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Oracle Asset Management

Who will the Course Benefit?

This Oracle Asset Management course is suitable for managers and end users such as Fixed Asset Accountants, or those who provide first line support to them who need to set up and use Oracle Assets.  It would also be useful for Payables Supervisors so that they can appreciate the integration between Oracle Payables and Oracle Assets.

Learning Objectives

Course Objectives

Delegates will gain an understanding of the asset life cycle. 

They will be able to add an asset, adjust and revalue an asset, calculate depreciation on an asset, transfer an asset and retire an asset. Delegates will also learn how to use the Mass Additions process to integrate with Oracle Accounts Payable.

Pre-Requisites

Requirements

An understanding of basic accounting concepts and the asset management function.  Knowledge of Oracle Accounts Payable and General Ledger would be advantageous.

Course Content

Oracle Asset Management Course Overview

This course is designed for managers and users who are required to set up or work with Oracle Assets on a day to day basis for fixed asset management.

Skills Gained

The delegates will practise:

  • Setting up asset controls
  • Defining asset books and categories
  • Setting up depreciation
  • Adding asset additions manually
  • Creating and preparing mass additions
  • Posting mass additions
  • Using CIP asset additions
  • Adjusting and maintaining assets
  • Clearing historical data
  • Transferring assets
  • Depreciating assets and project assets
  • Report reconciliation
  • Retiring and reinstating assets and calculating gains and losses
  • Creating asset management journal entries
  • Using the account generator
  • Performing asset inquiries and reports
  • Tax accounting

NOTE: Course technical content is subject to change without notice.

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