Practice R12 Assets1

R12 Asset Management
Fundamentals Supplemental
Practices
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D49290GC10
Edition 1.0
June 2007
D50609
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Copyright 2007, Oracle. All rights reserved.

This document contains proprietary information and is protected by copyright and other intellectual property laws. You may copy and
print this document solely for your own use in an Oracle training course. The document may not be modified or altered in any way.
Except where your use constitutes "fair use" under copyright law, you may not use, share, download, upload, copy, print, display,
perform, reproduce, publish, license, post, transmit, or distribute this document in whole or in part without the express authorization
of Oracle.
The information contained in this document is subject to change without notice. If you find any problems in the document, please
report them in writing to: Oracle University, 500 Oracle Parkway, Redwood Shores, California 94065 USA. This document is not
warranted to be error-free.
If this documentation is delivered to the United States Government or anyone using the documentation on behalf of the United
States Government, the following notice is applicable:
U.S. GOVERNMENT RIGHTS
The U.S. Governments rights to use, modify, reproduce, release, perform, display, or disclose these training materials are restricted
by the terms of the applicable Oracle license agreement and/or the applicable U.S. Government contract.
Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. Other names may
be trademarks of their respective owners.
Authors
Gail DAloisio, Brent A. Bosin, and Paul Scott
Technical Contributors and Reviewers
Kathy Wohnoutka, Ruth Kukla, Jan Quist, JongSung Ahn, Chris Rudd, Som Viswapathy, and
Bruce Isner
This book was published using:
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Table of Contents
Supplemental Student Practices .....................................................................................................................1-1
Release 12 Oracle Asset Management Fundamentals ...................................................................................1-3
Objectives ......................................................................................................................................................1-4
Setup..............................................................................................................................................................1-5
Practice - Create a New User (Required)..................................................................................................1-6
Asset Controls Setup .....................................................................................................................................1-8
Practice - Create a Location (Required).....................................................................................................1-9
Practice - Define Quickcodes (Required) ..................................................................................................1-10
Guided Demonstration - Create a Fiscal Year Calendar (Optional) ..........................................................1-11
Guided Demonstration - Create a Depreciation Calendar (Optional) ........................................................1-12
Asset Books ...................................................................................................................................................1-13
Practice - Create a CORP Depreciation Book (Required) .........................................................................1-14
Guided Demonstration - Review Security by Book Setup (Required) ......................................................1-17
Asset Categories ............................................................................................................................................1-21
Practice - Create Category Values (Required)...........................................................................................1-22
Practice - Create Asset Clearing Accounts (Required) ..............................................................................1-24
Practice - Add Asset Categories to a Corp Book (Required).....................................................................1-26
Practice - Verify Assets Added to a Corp Book (Required) ......................................................................1-28
Asset Additions .............................................................................................................................................1-29
Practice - Add an Asset Using QuickAddition (Required) ........................................................................1-30
Practice - Add an Asset using Detailed Additions (Required)...................................................................1-32
Guided Demonstration - Enter Suppliers (Optional) .................................................................................1-34
Guided Demonstration - Enter Operating Lease Details (Optional) ..........................................................1-35
Guided Demonstration - Enter Capital Lease Details (Optional) ..............................................................1-37
Guided Demo - Create Invoices from a Capital Lease (Optional).............................................................1-39
Guided Demo - Enter and Assign an Asset Warranty (Optional) ..............................................................1-40
Mass Additions ..............................................................................................................................................1-41
Practice - Add Assets using Mass Additions (Required) ...........................................................................1-42
Practice - Merge Tax and Prep into the Server Hardware (Required) .......................................................1-45
Practice - Split an Invoice Line into Multiple Assets (Required) ..............................................................1-47
Practice - Add an Invoice Line to an Existing Asset (Required) ...............................................................1-49
Practice - Run Asset Related Reports (Required)......................................................................................1-52
CIP Asset Additions ......................................................................................................................................1-54
Practice - Add CIP Asset Shells (Required) ..............................................................................................1-55
Practice - Add Labor to CIP Assets (Required).........................................................................................1-57
Practice - Add Invoice Lines to a CIP Asset (Required) ...........................................................................1-58
Practice - Capitalize a CIP Asset (Required) .............................................................................................1-59
Asset Adjustments .........................................................................................................................................1-60
Practice - Reclassify an Asset (Required)..................................................................................................1-61
Practice - Adjust Asset Units (Required)...................................................................................................1-62
Practice - Adjust Asset Cost (Required) ....................................................................................................1-63
Practice - Transfer an Asset (Required).....................................................................................................1-64
Practice - Enter a Physical Inventory (Required).......................................................................................1-65
Practice - Create and Compare a Physical Inventory in Web ADI ............................................................1-68
Solution Create and Compare a Physical Inventory in Web ADI...........................................................1-70
Practice - Add Assets for Mass Transactions (Required) ..........................................................................1-72
Practice - Mass Reclassify Assets (Required) ...........................................................................................1-76
Practice - Mass Transfer Assets (Required)...............................................................................................1-78
Depreciating Assets .......................................................................................................................................1-80
Practice - Run Depreciation (Optional) .....................................................................................................1-81
Practice - Set up a Depreciation Calendar (Required) ...............................................................................1-82
Practice - Set up a Depreciation Method (Required) .................................................................................1-84
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Copyright Oracle Corporation, 2007. All rights reserved.
R12 Asset Management Fundamentals Supplemental Practices Table of Contents

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Practice - Set up a Prorate Convention (Required) ....................................................................................1-85

Practice - Run Depreciation Projections (Required)..................................................................................1-87
Practice - Perform a What-If Analysis (Required).....................................................................................1-88
Practice - Project Depreciation for Assets not yet Placed in Service (Required).......................................1-89
Processing Retirements..................................................................................................................................1-91
Practice - Partially Retire an Asset (Required) ..........................................................................................1-92
Practice - Reinstate a Partially Retired Asset (Required) ..........................................................................1-94
Tax Books......................................................................................................................................................1-95
Practice - Create a Tax Book (Required)...................................................................................................1-96
Practice - Add Categories to a Tax Book (Required) ................................................................................1-99
Practice - Verify Categories are Added to your Tax Book (Required)......................................................1-101
Practice - Run Initial Mass Copy (Required).............................................................................................1-102
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Preface
Profile
Before You Begin This Course
Basic knowledge of business accounting concepts
Familiarity with data processing concepts and techniques
Prerequisites
R12 Navigate Oracle Applications
R12 eBusiness Suite Essentials for Implementers
How This Course Is Organized

This is an instructor-led course featuring lecture and hands-on exercises. Online demonstrations
and written practice sessions reinforce the concepts and skills introduced.
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Related Publications
Oracle Publications
Title
Part Number
Oracle Assets User Guide
B31177
Oracle iAssets User Guide
B31179
Additional Publications
System release bulletins
Installation and users guides
Read-me files
International Oracle Users Group (IOUG) articles
Oracle Magazine
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Typographic Conventions
Typographic Conventions in Text
Convention
Bold italic
Caps and
lowercase
Courier new,
case sensitive
(default is
lowercase)
Initial cap
Element
Glossary term (if
there is a glossary)
Buttons,
check boxes,
triggers,
windows
Code output,
directory names,
filenames,
passwords,
pathnames,
URLs,
user input,
usernames
Arrow
Brackets
Commas
Graphics labels
(unless the term is a
proper noun)
Emphasized words
and phrases,
titles of books and
courses,
variables
Interface elements
with long names
that have only
initial caps;
lesson and chapter
titles in crossreferences
SQL column
names, commands,
functions, schemas,
table names
Menu paths
Key names
Key sequences
Plus signs
Key combinations
Italic
Quotation
marks
Uppercase
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Example
The algorithm inserts the new key.
Click the Executable button.
Select the Cant Delete Card check box.
Assign a When-Validate-Item trigger to the ORD block.
Open the Master Schedule window.
Code output: debug.set (I, 300);
Directory: bin (DOS), $FMHOME (UNIX)
Filename: Locate the init.ora file.
Password: User tiger as your password.
Pathname: Open c:\my_docs\projects
URL: Go to http://www.oracle.com
User input: Enter 300
Username: Log on as scott
Customer address (but Oracle Payables)
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Do not save changes to the database.

For further information, see Oracle7 Server SQL Language
Reference Manual.
Enter user_id@us.oracle.com, where user_id is the
name of the user.
Select Include a reusable module component and click Finish.
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This subject is covered in Unit II, Lesson 3, Working with

Objects.
Use the SELECT command to view information stored in the

LAST_NAME
column of the EMP table.
Select File > Save.

