Oracle Assets r12 Summary

Oracle Assets r12 Summary

Compiled By:
Prasanna Kumar Reka
Oracle Applications Consultant
rekaapps@yahoo.com

Topics:

1. SLA Integration
2. Mass Additions Interface Enhancement
3. Reporting using XML Publisher
4. Automatic Depreciation Rollback
5. Other Enhancements

Few changes made in Oracle Assets module but are very useful.

SLA Integration

• Asset accounting is tightly integrated with SLA, users can use the seeded accounting definitions or can define custom definitions leveraging the flexibility of SLA.

Mass Additions Enhancements

• New columns provided to Mass Additions interface tables to import certain values like asset life, depreciation method etc from legacy systems without deriving from asset category setups

• New extensible pubic APIs provided to automatically prepare mass additions without user interface for all required attributes such as expense account, asset category, location etc.

XML Reports

• XML publisher support major asset transaction reports in variable formats by creating your own templates using familiar tools such as Acrobat, Word and Excel.

Automatic Depreciation Rollback

• Function to Roll Back Depreciation is removed as it is handled by the Assets automatically.

• If users need to make adjustments to one or few assets after running depreciation without closing period, they can proceed to do so, oracle assets rollback depreciation for the assets adjusted automatically

• Assets for which depreciation was rolled back is automatically picked up during the next depreciation run or at the time that the depreciation period is finally closed.

Other Enhancements

• Enhanced logging for Asset Transactions and Programs
• Enhanced functionality for Energy industries a) Asset Impairment b) Energy units of Production Method (UOP) c) Energy straight line method.