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Oracle Assets Enhanced Featuresin Version 11.5.10.2
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Contents
Group Depreciation
Retirement Notification
Enhanced Depreciation Override
Asset Trace Utility
Group Asset Security Support for CIP Assets in Groups
Enhanced Asset Inquiry
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Group Depreciation
Group Depreciation simplifies management of largevolumes of
assets by pooling individual assets into groups.This feature also
enables companies to comply with tax,financial and regulatory
reporting governing assetdepreciation.
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Enable Allow Group Depreciation to Allow Group Assets To Be
Added in Asset Book.
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While Creating Group Select Asset Type As Group
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First Transactions In That Group Assets
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Choose Your Asset group For Transaction
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Second Transaction In Same Group Asset
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Choose Your Asset group For Transaction
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Now Run The Depreciation For Checking Group Depreciation
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Query Your Asset Number And Click On Financial Inquiry
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Check the Group Depreciations Details
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Retirement Notification
Users of Oracle Projects in the field can raise
retirementnotifications to fixed assets accountants by specifying
certainoptions such as category, location and number of assets,
etc.The system selects assets based on the selected criteria
andretires them when the fixed assets accountants approve the
selection. Cost of removal and proceeds can be transferredfrom
Oracle Projects into Group Assets in Oracle Assets forreserve
adjustments.
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Enhanced Depreciation Override
Depreciation Override provides a mean to true-up an
assetsdepreciation expense and bonus depreciation expense for
agiven accounting period. A new form will be available forentering
user-defined expense amounts to override system-calculated
amounts.
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Set the profile option FA: Enable Depreciation Override to Yes
InSystem Administrator.
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Complete Your Transaction Which You Want To Be Override
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Click on Override
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Query Asset Number Which You Want To Be Override
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Select Status As Post And Save It.
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After Run Depreciation Check The Status
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Asset Trace Utility
Asset Trace Utility provides a comprehensive view of assetdata
for diagnoses and troubleshooting. This HTML reportshows data
stored major transaction database tables for agiven asset.
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Submit New Request To Generate Asset Trace
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See All The Information Of That Asset .
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Group Asset Security
A group asset can now be enabled or disabled from theAsset
Workbench. A disabled group will not depreciate andyou cannot
perform any transactions affecting the groupasset.
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Support for CIP Assets in Groups
CIP assets can now be assigned to Group Assets. Thisoption is
controlled at the Asset Book level.
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Enable Allow CIP Members in Group Assets and Allow
CIPDepreciation in Group Assets In Asset Book.
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Enhanced Asset Inquiry
Asset Inquiry is a self-service inquiry tool that allows you
toaccess real-time information of your assets. This tool isenhanced
with Advanced Search capability and additionalsearch parameters.
You can also view attachments toassets such as documents, images,
video and audio clips,
etc
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Query Asset Number Which You Want To Be Attached Document
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Attaching Document By Following Website Etc.
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Displaying The Document Through Website