Press [Enter].
Press and release keys one at a time:
[Alternate], [F], [D]
Press and hold these keys simultaneously: [Ctrl]+[Alt]+[Del]
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Typographic Conventions in Code

Convention
Caps and
lowercase
Lowercase
Element
Oracle Forms
triggers
Column names,
table names
Example
When-Validate-Item
Passwords
DROP USER scott

IDENTIFIED BY tiger;
OG_ACTIVATE_LAYER
(OG_GET_LAYER (prod_pie_layer))
SELECT last_name
FROM s_emp;
PL/SQL objects
Lowercase
italic
Uppercase
Syntax variables
CREATE ROLE role
SQL commands and SELECT userid

FROM emp;
functions
Typographic Conventions in Oracle Application Navigation Paths

This course uses simplified navigation paths, such as the following example, to direct you
through Oracle Applications.
(N) Invoice > Entry > Invoice Batches Summary (M) Query > Find (B) Approve
This simplified path translates to the following:
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1.
(N) From the Navigator window, select Invoice then Entry then Invoice Batches
Summary.
2.
(M) From the menu, select Query then Find.
3.
(B) Click the Approve button.
Notations:
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(N) = Navigator
(M) = Menu
(T) = Tab
(B) = Button
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(I) = Icon
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(H) = Hyperlink
(ST) = Sub Tab

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Typographical Conventions in Oracle Application Help System Paths

This course uses a navigation path convention to represent actions you perform to find
pertinent information in the Oracle Applications Help System.
The following help navigation path, for example
(Help) General Ledger > Journals > Enter Journals
represents the following sequence of actions:
1.
In the navigation frame of the help system window, expand the General Ledger entry.
2.
Under the General Ledger entry, expand Journals.
3.
Under Journals, select Enter Journals.
4.
Review the Enter Journals topic that appears in the document frame of the help system
window.
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Supplemental Student
Practices
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Chapter 1
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Supplemental Student Practices
Chapter 1 - Page 1
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Chapter 1 - Page 2
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Release 12 Oracle Asset Management Fundamentals
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Chapter 1 - Page 3
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Objectives
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Chapter 1 - Page 4
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Setup
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Instructor Prep Notes

Open accounting periods in GL for Vision Operations. The current month should
correspond to the current calendar period.
Open periods in AP. The current month should correspond to the current calendar period.
Sequential Numbering = Not used
Set the Java:Color Scheme profile option to Blue
Verify Responsibility Level, FA: Print Debug = No
Verify Responsibility Level, FA: Print Timing Diagnostics Flag = No
Verify that Invoice Batching is not enabled.
Set Payables Options to default journal import to "Yes", disallow override.
Set Payables Options to send journals to the GL in summary by period.
Disable Lease GUI descriptive flexfield.
Log in as Services/Welcome and add asset 100296 to SVCS FEDERAL book
Add 00_Class
Set the HR:User Type profile option to HR with Payroll User at the Application level
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Chapter 1 - Page 5
Practice - Create a New User (Required)

Overview
In this practice you will create a new user.
Assumptions
Replace XX with your terminal number or initials.
You must have access to an Oracle Application Vision database or comparable training
or test instance at your site on which to complete this practice.
Tasks
Sign on to Oracle Applications
1.
Sign on
User Name = operations
Password = welcome
2.
Responsibility = System Administrator
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Create a New User

3.
Add a New User
(N) Security > User > Define
Field
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Value
User Name
XXUSER
Password
welcome (Tab, re-enter to verify)
Person
Pat Stock (Choose from the list of

values. This might be last name first
or first name last depending on the
version of the form. Choose the Pat
Stock with the pstock@vision.com
email address.
Add Responsibilities
4.
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Add the following responsibilities to your new user:
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Responsibility
Security
Chapter 1 - Page 6
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Assets, Vision Operations
Standard
Assets, Vision Services
Standard
Fixed Assets Manager
Standard
Assets, Vision Project Mfg
Standard
General Ledger, Vision Operations
Standard
Payables, Vision Operations
Standard
Projects, Vision Services
Standard
Purchasing, Vision Operations
Standard
System Administrator
Standard
5.
Exit the forms based applications
6.
Make the Personal Home Page the active page
7.
(L) Logout
Log in with your user

8.
Note:
9.
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Login = XXUser
System will prompt you to create a new Password:
Password = welcome
Old Password = welcome
New Password = XXuser (Tab, re-enter to verify)
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Responsibility = Assets, Vision Operations
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Chapter 1 - Page 7
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Asset Controls Setup
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Chapter 1 - Page 8
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Practice - Create a Location (Required)

Overview
In this practice you will create a new location.
Assumptions
Tasks
Create a New Value
1.
Responsibility = Assets, Vision Operations
2.
Navigate to the Values window
3.
(B) Find
4.
Add XXBLDG200
Enter a location
5.
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Navigate to the Locations window.
6.
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(N) Setup > Financials > Flexfields > Validation > Values
Name = Vision FA Building
(N) Setup > Asset System > Locations
Add the following new location:

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.
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Chapter 1 - Page 9
Practice - Define Quickcodes (Required)

Overview
In this practice you will create two new Quickcode values.
Assumptions
Tasks
Define QuickCodes
1.
Navigate to the QuickCodes window.
2.
(N) Setup > Asset System > QuickCodes
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Add QuickCodes according to the table below.
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Note: you must FIRST query the quickcode, THEN add the value.
Type
Value
Description
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RETIREMENT
XXSALE
Sale
ASSET DESCRIPTION
XXHIGH SPEED COMPUTER
High Speed Computer
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Chapter 1 - Page 10
Guided Demonstration - Create a Fiscal Year Calendar (Optional)

Responsibility: Assets, Vision Operations (USA)
(N) Setup > Asset System > Fiscal Years
1.
Create a new fiscal year

Fiscal Year Name = XXACCOUNTING
Description = Standard Accounting Calendar
From Date = 01-JAN-1850
To Date = 31-DEC-1850
Fiscal Year = 1850
2.
Create fiscal years up to the current fiscal year.
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Chapter 1 - Page 11
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Guided Demonstration - Create a Depreciation Calendar

(Optional)
(N) Setup > Asset System > Calendars
1.
Create a new calendar

Calendar = XXMonthly
Description = XXMonthly
Fiscal Year Name = XXACCOUNTING
Periods Per Year = 12
2.
Create a full year calendar from the prior year through the current year.
Number
Name
From Date
To Date
Jan-XX (where XX is LAST year)
01-Jan-20XX
31-Jan-20XX
Feb-XX (where XX is LAST year)
01-Feb-20XX
29-Feb-20XX (if this errors, try 28Feb-20XX)
Etc
Etc
Etc
Etc
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Caution! The period name must match to the corresponding GL Calendar period name (this
is case sensitive) or accounting will not transfer to the General Ledger.
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Note: The beginning and end dates are validated against the fiscal year calendar.
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Chapter 1 - Page 12
Asset Books
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Chapter 1 - Page 13
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Practice - Create a CORP Depreciation Book (Required)

Overview
In this practice you will create a new CORP depreciation book.
Assumptions
Tasks
Add a Company to the Operations Company Value Set
1.
Navigate to the Segment Values window
Name = Operations Company
2.
(B) Find
3.
Add a new value according to the following table:
Terminal
Value
01
51
02
52
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53
04
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05
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06
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07
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08
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09
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12
60
Description
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You choose
You choose
You choose
You choose
You choose
You choose
You choose
You choose
You choose
You choose
61
You choose
62
You choose
Chapter 1 - Page 14
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Create a Corp depreciation book

4.
Navigate to the Book Controls window.
5.
(N) Setup > Asset System > Book Controls
Enter the given parameters according to the following table:

Field
Value
Book
XXCORP BOOK
Description
XXCORP BOOK
Class
Corporate
Associated Corporate Book
XXCORP BOOK
6.
(T) Calendar
7.
Enter information according to the following table:

Field
Value
GL Set of Books
Vision Operations
Allow GL Posting
Yes
Depreciation Calendar
Monthly
Prorate Calendar
Monthly
Current Period
Dec-XX (use LAST

year)
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Divide Depreciation
(use By Days if you are using a 4-4-5
Calendar)
Evenly
Depreciate if Retired in First Year
Yes
8.
(T) Accounting Rules
9.
Check or leave unchecked the specified check boxes:

Field
Value
Allow Amortized Changes
Checked
Allow Mass Changes
Checked
Allow Revaluations
Unchecked
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Chapter 1 - Page 15
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10. (T) Natural Accounts

11. Use the following information to set up accounts
Account
Gain
Loss
Clearing
Proceeds of Sale
7850
7851
1247
Cost of Removal
7852
7853
2240
Net Book Value Retired
7854
7855
N/A
Reval Reserve Retired
7854
7855
N/A
Field
Account
Intercompany Receivables
1810
Intercompany Payables
2370
Deferred Depreciation Reserve
2540
Deferred Depreciation Expense
7860
Depreciation Adjustment
1690
Account Generator Defaults
XX-000-9999-0000-000
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12. (T) Journal Categories

Journal Source = Assets
13. Enter journal categories according to the following table:
Field - Value
Field - Value
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Additions = Addition
CIP Additions = CIP Addition
Adjustments = Adjustment
CIP Adjustments = CIP Adjustment
Retirements = Retirement
CIP Retirements = CIP Retirement
Reclass = Reclass
CIP Reclass = CIP Reclassification
Transfers = Transfer
CIP Transfers = CIP Transfer
Revaluation = Revaluation
Depreciation = Depreciation
Deferred Dep. = Deferred Dep.
Dep. Adjustment = Dep. Adj.
14. Save
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Chapter 1 - Page 16
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Guided Demonstration - Review Security by Book Setup

(Required)
(N) Assets > Asset Workbench
1.
Review hierarchy setup for Vision Enterprises
Hierarchy for Security by Book

Vision Corporate
FA: Vision
Corporation
Can see all

depreciation
books in hierarchy
OPS Corp
OPS Federal
Vision Operations
FA: Vision
Operations
Vision Services
FA: Vision
Services
Vision, Project Mfg

FA: Vision Project
Mfg
Userid
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PRJ Mfg Corp

PRJ Mfg Fed
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Password
Responsibility
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Security Profile
corporate
welcome
Fixed Assets Manager
FA: Vision Corporation
operations
welcome
Assets, Vision Operations
FA: Vision Operations
services
welcome
Assets, Vision Services
FA: Vision Services
projmfg
welcome
Assets, Vision Project Mfg (MRC)
FA: Vision Proj Mfg
Verify Security for Corporate

2.
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Log on as a new user

User Name = corporate
Password = welcome
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3.
Responsibility = Fixed Assets Manager

Chapter 1 - Page 17
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SVCS Corp
SVCS Federal
4.
Navigate to the Financial Information window.
Inquiry > Financial Information
5.
Find asset number 100081
6.
(B) Books
7.
Verify that asset 100081 can be seen in both the OPS CORP and OPS FEDERAL books.
8.
Repeat the inquiry for the following assets.

