New Features in Oracle Fixed Assets Release 12

Madhulika Deshmukh, Oracle Corporation, Product Management

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracles products remains at the sole discretion of Oracle.

Agenda
New and Enhanced features in R12
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Technical changes & Critical patches Summary Q&A

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New/Enhanced features in Release 12

New/Enhanced features in Release 12

Enhancements to Mass Additions feature Automatic Depreciation Rollback Flexible Accounting using SLA Enhanced Reporting using XML Publisher Enhanced features for Energy Industry

Mass Additions
11i Process Asset Category used to default key asset financial information like
Asset Life Depreciation Method Prorate convention Salvage Value Depreciation Limit Bonus Rule

R12 Process New columns added to FA_Mass_Additions table

Asset Life columns New Depreciation Method Prorate convention Depreciation Limit & Amount Bonus Rule Salvage Value type & Amount

added

No provision for populating these values in the interface table Freight, tax, discount lines had to be manually merged to the parent asset distribution line

Web ADI Mass Additions template enhanced to include new columns Tight integration with SLA Post Accounting programs to determine which line types go to Fixed Assets.

Mass Additions

Auto-prepare Mass Additions

New Program: Prepare Mass Additions. Mass Addition rules defined in Quick Codes.

Rules defined in the API: Energy FA_MASSADD_PREP Industry specific Default ARE_PKG rules Rule. Asset category derived from clearing account. Expense A/c from Asset clearing account by replacing natural account segment.

Automatic Depreciation Rollback

R12 Process
Automatic Rollback of depreciation Depreciation rolled back only for the

required asset.
Conditions: Depreciation has been processed

for the period

Period not closed Asset picked up automatically in the

next depreciation run.

Flexible Accounting using SLA

Create Accounting

Flexible Accounting using SLA

Oracle Assets fully integrated with Subledger Accounting Transactions in FA denoted by different Event Classes
Transactions
Additions, Adjustments, Capitalizations, Reclassification, Retirements, Unit Adjustments, Unplanned Depreciation etc Depreciation & Depreciation Rollback Source Line transfers, Reserve Transfers etc Deferred Depreciation

Depreciation Inter Asset Transfers Deferred Depreciation

Flexible Accounting using SLA

Use seeded Account Derivation definitions or modify as per requirements. Continued support of Account Generator for existing Asset books.
FA: Use Workflow Account Generation = Yes

SLA Options in the menu for online inquiry Account Drilldown report replaced by SLA Account Analysis report.

Flexible Accounting using SLA

Reporting using XML Publisher

XML reporting is available for major Asset Transaction reports:
Asset Transfers Report Transaction History Report Asset Reclassification Report Mass Additions Create Report Cost Adjustment Report Cost Summary Report CIP Summary Report Reserve Summary Journal Entry Reserve Ledger Asset Additions Report

CIP Capitalization Report Mass Additions Posting Asset Retirements

Reporting using XML Publisher

Energy Assets Functionality

Energy Industry specific functionality now available as part of standard Fixed Assets product Custom Energy Industry rule for Automatic creation of assets through Mass Additions New Energy Unit of production method for both Group and standalone Assets.
Depreciation = Net Book Value * {(Production for the Period)/ (Net Remaining Production Capacity)} Net remaining Production capacity = Total Capacity-Production used till date.

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Technical changes & Critical Patches

Technical Changes
Retirements & Revaluations allowed in period of addition Adjustments in period of addition are created ADJUSTMENT transactions with their own accounting event and not as ADDITION/VOID. BOOKS row in FA_DEPRN_SUMMARY is not updated. Catchup expense for assets added with a backdated DPIS is taken at the time of transaction and not deferred to the Depreciation run. Adjustment entries for prior period transfers for Depreciation expense/reserve taken at the time of transaction and not deferred to depreciation run.

Technical Changes
Accounting lines are now stored in the SLA Tables: xla_events xla_ae_headers xla_ae_lines xla_distribution_links by linking to the event id in the FA_Transaction_Headers and FA_Deprn_Summary tables. CCID no longer stored in the FA_Adjustments table.

New APIs & Programs

New public APIs introduced
Depreciation Rollback API Tax Reserve Adjustment API FA_Massadd_Prepare_pkg.prepare mass additions

New Programs
Create Accounting Assets Transfer to GL Assets Calculate Deferred Depreciation Prepare Mass Additions

Obsoleted Programs
Rollback Depreciation Create Journal Entries Rollback Journal Entries Create Deferred Journal Entries

Critical Patches
6860984:R12.FA.A : Ensures that the transaction always posts to the correct period. The code compares the transaction date with the event date and takes the greater of the two to pick up the transaction for accounting. 7409454:R12.FA.A : Adjustments to depreciation reserve in period of addition. 7268720:R12.FA.A : Group assets issues fixes.

Summary

New and Changed Features in Release 12

Process Efficiency Enhancements to Mass Additions feature Automatic Depreciation Rollback Industry Enhancements
Enhanced Functionality for Energy Industry Flexible Accounting Uptake of Subledger Accounting Architecture Flexible Reporting Reporting using XML Publisher

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Retirements & Revaluations now allowed in period of addition

QUESTIONS ANSWERS

Where to find additional information ?

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On the Knowledge tab, under Support Tools, select Advisor Webcasts E-Business Suite Release 12 Information Center

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