Oracle Financials Cloud: Assets Fundamentals Course Overview

To ensure a successful learning experience in the Oracle Financials Cloud: Assets Fundamentals course, the following minimum prerequisites are recommended:

• Basic understanding of financial accounting concepts including fixed assets and depreciation.
• Familiarity with general ledger and subledger accounting principles.
• Experience with enterprise resource planning (ERP) systems, particularly in the financial modules.
• Comfort navigating computer applications and working with a Windows or similar GUI environment.
• Ability to comprehend and interpret business financial requirements and translate them into system configurations.
• Knowledge of the structure and operations of a finance department within an organization.
• Basic proficiency with spreadsheet software such as Microsoft Excel for analyzing data and running reports.
• Willingness to engage with the course material and participate in hands-on activities.

Please note that these prerequisites are meant to provide a foundation for the course material and are not intended to be barriers to entry. A keen interest to learn and a commitment to engage with the content are as valuable as formal experience.

Target Audience for Oracle Financials Cloud: Assets Fundamentals

The Oracle Financials Cloud: Assets Fundamentals course is designed for professionals managing fixed assets within Oracle's cloud platform.

• Financial Analysts
• Asset Accountants
• Financial Controllers
• Oracle Cloud Implementation Specialists
• ERP Consultants
• IT Managers overseeing financial systems
• Finance Transformation Managers
• CFOs who strategize asset management
• Systems Administrators for Oracle Applications
• End Users of Oracle Financials Cloud Assets Module
• Project Managers involved in Oracle Cloud Financials implementations
• Professionals seeking to improve their knowledge of Oracle Cloud Assets Management
• Business Analysts involved in finance operations
• Accountancy students or recent graduates specializing in finance or IT systems
• Technical Support staff for financial applications

Learning Objectives - What you will Learn in this Oracle Financials Cloud: Assets Fundamentals?

Introduction to Oracle Financials Cloud: Assets Fundamentals Course Learning Outcomes:

Gain comprehensive insights into managing assets within the Oracle Financials Cloud, focusing on navigation, setup, security, configuration, transactions, and reporting for effective asset lifecycle management.

Learning Objectives and Outcomes:

• Understand how to utilize Oracle Cloud implementation resources and the Oracle Help Center to efficiently manage assets.
• Navigate the Oracle Fusion applications using simplified navigation, user interfaces, dashboards, and search functionalities.
• Utilize the Functional Setup Manager to configure offerings, functional areas, and features for asset management.
• Comprehend the Oracle security model, including the use of the Security Console and common security features modifications.
• Configure assets in Oracle Financials Cloud, including key flexfields, asset locations, and other critical settings.
• Manage asset books and categories, ensuring accurate ledger integration and the establishment of appropriate depreciation rules.
• Master the process of adding assets, whether manually or through automatic integration with payables, and understand the use of spreadsheets and mass additions.
• Execute asset adjustments, transfers, and category changes, and comprehend the implications of these transactions on financial records.
• Apply and run depreciation rules, engage in depreciation forecasting, and analyze "What If" scenarios for informed decision-making.
• Conduct asset retirements and understand the process of posting online asset transactions for accurate reporting.
• Engage in accounting for assets, including creating journal entries, subledger accounting, and using standard reports for financial insights.
• Manage tax books effectively, including asset addition and the handling of deferred depreciation to comply with tax regulations.
• Identify and utilize standard asset reports and understand the assets accounting event model and classes for detailed analysis.
• Apply common application configurations such as Oracle Social Network objects, flexfields, lookups, profile options, and attachments within the asset management context.