Book
Asset No.
Visible?
OPS CORP
100081
Yes
OPS FEDERAL
100081
Yes
SVCS CORP
100132
Yes
SVCS FEDERAL
100296
Yes
Verify Security for Vision Operations

9.
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Change your user to Operations

User Name = operations
Password = welcome
10. Responsibility = Assets, Vision Operations
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11. Requery the assets. You will be able to access the following books and assets:
Book
OPS CORP
OPS FEDERAL
SVCS CORP
SVCS FEDERAL
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Asset No.
Visible?
100081
Yes
100081
Yes
100132
No
100296
No
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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Verify Security for Vision Services
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12. Change your user to Services

User Name = services
Password = welcome
Chapter 1 - Page 18
13. Search for assets assigned to both the OPS CORP and SVCS CORP books
Book
Asset No.
Visible?
OPS CORP
100081
No
OPS FEDERAL
100081
No
SVCS CORP
100132
Yes
SVCS FEDERAL
100296
Yes
Review Asset Organization Setup for Vision Operations

15. Navigate to the Organizations window
(N) Setup > Security > Organization > Description
16. Review asset books associated with this responsibility

Review Asset Organization Setup for Vision Services
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Review Asset Organization Setup for Vision Project Mfg

20. Responsibility = Assets, Vision Project Mfg

Review the Asset Hierarchy
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(N) Setup > Security > Organization > Hierarchy
25. Query the Assets Hierarchy

Chapter 1 - Page 19
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Review the Security Profiles

Security profiles link an asset organization to a responsibility.
26. Navigate to the Security Profile window
(N) Setup > Security > Security
27. Query the following Profiles

Name
FA:Vision Corporate
FA:Vision Operations
FA:Vision Services
FA:Vision Project Mfg
Review the FA: Security Profile Option

Use the Security Profile window to link Profiles to a position in the hierarchy.
28. Responsibility = System Administrator
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29. Navigate to the System Profiles window
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30. Query the following responsibilities and view the associated FA: Security profile option
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Chapter 1 - Page 20
Asset Categories
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Practice - Create Category Values (Required)

Overview
In this practice you will create category values that will be used in creating a new asset category
combination. The goal is to be able to create category combinations using these values in a later
practice. The category combinations will have the following form:
Category Combinations
XXCOMPUTER-XXPC
XXCOMPUTER-XXNC
XXCOMPUTER-XXSERVER
XXCOMPUTER-XXNETWORK
Assumptions
Tasks
Create an Independent Value of XXCOMPUTER
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(N) Setup > Financial > Flexfields > Validation > Values
Name = Vision FA Major Category
2.
(B) Find
Value = XXCOMPUTER
Description = XXComputer
3.
Save
Add Dependent Values

4.
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(N) Setup > Financial > Flexfields > Validation > Values
Name = Vision FA Minor Category
Independent Value = XXCOMPUTER
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Chapter 1 - Page 22
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5.
(B) Find
6.
Add dependent values according to the following table:

Value
Description
XXPC
PC
XXNC
NC
XXSERVER
Server
XXNETWORK
Network
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Chapter 1 - Page 23
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Practice - Create Asset Clearing Accounts (Required)

Overview
In this practice you will create asset-clearing accounts that you will use for your categories.
Assumptions
Tasks
Create asset clearing accounts
1.
Name = Operations Account
2.
(B) Find
3.
Create the value associated with your terminal number based on the following table:
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Chapter 1 - Page 24
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Terminal
Value
Description
Qualifier
01
1581
01_Clearing
Asset
02
1582
02_Clearing
Asset
03
1583
03_Clearing
Asset
04
1584
04_Clearing
Asset
05
1585
05_Clearing
Asset
06
1586
06_Clearing
Asset
07
1587
07_Clearing
Asset
08
1588
08_Clearing
Asset
09
1589
09_Clearing
Asset
10
1591
10_Clearing
Asset
11
1592
11_Clearing
Asset
12
1593
12_Clearing
Asset
4.
Save your changes when done.
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Chapter 1 - Page 25
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Practice - Add Asset Categories to a Corp Book (Required)

Overview
In this practice you will add asset categories to a corporate depreciation book.
Assumptions
Tasks
Add Categories to a Corp book
1.
Navigate to the Asset Categories window.
2.
(N) Setup > Asset System > Asset Categories
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Create a new category combination

Category = XXCOMPUTER-XXNETWORK
Description = Computer Network
Property Type = Personal
Property Class = 1245
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3.
Move the cursor in the Book field

Book = XXCORP BOOK
4.
Specify the accounting information according to the following table (In order to enter
Method and Prorate Convention, click on the Default Rules button):
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Note: For Revaluation Reserve use XX-000-1670-0000-000

Category
Asset
Cost/
*CIP Cost
XXCOMPUTERXXNETWORK
XX-00015600000-000/
XX-00015600000-000
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Asset
Clearing/
*CIP
Clearing
Dep
Exp
XX-000XXXX0000-000/
XX-000XXXX0000-000
7360
Accum Dep
XX-0001660-0000000
Chapter 1 - Page 26
Method/
Life
STL/4
Prorate
Conv
Mid
Month
5.
Query each of the following categories and add them to your asset book.
Note: For Revaluation Reserve use XX-000-1670-0000-000
Category
Asset
Cost/
*CIP Cost
Asset
Clearing/
*CIP
Clearing
Dep
Exp
Accum Dep
Method/
Life
Prorate
Conv
BuildingManufacturing
XX-00015200000-000
XX-000XXXX 0000-000
7320
XX-0001620-0000000
STL/30
Mid
Month
Building-Office
XX-00015200000-000
XX-000XXXX 0000-000
7320
XX-0001620-0000000
STL/30
Mid
Month
Computer-PC
XX-00015600000-000
XX-000XXXX 0000-000
7360
XX-0001660-0000000
STL/4
Mid
Month
Vehicle-Leased
Standard
XX-00015500000-000
XX-000XXXX 0000-000
7350
XX-0001650-0000000
STL/4
Mid
Month
Vehicle-Owned
Heavy
XX-00015500000-000
XX-000XXXX 0000-000
7350
XX-0001650-0000000
STL/4
Mid
Month
Vehicle-Owned
Standard
XX-00015500000-000
XX-000XXXX 0000-000
7350
XX-0001650-0000000
STL/4
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Chapter 1 - Page 27
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Mid
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Practice - Verify Assets Added to a Corp Book (Required)

Overview
In this practice you will verify assets added to a Corp Book.
Assumptions
Tasks
Verify all categories are added to the Corp book
1.
Navigate to the Submit a New Request window:
(N) Other > Requests > Run
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2.
(B) Ok to submit a single request

Name = Asset Category Listing
Book Name = XXCORP BOOK
3.
Submit the request and monitor it to ensure it completes successfully.
4.
Check to ensure all categories you added are in your XXCorp Book.
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Chapter 1 - Page 28
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Asset Additions
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Chapter 1 - Page 29
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Practice - Add an Asset Using QuickAddition (Required)

Overview
In this practice, you will add a new asset into the corporate book you created, accepting the
default rules associated with this asset category.
Assumptions
Tasks
Add an asset using Quick Additions
1.
Navigate to the QuickAdditions window.
(N) Assets > Assets Workbench
2.
(B) QuickAdditions
3.
Enter the following information in the respective fields:

Field
Description
Tag Number
Category
License plate
Value
XXCHEVY BLAZER
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XXCAR
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VEHICLE-OWNED STANDARD
687ABC
License renewal date
14-Dec-2004
Book
XXCORP BOOK
Cost
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Employee Name
Expense Account
Location
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Adams, Mr. Brian
XX-110-7350-0000-000
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.
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Chapter 1 - Page 30
4.
(B) Done
5.
Note the asset number assigned _______________________________
6.
(B) OK
Note: You will see two reference numbers when the asset is added. One is for the addition,
the second is for the assignment.
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Chapter 1 - Page 31
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Practice - Add an Asset using Detailed Additions (Required)

Overview
In this practice, you will add a new asset into your corporate book, specifying details associated
with this asset category.
Assumptions
Tasks
Add an Asset using Detailed Additions
1.
Navigate to the Asset Details window.

2.
(B) Additions
3.

Field
Description
Tag Number
Category
Insurance company
Building size
Value
XXOVERHEAD OFFICE BUILDING
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XXBLDG
BUILDING-OFFICE
Fidelity
500000
4.
(B) Continue
5.

Field
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Book
Value
XXCORP BOOK
Current Cost
10,000,000
Method
STL
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Life Years
15
Chapter 1 - Page 32
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6.
Notice that we can override defaults from the category.
7.
(B) Continue
8.

Field
Value
Unit Change
Expense Account
XX-110-7320-0000-000
Location
USA-NY-NEW YORK-2
9.
(B) Done
10. Note the asset number assigned _______________________

11. (B) OK
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Chapter 1 - Page 33
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Guided Demonstration - Enter Suppliers (Optional)

(N) Setup > Financials > Suppliers
Enter a Supplier
1.
Set up the suppliers by navigating first to the Suppliers Summary window.
2.
(N) Setup > Financials > Suppliers

Supplier Name = XXUPay Less Rentals
Save
Enter a Supplier Site

Enter corresponding site information.
Enter a Supplier
3.
(M) File > New

Supplier Name = XXMaintenance Services
4.
Save.

