Oracle Assets now supports the subscription of Business Events for addition, retirement and transfer of assets using Oracle Workflow. Business Events simplify integration between Oracle Assets and other systems by minimizing the need for custom database triggers. Enhanced ‘What-If’ Analysis in Multiple Reporting Currencies (MRC) - What-if Analysis and the following reports can now be processed from a single application responsibility related to the primary currency book:• Reserve Summary• Reserve Detail• Cost Summary• CIP Summary• Cost Detail• CIP Detail• Asset Additions• Cost Adjustments• Asset Retirements• Fully Reserved Assets• Account Drill Down• Drill Down Report• Cost Clearing Reconciliation• Journal Entry Reserve Ledger• Tax Reserve Ledger
Asset Trace Utility - Asset Trace Utility provides a comprehensive view of asset data for diagnoses and troubleshooting. This HTML report shows data stored major transaction database tables for a given asset. Group Asset Security - A group asset can now be enabled or disabled from the Asset Workbench. A disabled group will not depreciate and you cannot perform any transactions affecting the group asset. Support for CIP Assets in Groups - CIP assets can now be assigned to Group Assets. This option is controlled at the Asset Book level. Polish Tax Depreciation - New depreciable basis rules will be provided for compliance of Polish tax regulations governing the depreciation of assets. Enhanced Asset Inquiry - Asset Inquiry is a self-service inquiry tool that allows you to access real-time information of your assets. This tool is enhanced with Advanced Search capability and additional search parameters. You can also view attachments to assets such as documents, images, video and audio clips, etc. |