5.
Enter corresponding site information.
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Enter a Supplier
6.
(M) File > New

Supplier Name = XXIBM Corp.
7.
Save.
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8.
Enter corresponding site information. This should at lease be a pay site as it will be used in
the lease Lab.
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Chapter 1 - Page 34
Guided Demonstration - Enter Operating Lease Details (Optional)

(N) Setup > Asset System > Leases > Lease Payments
1.
Enter Payment Schedule information according to the following table:

Field
Value
Payment Schedule
XXCar Rental
Lease Date
01-Jan-200Y
Interest Rate
12
Compounding
Monthly
Present Value
Leave Blank
2.
Enter payment information according to the following table:
Line
Start Date
01-JAN-200Y
Amount
450
Number
60
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Annuity
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Calculate NPV of Lease Payments
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3.
(B) Calculate
4.
Record the present value.
5.
Save
6.
(B) View Amortization
7.
Save
8.
(B) Yes to save schedule
9.
Close all forms until you are back at the Navigator.
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10. Navigate to the Lease Details window
(N) Setup > Asset System > Leases > Lease Details
Chapter 1 - Page 35
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Lease Number = XXRental Lease

Description = XXRental Lease
Lessor = XXUPay Less Rentals
Lessor Site = Choose a pay site
Note: The Lease type is currently Operating
Payment Schedule = XXCar Rental

Payment Account = XX-110-7740-0000-000
Note that the Present Value of the lease is filled in.
Fair Value = 32000
11. Save
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Chapter 1 - Page 36
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Guided Demonstration - Enter Capital Lease Details (Optional)

(N) Setup > Asset System > Leases > Lease Payments
1.
Enter Payment Schedule information according to the following table:

Field
Value
Payment Schedule
XXServer Lease
Lease Date
01-Jan-200Y
Interest Rate
12
Compounding
Monthly
Present Value
Leave Blank
2.
Enter payment information according to the following table:
Line
Start Date
Amount
Number
01-Jan-200Y
5700
01-Feb-200Y
1900
60
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Note: Leave the end dates blank. Oracle Assets automatically displays an end date.
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Calculate NPV of Lease Payments

3.
(B) Calculate
4.
Record the present value.
5.
Save
6.
(B) View Amortization
7.
Save
8.
(B) Yes to save schedule
9.
Close all forms until you are back at the Navigator.
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Determine Lease Type

10. Navigate to the Lease Details window
Chapter 1 - Page 37
(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: Oracle strongly recommends you use IMMEDIATE as the payment term so when the
invoice is created in Payables, it can be paid right away. If no payment term is specified, the
default from the supplier site will be used and that may cause lease payments to be made
late.
Payment Schedule = XXServer Lease
Payment Account = XX-110-7740-0000-000
Note that the Present Value of the lease is filled in.
Fair Value = 92000
11. Save
Note: The Lease has met the criteria for a Capitalized lease.
Note: Oracle uses SFAS 13 criteria to determine lease type. If any one of the criteria is met,
the lease is a capital lease and the asset must be capitalized and depreciated.
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2. Lease contains a BPO
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3. The lease term is equal to 75% or more of the remaining estimated economic life of the
leased asset at the lease inception.
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4. The NPV of the minimum lease payments is at least 90% of the market value of the lease
asset.
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Chapter 1 - Page 38
Guided Demo - Create Invoices from a Capital Lease (Optional)

(N) Setup > Asset System > Leases > Lease Payments to Payables
1.
Query the lease
2.
Select payments to export
3.
(B) Export
Import Lease Payments into Payables

4.
Responsibility = Payables, Vision Operations
5.
Navigate to the Standard Request Submission window
6.
(B) Ok to submit a single request

Name = Payables Open Interface Import
Source = Oracle Assets
7.
(B) Ok
8.
(B) Submit
9.
Review report output when the request completes.
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Chapter 1 - Page 39
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Guided Demo - Enter and Assign an Asset Warranty (Optional)

(N) Setup > Asset System > Warranties
1.
Enter information according to the table:

Field
2.
Value
Warranty Number
XXP2316
Description
Vehicle Maintenance
Start Date
01-Jan-20YY (current year)
End Date
31-Jan-20YY (current year)
Currency
USD
Cost
150
Supplier Name
XXMaintenance Services
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Assign the warranty to an asset

3.
Navigate to the Assets window.

Tag Number = XXCAR
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4.
(B) Find
5.
(B) Open
Warranty Number = XXP2316
6.
(B) Done
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Chapter 1 - Page 40
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Mass Additions
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Chapter 1 - Page 41
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Practice - Add Assets using Mass Additions (Required)

Overview
In this practice, you will enter invoice lines in Oracle Payables to create data to be used in Oracle
Assets. Invoices entered in Oracle Payables must be approved and sent to Oracle General
Ledger using the Transfer to the General Ledger program before these can be processed.
Assumptions
Tasks
Add Assets using Mass Additions
1.
Switch Responsibilities
2.
Responsibility = Payables, Vision Operations (USA)
3.
Navigate to the Invoices window.
4.
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Enter the following invoice information:

Supplier
Standard
Advanced
Network
Devices.
Site
Santa Clara
Invoice Date
15-Dec-200Y
Y = last year
5.
(B) Distributions
6.
Enter distributions according to the following table:
Line
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(N) Invoices > Entry > Invoices
Type
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Type
Amount
Tax Code
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Invoice
Number
XXINV
Account
108000.00
Description
Item
4172.00 Blank
XX-000-XXXX-0000-000
Tax
Item
2828.00 Blank
XX-000-XXXX-0000-000
Prep
Chapter 1 - Page 42
Amount
Item
51000.00 Blank
XX-000-XXXX-0000-000
Server Hardware
Item
12000.00 Blank
XX-000-XXXX-0000-000
Fees
Item
24000.00 Blank
XX-000-XXXX-0000-000
Laptops
Item
2000.00 Blank
XX-000-XXXX-0000-000
Battery Backup
Item
1200.00 Blank
XX-000-XXXX-0000-000
24 Port Hub
Item
800.00 Blank
XX-000-XXXX-0000-000
Cable
Item
10000.00 Blank
XX-000-XXXX-0000-000
High Speed Server
7.
Save and close the Distributions window.
Validate the Invoice

8.
(B) Actions
Validate = Checked
9.
(B) OK
Create Accounting for the Invoice
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10. (B) Actions

Create Accounting = Checked
11. (B) OK
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Note: There are 4 criteria that must be met before an invoice distribution is sent to Fixed
Assets:
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The invoice distributions must be coded to an asset clearing account associated with a
valid asset category. In our case that account was XX-000-XXXX-0000-000.
The Track as Asset flag must be selected. This will be done automatically if the natural
account was qualified in GL as a type of Asset. In our case, XXXX was associated
with an Account Type of Asset. For expensed items you wish to track in Oracle Assets,
you must manually select the Track as Asset flag.
The invoice distribution must be transferred to GL. Payables Transfer to General
Ledger must have been run and the invoice distribution transferred to General Ledger.
Note that it is NOT necessary to run Journal Import.
The GL Date specified when the Mass Addition Create process includes invoice
distributions on or before the specified date.
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Run the Payables Transfer to General Ledger Process

12. Navigate to the Standard Request Submission window
Chapter 1 - Page 43

Name = Payables Transfer to General Ledger
To Date = Last day of current calendar month
Submit Journal Import = Yes
13. (B) Ok
14. (B) Submit
15. Monitor the request until it completes.
Run the Mass Additions Create Process
16. Navigate to the Standard Request Submission window

Name = Mass Additions Create
GL Date = Last day of current calendar month
Book = XXCORP BOOK
17. (B) Submit
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Chapter 1 - Page 44
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Practice - Merge Tax and Prep into the Server Hardware

(Required)
Overview
The Tax (line 1) and Prep (line 2) lines from your invoice were costs necessary to place the
Server Hardware (line 3) into Service. In this practice, you will merge the Tax and Prep lines
into the Server Hardware line.
Hey, the Tax and Prep lines need

to be merged with the Server
Hardware when you prepare mass
additions.
Prep: 2828.00
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Tax: 4172.00
Server Hardware:
51000.00
Assumptions
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Tasks
Merge Lines Tax and Prep into the Server

1.
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Navigate to the Prepare Mass Additions form.
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(N) Mass Additions > Prepare Mass Additions
Query mass additions by your invoice number

Chapter 1 - Page 45
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
4.
Save your work then merge the Tax and Prep lines into the Server Hardware line.
Prepare Line 3 for Posting

5.
Change the queue to POST
6.
Save
7.
Close the Mass Additions Summary window
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Chapter 1 - Page 46
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Practice - Split an Invoice Line into Multiple Assets (Required)

Overview
Splitting Asset Lines is necessary when one invoice is used to purchase more than one of the
same item and each of those items must have a different asset number. In this practice, you will
split the Laptop line into 4 different assets.
The 24000 laptop represents 4

laptops. Make sure you split it
during your mass additions
process so 4 separate asset
numbers can be assigned.
6000.00
6000.00
6000.00
24000.00
Assumptions
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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:
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Value
Category
COMPUTER-PC
Description
Laptops
Chapter 1 - Page 47
Units
2.
Complete Distributions according to the following table:
Units
4
Expense Account
XX-110-7360-0000-000
Location
Split the Mass Addition

3.
Split the laptops into 4 distinct assets.
4.
Query the 4 Assets and Change Queue to Post (or query then and use (M) Tools > Post All)
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Chapter 1 - Page 48
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Practice - Add an Invoice Line to an Existing Asset (Required)

Overview
Adding lines to existing assets may be necessary when more than one invoice representing the
same asset are entered over time. Also, discounts taken on an invoice may not be known at the
time the invoice distribution is sent to Fixed Assets. If the discount comes later, it is treated as a
cost adjustment to the original asset changing its capitalized cost.
Reasons to perform a cost adjustment
Discounts usually are interfaced to mass additions after the initial asset distribution.
AP corrects coding errors by reversing invoice distributions.
Invoice distributions for CIP assets are added after the original asset shell.
Credit or Debit memos added in Payables for returned items.
In this practice, you will add invoice distributions to an existing asset. You will first manually
add an asset, and then merge the Battery Backup (line 6) distribution to the asset.
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Don't forget that we just bought a

battery backup for one of the
servers. Make sure you use the
Add to Asset functionality while
preparing mass additions. I don't
want to add it as an individual
asset. It will simply be treated as
an improvement to the server.
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Asset #: XXXXX
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Battery Backup:
2000.00
Assumptions
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Chapter 1 - Page 49
Tasks
Create a Quick Addition
1.
Navigate to the Asset Additions form
2.
(B) Quick Additions

Description = XXComputer Server
Tag Number = XXCOMPUTER
Category = COMPUTER-PC
Book = XXCORP BOOK
Cost = 100000
Employee Name = Adams, Mr. Brian
Expense Account = XX-110-7360-0000-000
Location = USA-CA-SAN FRANCISCO-1
3.
(B) Done
4.
(B) OK
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Add the Battery Backup line to the asset with the tag number of XXCOMPUTER
5.
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Navigate to the Find Mass Additions window to find the invoice you entered.
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6.
Locate the invoice line for the battery backup.
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
8.
Change the queue to POST and tab out of the field
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Note: The system should save the line as a COST ADJUSTMENT. Thats because weve
adjusted the cost of an existing asset.
Post Mass Additions
9.
Navigate to the Submit Request Set window
(N) Mass Additions > Post Mass Additions
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10. Post mass additions using parameters according to the following table:
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Program
Mass Additions Post
Stage
Mass Additions Post
Chapter 1 - Page 50
Parameters
XXCORP BOOK
Mass Additions Posting Report
Mass Additions Posting Report
XXCORP BOOK
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Chapter 1 - Page 51
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Practice - Run Asset Related Reports (Required)

Overview
In this practice, you will run the Asset Additions Report (Required)
Assumptions
Tasks
Run the Asset Additions Report
1.
Navigate to the Request Submission form
2.
3.
(B) OK to submit a single request

Name = Asset Additions Report
Book = XXCORP BOOK
From Period = Dec-XX (Last year)
To Period = Dec-XX (Last year)
Submit the request and review the output once it has completed.
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Run the Additions By Source Report
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This report shows all 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.
4.
5.
Submit a single request

Name = Additions by Source
Book = XXCORP BOOK
From Period = Dec-XX (Last year)
To Period = Dec-XX (Last year)
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6.
Submit the request and view the output when it completes.

Chapter 1 - Page 52
Run the Asset Additions by Responsibility Report

This report shows assets that you added to your cost centers through additions, capitalizations,
and transfers in the accounting period you specify. The report shows the owner and location of
each unit.
7.
8.
Submit a single request

Name = Asset Additions Responsibility Report
Book = XXCORP BOOK
Period = Dec-XX (Last year)
From Cost Center = 110
To Cost Center = 140
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 assetobviously a problem that
is fixed with a patch.
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Chapter 1 - Page 53
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CIP Asset Additions
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Chapter 1 - Page 54
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Practice - Add CIP Asset Shells (Required)

Overview
CIP Assets do not have a cost when they are added. Essentially we are adding a CIP Shell
used to capture costs. As invoices and labor lines are added, the cost of the asset increases and is
eventually placed into service and depreciated.
Assumptions
Tasks
Add a Project Number
1.
Add Project Number XX-1000 to the Vision FA Asset Key value set.
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Add a CIP Asset

2.
3.
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Navigate to the Assets Workbench

(B) QuickAdditions
Field
Description
Tag Number
Category
Asset Key
Asset Type
Book
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Value
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XXCOMPUTER NETWORK
XXCOMPNET
XXCOMPUTER-XXNETWORK
XX-1000
CIP
XXCORP BOOK
Expense Account
Location
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XX-110-7320-0000-000
4.
(B) Done
5.
Record the Asset Number assigned ___________________________
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Chapter 1 - Page 55
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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Chapter 1 - Page 56
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Practice - Add Labor to CIP Assets (Required)

Overview
Employee labor does not come through the Accounts Payable system and there is no interface
from Payroll to Fixed Assets. Therefore it must be added to the asset directly. A debit is
generated to the CIP Cost account and a credit to the CIP Clearing account. The CIP Clearing
account will have to be cleared manually with a journal entry in the general ledger.
In this lab and the next lab, we will add cost to CIP assets directly with Source Lines and Mass
Additions.
Assumptions
Tasks
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Add Labor to a CIP Asset

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Find the asset with tag number XXCOMPNET by navigating to the Assets window.

Tag Number = XXCOMPNET
2.
(B) Find
3.
(B) Source Lines
4.
Enter Source Line information according to the following table:

Invoice Number
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Line
5.
(B) Done
Description
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Line Amount
Employee Labor
7500
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 sub-ledger
will be necessary to clear the clearing account.
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Chapter 1 - Page 57
Practice - Add Invoice Lines to a CIP Asset (Required)

Overview
Most of the cost associated with a CIP asset will come from Accounts Payable during the Mass
Additions process.
Assumptions
Tasks
Add Invoice Lines from Mass Additions to a CIP Asset
1.
Navigate to the Prepare Mass Additions window
2.

Invoice Number = XXINV
Prepare the addition so it may be posted.
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Post Mass Additions

4.
Navigate to the Submit Request Set window
5.
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Add the Hub, Cable and High Speed Server to the CIP asset
Prepare the Invoice Line for Posting

3.
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Post your additions
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Chapter 1 - Page 58
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Practice - Capitalize a CIP Asset (Required)

Overview
When CIP Assets are complete, they may be placed in service through the Capitalize CIP Assets
form. In the following exercise, you will capitalize the asset with Tag Number XXCOMPNET.
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 the
same project number. All assets can be easily selected and placed in service.
Assumptions
Tasks
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1.
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(N) Assets > Capitalize CIP Assets

Book = XXCORP BOOK
Asset Key = XX-1000
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2.
(B) Find
3.
Click the record selection checkbox
4.
(B) Capitalize
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Chapter 1 - Page 59
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Asset Adjustments
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Chapter 1 - Page 60
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Practice - Reclassify an Asset (Required)

Overview
In this practice you will reclassify an asset.
Assumptions
Tasks
Reclassify an Asset
1.
Navigate to the Asset Details window
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Find the asset with XXCAR as the tag number.
3.
(B) Open
4.
Change the assets category from VEHICLE-OWNED STANDARD to VEHICLEOWNED HEAVY
5.
Save
6.
(B) Done
7.
Close forms until you are back at the Navigator.
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Note: Oracle Assets transfers Cost and Accumulated Depreciation to the accounts
associated with the new category.
Note: It is not possible to do a prior period reclassification.
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Chapter 1 - Page 61
Practice - Adjust Asset Units (Required)

Overview
In this practice you will adjust asset units.
Assumptions
Tasks
Adjust Asset Units
1.
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2.
Find the asset with the tag number XXCAR
3.
(B) Open
4.
Adjust the units to 2
5.
Perform additional adjustments so final assignments are the same as those in the following
table:
Unit
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Name
Expense Account
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Location
Adams, Mr. Brian
01-110-7350-0000-000
Ray, Ms. Amy
01-140-7350-0000-000
6.
(B) Done
7.
Are any journal entries created based on this unit adjustment? Why or why not?
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Chapter 1 - Page 62
Practice - Adjust Asset Cost (Required)

Overview
In this practice you will adjust the cost of an asset.
Assumptions
Tasks
Adjust the Cost of an Asset
1.
2.
Query your asset with a tag number of XXCAR
3.
Update the cost to 50,000. Do not amortize the adjustment.
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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 Fixed Assets it was not possible to
perform amortized adjustments in the period an asset was added as the "Amortize
Adjustment" check box was not available until after depreciation had been run for the asset
(received APP-47782 error when trying to check this box).
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Chapter 1 - Page 63
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Practice - Transfer an Asset (Required)

Overview
Transfer an Asset.
Assumptions
Tasks
Transfer an asset
1.
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Find the asset with tag number XXCAR
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
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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 forms until you are back at the Navigator.
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Chapter 1 - Page 64
Practice - Enter a Physical Inventory (Required)

Overview
In this practice, you will enter a physical inventory.
Assumptions
Tasks
Enter a Physical Inventory
Navigate to the Physical Inventory window.
(N) Physical Inventory > Enter

Inventory Name = XXInventory
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Enter the date when you start entering the data
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(B) Open.
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In the Inventory Entries enter the following physical inventory. Fill in any other required fields
as necessary.
Asset #
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Tag #
XXCAR
XX-124
XX-125
XX-126
Units
Location
You choose
You choose
You choose
You choose
You choose
You choose
You choose
You choose
Run the Physical Inventory Comparison Program

Navigate to the Run Comparison window
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(N) Physical Inventory > Run
Monitor the request until it completes
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Review the Results in the Physical Inventory Comparison window.

Chapter 1 - Page 65
Note: The Physical Inventory Comparison program only compares physical inventory
entries with a status of NEW. If an entry has been compared and you want it to be
compared again, you must change the status of that entry back to NEW in the Inventory
Entries window.
Status
Meaning
Difference
During the comparison, Oracle Assets identified a difference in the

location or number of units for this asset Oracle Assets
New
When you enter a new physical inventory entry, the status is

automatically set to NEW. A status of NEW indicates the entry has not
been compared. After an entry has been compared, you also have the
option to reset the status to NEW, so that it will be compared again.
No Asset Number
The comparison program could not locate the asset number in Oracle
Assets.
NON-Inventorial
The asset associated with the physical inventory entry is not designated
to be included in physical inventory (the In Physical Inventory check
box is not checked).
Not Unique
During the comparison, more than one asset listed in Oracle Assets
matched a single physical inventory entry.
Reconciled
The asset is the same in Oracle Assets and in physical inventory, and is
automatically set to a status of RECONCILED.
To Reconcile
The asset is the same in Oracle Assets and in physical inventory, and is
automatically set to a status of RECONCILED.
Run the Physical Inventory Comparison Program
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When you are finished with reconciling your physical inventory, you can run the Physical
Inventory Missing Assets Report to determine if there are any assets in your production system
that could not be found during the physical inventory process. This report is a standard variable
format report, which you must run from the ADI Request Center. The Request Center allows you
to manipulate data in the desktop application of your choice.
Code
ADDITION
DOWN-UNIT
ADJUSTMENT
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NONE
PARTIAL
Meaning
An asset was found in physical inventory that is not in Oracle

Assets. The asset needs to be added to Oracle Assets.
For a particular asset, more units are listed in Oracle Assets than are
found in physical inventory. The number of units needs to be
adjusted down in Oracle Assets.
An asset needs to be fully retired, because it is listed in Oracle

Assets but not found in physical inventory.
No unit adjustment is necessary.
An asset needs to be partially retired. Usually, you would do this
when for a particular asset, you found less units in physical
Chapter 1 - Page 66
RETIREMENT
inventory than are listed in Oracle Assets.
REINSTATEMENT
An asset needs to be reinstated. Although it was retired, during the

physical inventory process, it was found that the asset was still
being used.
UP UNIT
ADJUSTMENT
For a particular asset, less units are listed in Oracle Assets than are
found in physical inventory. The number of units needs to be
adjusted up in Oracle Assets.
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Chapter 1 - Page 67
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Practice - Create and Compare a Physical Inventory in Web ADI

Overview
In this Practice, you will create a new Physical Inventory spreadsheet in the Oracle Web
Applications Desktop Integrator (Web ADI). You will then use this template to record a
physical inventory and run the Physical Inventory Comparison Report, all in ADI.
Assumptions
If you are not attending training at an Oracle University or Authorized Partner

Education Center, you must have access to an Oracle Application Vision demonstration
database or comparable training test instance on which to complete this Practice.
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 will be 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 (e.g. 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.
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The segment separator for the accounting flexfield may not be a dash -. Substitute the
applicable segment separator if necessary.
The Physical Inventory XX_Physical has been defined and is saved in the Asset
Management application. For Instructor Led Training classes, this Physical Inventory
was created by the Instructor as part of their guided demonstration. If the XX_Physical
has not been created, you can do so by following the navigation path (N) Physical
Inventory > Enter and then adding the XX_Physical record.
Prerequisites
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Must have Excel 2000, 2002, or 2003.
If you have Excel 2002 or 2003 installed, change the Macro settings in Excel as
follows:
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1. From the Tools menu, select Macro, then Security, then Security Level.
2. Select the Medium option.
3. Select the Trusted Sources tab.
Chapter 1 - Page 68
4. Select the Trust access to Visual Basic Project option.
Tasks
Create a New Physical Inventory Template
Create a new spreadsheet for recording physical inventory data in Web ADI using the physical
inventory you created in an earlier lesson.
Enter Physical Inventory Data
Using the spreadsheet you just created, enter the following physical inventory data:
Location: USA-CA-SAN FRANCISCO-NONE
Asset Number
Units
XX124
XX125
XX126
100076
100078
100079
100080
100081
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Upload Physical Inventory and Run Comparison
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Upload the Physical Inventory data you recorded choosing to Run and View the Physical
Inventory Comparison Report.
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Chapter 1 - Page 69
Solution Create and Compare a Physical Inventory in Web ADI

Create a New Physical Inventory Spreadsheet
Responsibility = Assets, Vision Operations (USA) in ADI
1.
Navigate to the Physical Inventory Integrator.

(N) Physical Inventory > Integrator
2.
In the Record Physical Inventory window, select the XX_Physical.
3.
Enter the following values:
Select Inventory
XXInventory (the physical inventory you

created earlier)
Viewer
Excel 2003
Layout
Physical Inventory Default
4.
(B) Next.
5.
(B) Open.
6.
Choose (B) Enable Macros if necessary.
Enter Physical Inventory Data

7.
On the Download window, select (B) Close.
8.
Enter the following in the spreadsheet:
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Location: USA-CA-SAN FRANCISCO-NONE

Units
1
1
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Asset Number
XX-124
XX-125
XX-126
100076
100078
100079
100080
100081
Chapter 1 - Page 70
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Upload Physical Inventory and Run Comparison

9.
Navigate to the Upload to Interface option:
From your spreadsheet, choose Oracle > Upload.
10. In the Physical Inventory Upload window, select the following options:
Rows to Upload = Flagged Rows
Duplicate Assets = Do Not Upload
Check Validate Before Upload, Run Comparison, and View Comparison Results.
11. (B) Upload.
12. When the upload completes successfully, choose (B) Close. If there are any errors in your
upload, fix the errors and re-run the upload.
13. Return to the Navigator to view your requests.
(N) Other > Requests > Concurrent
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14. (B) Find.
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15. Select the Physical Inventory Comparison Report you ran and choose (B) View Output.
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Chapter 1 - Page 71
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Practice - Add Assets for Mass Transactions (Required)

Overview
In this practice, you will add four assets into the corporate book, XXCORP BOOK, accepting the
default rules associated with this asset category. These assets will be used in the other practices
in this module. You will also run depreciation to close the period.
Assumptions
Tasks
Add Assets
1.
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2.
(B) QuickAdditions
3.
Enter asset information according the following table:

Field
Description
Tag Number
Category
Book
Value
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XXCHEVY IMPALA
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XXCHEVY IMPALA
VEHICLE-OWNED STANDARD
XXCORP BOOK
Cost
20,000
Employee Name
Expense Account
Location
Adams, Mr. Brian, #43
XX-110-7320-0000-000
USA-CA-SAN FRANCISCO-XX_CLASS
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(B) Done
5.
Note the asset number assigned: _______________________________
6.
(B) OK
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Chapter 1 - Page 72
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7.

8.
(B) QuickAdditions
9.
Enter asset information according the following table:

Field
Value
Description
XXFORD TRUCK
Tag Number
XXFORD TRUCK
Category
VEHICLE-OWNED HEAVY
Book
XXCORP BOOK
Cost
30000
Employee Name
Expense Account
XX-120-7350-0000-000
Location
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10. (B) Done
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11. Note the asset number assigned: _______________________________.

12. (B) OK
13.
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Chapter 1 - Page 73
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14. (B) QuickAdditions

15. Enter asset information according the following table:
Field
Value
Description
XXOFFICE BUILDING
Tag Number
XXOFFICE
Category
BUILDING-OFFICE
Book
XXCORP BOOK
Cost
1,000,000.
Employee Name
Expense Account
XX-130-7350-0000-000
Location
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16. (B) Done
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17. Note the asset number assigned:_______________________________

18. (B) OK
19. Navigate to the QuickAdditions window.
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20. (B) QuickAdditions
21. Enter asset information according the following table:

Field
Description
Tag Number
Category
Book
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Cost
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Value
XXMANUFACTURING BUILDING
XXBLDG MFG
BUILDING-MANUFACTURING
XXCORP BOOK
2,000,000.
Employee Name
Denby, Ms. Jean #78
Expense Account
XX-140-7320-0000-000
Chapter 1 - Page 74
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Location
22. (B) Done

23. Note the asset number assigned: _______________________________
24. (B) OK
Run Depreciation to Close the Period
25. Navigate to the Depreciation form
(N) Depreciation > Run Depreciation

Book = XXCORP BOOK
Close Period = Checked
26. Submit the request.

Monitor the Depreciation Process
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27. (M) View > Requests

28. (B) Find
29. (B) Refresh Data until the processes complete.
Verify the Current Open Period
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30. Navigate to the Books form
31. Query your XXCORP BOOK
32. Verify the current period is Jan-YY.
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Chapter 1 - Page 75
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Practice - Mass Reclassify Assets (Required)

Overview
In this practice, you will use mass reclassifications to reclassify your Chevy Impala and Ford
Truck, with categories of VEHICLE-OWNED STANDARD and VEHICLE.OWNED HEAVY
to their new category of VEHICLE-LEASED STANDARD.
Assumptions
Tasks
Initiate the Mass Reclassification Request
1.
Navigate to the Mass Reclassifications window.
2.
(N) Mass Transactions > Reclassifications

Book = XXCORP BOOK
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Place the cursor in the Expense Accounts field in the Assets to Reclass region:
Expense Accounts
Company
Department
Account
Sub-Account
Product
Low
High
XX
XX
110
120
7320
7350
0000
0000
000
000
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3.
Location = USA-CA-SAN FRANCISCO-XX_CLASS
4.
Place the cursor in the New Category field in the Reclass region:
New Category = VEHICLE-LEASED STANDARD
5.
Select the check box for fields according to the following table:
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Field
Checked
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Value
Copy Category Descriptive Flexfield to New Category
Chapter 1 - Page 76
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Inherit Depreciation Rules of New Category
Checked
Amortize Adjustments
Unchecked
Note: If the new category has a different descriptive flexfield structure, no descriptive flexfield
information is transferred.
Preview the Mass Reclassification Request
6.
Preview the Mass Reclassification
7.
Record the Mass Transaction Number: ___________
8.
View the report
9.
Verify that the correct assets are selected.

Note: If the correct assets are not selected, delete your Mass Transaction Request and re-do
it!
10. Close forms until you are back at the Navigator
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Run the Mass Reclassification Request

11. Navigate to the Mass Reclassifications window
(N) Mass Transactions > Reclassifications
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12. Query your Mass Reclassification using the Mass Transaction Number (Hint: F11, Mass
Transaction Number = Your Mass Trans Number, Ctrl+F11)
13. (B) Run
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14. Monitor the request until it completes.
15. Verify the correct assets were reclassified.
Note: There is no such thing as a prior period reclassification!
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Chapter 1 - Page 77
Practice - Mass Transfer Assets (Required)

Overview
In this practice you will transfer a group of assets.
Assumptions
Tasks
Initiate the Mass Transfer Request
1.
Navigate to the Mass Transfers window.
2.
(N) Mass Transactions > Transfers

Book = XXCORP BOOK
Place the cursor in the Expense Accounts field in the Transfers region:
Expense Accounts
Low
High
Company
XX
XX
Department
110
130
7340
7360
0000
0000
000
000
Account
Sub-Account
Product
3.
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Transfer To Expense Account: 01-140-7405-0000-000

Field
Transfer From
Location
Transfer To
USA-CA-SAN FRANCISCOXX_CLASS
USA-CA-SAN FRANCISCONONE
Preview the Mass Transfer Request

- Preview the mass transfer request
- Note the Mass Transaction Number: __________.
- Review the output when the request is complete.
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Chapter 1 - Page 78
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Note: If the correct assets are not selected, delete your Mass Transaction Request and re-do
it!
4.
Close forms until you are back at the Navigator
Run the Mass Transfer Request

5.
Navigate back to the Mass Transfers window
(N) Mass Transactions > Transfers
6.
Query your Mass Transfer using the Mass Transaction Number (Hint: F11, Mass
Transaction Number = Your Mass Trans Number, Ctrl+F11)
7.
Run the request.
8.
Verify the correct assets were reclassified.

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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Chapter 1 - Page 79
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Depreciating Assets
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Chapter 1 - Page 80
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Practice - Run Depreciation (Optional)

Overview
In this practice, you will run depreciation if you havent already.
Assumptions
Tasks
Run Depreciation to Close the Period
1.
Navigate to the Depreciation form
2.
(N) Depreciation > Run Depreciation

Book = XXCORP BOOK
Close Period = Checked
Monitor the requests until they complete successfully.
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Verify the Current Open Period

4.
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Submit the request.
Monitor the Depreciation Process

3.
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Navigate to the Books form
5.
Query your asset book
6.
Verify the current period is Jan-YY
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Chapter 1 - Page 81
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Practice - Set up a Depreciation Calendar (Required)

Overview
In this practice, you will run depreciation if you havent already.
Assumptions
Tasks
Set up a depreciation calendar
Navigate to the Calendars Window
(N) Setup > Asset System > Calendars

Calendar = XXMonthly
Description = XXMonthly
Fiscal Year Name = ACCOUNTING.
Periods per Year = 12.
Enter the periods according to the following table:

Period
Name
From Date
To Date
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Jan-YY
01-Jan-20YY
31-Jan-20YY
Feb-YY
01-Feb-20YY
29-Feb-20YY
Mar-YY
01-Mar-20YY
31-Mar-20YY
Apr-YY
01-Apr-20YY
30-Apr-20YY
May-YY
01-May-20YY
31-May-20YY
Jun-YY
01-Jun-20YY
30-Jun-20YY
Jul-YY
01-Jul-20YY
31-Jul-20YY
Aug-YY
01-Aug-20YY
31-Aug-20YY
Sep-YY
01-Sep-20YY
30-Sep-20YY
Oct-YY
01-Oct-20YY
31-Oct-20YY
Nov-YY
01-Nov-20YY
30-Nov-20YY
Dec-YY
01-Dec-20YY
31-Dec-20YY
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Chapter 1 - Page 82
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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 journal entries will not be created!
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Chapter 1 - Page 83
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Practice - Set up a Depreciation Method (Required)

Overview
In this practice, you will set up a depreciation method.
Assumptions
Tasks
Set up a Depreciation Method
1.
Navigate to the Depreciation Methods Window

(N) Setup > Depreciation > Methods
Name = XXACRS
Description = XXACRS
Method Type = Table
Calculation Basis = Cost
Depreciate in Year Retired = Checked
Straight-line Method = Checked
Life Years = 3
Prorate Periods Per Year = 12
2.
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(B) Rates and enter the following parameters:

1
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
.1
.1
.1
.1
.2
.2
.2
.2
3.
Save
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Chapter 1 - Page 84
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Practice - Set up a Prorate Convention (Required)

Overview
In this practice you will set up a prorate convention.
Assumptions
Tasks
Set up a Prorate Convention
1.
Navigate to the Prorate Conventions window
2.
(N) Setup > Asset System > Prorate Conventions

Convention = XXSAME
Description = SAME MONTH PRORATE.
Fiscal Year = ACCOUNTING.
Enter the dates in the Prorate Convention according to the following table:
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From Date
01-Jan-1993
To Date
Prorate Date
31-Dec-1993
01-Jan-1993
31-Dec-1994
01-Jan-1994
31-Dec-1995
01-Jan-1995
31-Dec-1996
01-Jan-1996
31-Dec-1997
01-Jan-1997
31-Dec-1998
01-Jan-1998
31-Dec-1999
01-Jan-1999
31-DEC-2000
01-JAN-2000
31-DEC-2001
01-JAN-2001
31-DEC-2002
01-JAN-2002
31-Jan-2003
01-Jan-2003
01-Feb-2003
29-Feb-2003
01-Feb-2003
01-Mar-2003
31-Mar-2003
01-Mar-2003
01-Apr-2003
30-Apr-2003
01-Apr-2003
01-Jan-1994
01-Jan-1995
01-Jan-1996
01-Jan-1997
01-Jan-1998
01-Jan-1999
01-JAN-2000
01-JAN-2001
01-JAN-2002
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01-Jan-2003
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Chapter 1 - Page 85
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01-May-2003
31-May-2003
01-May-2003
01-Jun-2003
30-Jun-2003
01-Jun-2003
01-Jul-2003
31-Jul-2003
01-Jul-2003
01-Aug-2003
31-Aug-2003
01-Aug-2003
01-Sep-2003
30-Sep-2003
01-Sep-2003
01-Oct-2003
31-Oct-2003
01-Oct-2003
01-Nov-2003
30-Nov-2003
01-Nov-2003
01-Dec-2003
31-Dec-2003
01-Dec-2003
3.
Save your work.
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Chapter 1 - Page 86
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Practice - Run Depreciation Projections (Required)

Overview
In this practice you will run the depreciation projections report.
Assumptions
Tasks
Submit Depreciation Projection
1.
Navigate to the Depreciation Projections window
2.
(N) Depreciation > Projections

Projection Calendar = Monthly
Number of Periods = 6
Starting Period = Feb-YY (where YY is the CURRENT year)
Book = XXCORP BOOK
Cost Center = Checked
Asset = Checked
(B) Run
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View the Depreciation Projection Report

3.
Monitor the request until it completes successfully.
4.
Review the output.
Note: 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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Chapter 1 - Page 87
Practice - Perform a What-If Analysis (Required)

Overview
In this practice you will perform a "What -If" analysis to determine the depreciation impact of
changing life in years from 4 to 3.
Assumptions
Tasks
Perform a What-If Analysis
1.
Navigate to the What-If Analysis window.
2.
(N) Depreciation > What-If Analysis
Field
XXCORP BOOK
Start Period
Feb-YY (Where YY is the current year)
Number of Periods
Category
Method
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6
COMPUTER-PC
STL
Prorate Convention
Life Years
MID-MONTH
3
Submit the request
View the What-If Analysis Report

4.
Monitor the request until it completes.
5.
Review the output.
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Value
Book
3.
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Chapter 1 - Page 88
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Practice - Project Depreciation for Assets not yet Placed in

Service (Required)
Overview
In this practice, you will project depreciation for a computer server not yet placed in service.
Assumptions
Tasks
Project Depreciation
1.
Navigate to the What-If Depreciation window.
2.

Field
Value
Book
XXCORP BOOK
Start Period
Jan-YY (Where YY
is the current year)
Number of periods
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3.
(T) Hypothetical Assets
4.

Field
Category
Date in Service
Cost
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Value
COMPUTER-PC
01-Jan-20YY
20000
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(N) Depreciation > What-If Analysis
Submit the request.
Chapter 1 - Page 89
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View the What-If Analysis Report

6.
Monitor the request until it completes.
7.
Review the output.
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Chapter 1 - Page 90
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Processing Retirements
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Chapter 1 - Page 91
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Practice - Partially Retire an Asset (Required)

Overview
In this practice, you will retire half of an assets units and remove it from the assigned employee.
Note the change in the total cost of the partially retired asset, then, process the retirement.
Assumptions
Tasks
Retire 1 of 2 Units for an Asset
1.
Navigate to the Asset Workbench

Tag Number = XXCAR
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2.
(B) Find
3.
(B) Retirements
Book = XXCORP BOOK
4.
Accept the default Retire Date.
5.
Notice the status is Pending
6.

Field
Units Retired
Retirement Type
Proceeds of Sale
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Value
XXSALE
5,000
7.
(B) Continue
8.
Place the cursor in the Unit Change field associated with Adams, Mr. Brian.
Unit Change = -1
9.
(B) Done
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Chapter 1 - Page 92
10. Close forms until you are back at the Navigator

Run the Calculate Gains and Loses Program
11. Navigate to the Gains and Loses submission window
(N) Depreciation > Calculate Gains and Loses
12. Run the program for the XXCORP BOOK.

13. Monitor the request and review the output when complete.
Run the Asset Retirements Report
14. Navigate to the request submission window:
15. Run the Asset Retirements Report for the XXCORP BOOK for the current period.
16. Monitor the request and review the output when complete.
Note: You can perform a Prior Period Retirement on an asset, provided it doesnt cross a
fiscal year!
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Chapter 1 - Page 93
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Practice - Reinstate a Partially Retired Asset (Required)

Overview
In this practice, you will reinstate the asset you partially retired.
Assumptions
Tasks
Reinstate an Asset
1.
Navigate to the Asset Workbench

Tag Number = XXCAR
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(B) Find
3.
(B) Retirements.
4.
(M) View > Query by Example > Run
5.
Notice the button has changed to Reinstate, Gains and Losses have been calculated and the
Status = Processed
6.
(B) Reinstate
7.
(B) OK
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Note: Because the Calculate Gains and Losses program was run, the button description is
Reinstate. If the Calculate Gains and Losses program had not been 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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Chapter 1 - Page 94
Tax Books
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Chapter 1 - Page 95
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Practice - Create a Tax Book (Required)

Overview
In this practice, you will create a tax book.
Assumptions
Tasks
Create a Tax Book
1.
Navigate to the Books Controls form.
2.
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Field
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Book
XXTAX BOOK
Class
Tax
Description
XXTAX BOOK
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Associated Corporate Book
XXCORP BOOK
3.
(T) Calendar
4.

Field
GL Set of Books
Allow GL Posting
Depreciation Calendar
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Value
Vision Operations
No
Monthly
Monthly
Current Period
Dec-XX (Where XX is
the past fiscal year)
Divide Depreciation
Evenly
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Chapter 1 - Page 96
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Depreciate If Retired in First Year
Yes
5.
(T) Accounting Rules
6.
Check or leave blank the specified check boxes:

Field
Value
Allow Amortized Changes
Checked
Allow Mass Changes
Checked
Allow Revaluations
Unchecked
Allow Reserve Adjustments
Checked
Allow Expense Ceilings
Checked
Allow Mass Copy
Checked
7.
(T) Natural Accounts
8.
Use the following information to set up accounts

Account
Gain
Loss
Proceeds of Sale
7850
7851
1247
Cost of Removal
7852
7853
2240
Net Book Value Retired
7854
7855
N/A
Reval Reserve Retired
7854
7855
N/A
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Account
Intercompany Receivables
1810
Intercompany Payables
2370
Deferred Depreciation Reserve
2540
Deferred Depreciation Expense
7860
Depreciation Adjustment
1690
Account Generator Defaults
01-000-9999-0000-000
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Field
9.
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Clearing
(T) Journal Categories
10. Enter journal categories according to the following table:
a
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Field Value
Field - Value
Chapter 1 - Page 97
Journal Source = Assets

Additions = Addition
CIP Additions = CIP Addition
Adjustments = Adjustments
CIP Adjustments = CIP Adjustment
Retirements = Retirement
CIP Retirements = CIP Retirement
Reclass = Reclass
CIP Reclass = CIP Reclassification
Transfers = Transfer
CIP Transfers = CIP Transfer
Revaluation = Revaluation
Depreciation = Depreciation
Deferred Depreciation = Deferred Depreciation
Depreciation Adjustment = Depreciation

Adjustment
11. Save
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Chapter 1 - Page 98
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Practice - Add Categories to a Tax Book (Required)

Overview
In this practice, you will add categories to your tax book.
Assumptions
Tasks
Add Categories to a Tax Book
1.
Navigate to the Asset Categories window.
(N) Setup > Asset System > Asset Categories
y
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2.
(M) View > Query by Example > Run
3.
Put the cursor in the Category field and press the down arrow key until the field displays the
first category listed in the table below.
4.
Move the cursor in the Book field
5.
(M) File > New

Book = XXTAX BOOK
6.
Specify the accounting information according to the following table (In order to enter
Method and Prorate Convention, click on the Default Rules button):
Category
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Asset
Cost
Asset
Clearing
Dep
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Accum
Dep
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Method
and Life
Prorate
Conv
BuildingManufacturing
01-0001520-0000000
01-00015XX-0000000
7320
01-000-16200000-000
MACRS
HY 20
Half Year
Building-Office
01-0001520-0000000
01-00015XX-0000000
7320
01-000-16200000-000
MACRS
HY 20
Half Year
01-0001560-0000000
01-00015XX-0000000
7360
01-000-16600000-000
MACRS
HY 3
Half Year
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Computer-PC
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Chapter 1 - Page 99
Vehicle-Leased
Standard
01-0001550-0000000
01-00015XX-0000000
7350
01-000-16500000-000
MACRS
HY 3
Half Year
Vehicle-Owned
Heavy
01-0001550-0000000
01-00015XX-0000000
7350
01-000-16500000-000
MACRS
HY 3
Half Year
Vehicle-Owned
Standard
01-0001550-0000000
01-00015XX-0000000
7350
01-000-16500000-000
MACRS
HY 3
Half Year
7.
Save your work.
8.
Enable the rest of the categories for your XXTAX BOOK.
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Chapter 1 - Page 100
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Practice - Verify Categories are Added to your Tax Book

(Required)
Overview
In this practice, you will add categories to your tax book.
Assumptions
Tasks
Verify categories are Added to Your Tax Book
1.
Navigate to the Submit a New Request window:
y
m
2.
Submit a Single Request

Request Name = Asset Category Listing
Book Name = XXTAX BOOK
3.
Submit the request.
4.
Check to ensure all categories you added are in your tax book.
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Practice - Run Initial Mass Copy (Required)

Overview
Perform an Initial Mass Copy from your corporate book (XXCORP BOOK) to your tax book
(XXTAX BOOK). Initial Mass Copy copies assets for a CLOSED FISCAL YEAR in a Corp
book into the CURRENT OPEN PERIOD in an associated Tax book.
Note: Depreciation should have been run for Dec-YY in the Corp book prior to this practice.
Assumptions
Tasks
Run Initial Mass Copy
1.
y
m
Navigate to the Initial Mass Copy window.
e
d
a
(N) Tax > Initial Mass Copy

Book = XXTAX BOOK
2.
Submit the request.
3.
Review the output when it completes.
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Practice R12 Assets1

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R12 Asset Management

Copyright 2007, Oracle. All rights reserved.

Copyright Oracle Corporation, 2007. All rights reserved.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Practice - Set up a Prorate Convention (Required) ....................................................................................1-85

Copyright Oracle Corporation, 2007. All rights reserved.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Basic knowledge of business accounting concepts

Familiarity with data processing concepts and techniques

R12 Navigate Oracle Applications

R12 eBusiness Suite Essentials for Implementers

How This Course Is Organized

Copyright Oracle Corporation, 2007. All rights reserved.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Oracle Assets User Guide

Oracle iAssets User Guide

System release bulletins

Installation and users guides

International Oracle Users Group (IOUG) articles

Copyright Oracle Corporation, 2007. All rights reserved.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Do not save changes to the database.

This subject is covered in Unit II, Lesson 3, Working with

Use the SELECT command to view information stored in the

Select File > Save.

Copyright Oracle Corporation, 2007. All rights reserved.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Typographic Conventions in Code

DROP USER scott

CREATE ROLE role

SQL commands and SELECT userid

Typographic Conventions in Oracle Application Navigation Paths

(M) From the menu, select Query then Find.

(B) Click the Approve button.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Typographical Conventions in Oracle Application Help System Paths

Under the General Ledger entry, expand Journals.

Under Journals, select Enter Journals.

Copyright Oracle Corporation, 2007. All rights reserved.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Copyright Oracle Corporation, 2007. All rights reserved.

R12 Asset Management Fundamentals Supplemental Practices Table of Contents

Copyright Oracle Corporation, 2007. All rights reserved.

Supplemental Student Practices

Copyright Oracle Corporation, 2007. All rights reserved.

Supplemental Student Practices

Release 12 Oracle Asset Management Fundamentals

Copyright Oracle Corporation, 2007. All rights reserved.

Supplemental Student Practices

Copyright Oracle Corporation, 2007. All rights reserved.

Supplemental Student Practices

Instructor Prep Notes

Copyright Oracle Corporation, 2007. All rights reserved.

Supplemental Student Practices

Practice - Create a New User (Required)

Replace XX with your terminal number or initials.

Responsibility = System Administrator

Create a New User

Add a New User

(N) Security > User > Define

welcome (Tab, re-enter to verify)

Pat Stock (Choose from the list of

Add the following responsibilities to your new user:

Copyright Oracle Corporation, 2007. All rights reserved.