callicon +1 210-504-8191
whatsAppIcon +1 210-504-8191
emailIcon info@koenig-solutions.com
koenig-logo
logo-30-years
Login
koenig-logo
whatsAppIcon +1 210-504-8191
phoneIcon +1 210-504-8191

Oracle Financials Cloud: Fixed Assets Fundamentals Course Overview

Oracle Financials Cloud: Fixed Assets Fundamentals Course Overview


Oracle Financials Cloud: Fixed Assets Fundamentals is a course designed to provide an overview of the principles and best practices for setting up and managing fixed assets in Oracle Financials Cloud. Students will learn how to set up, track, and report on fixed asset information within Oracle Financials Cloud, and how to work within the system's procedures to ensure accurate and reliable information. The course also covers basic features of the system, including how to create and manage asset categories, how to record asset details and information, and how to generate depreciation calculations and reports. The course also reviews the different types of assets and the associated accounting rules, extensive asset life cycles, cost accounting and capitalization considerations, asset retirement and disposal rules, and related issues of asset administration and maintenance. Students will leave this course with a foundation knowledge of the Oracle Financials Cloud: Fixed Assets Module, and the ability to equip their organizations with the relevant tools to ensure accurate and compliant asset tracking.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

4.6 Ratings

Koenig's Unique Offerings

images-1-1

1-on-1 Training

Schedule personalized sessions based upon your availability.

images-1-1

Customized Training

Tailor your learning experience. Dive deeper in topics of greater interest to you.

images-1-1

4-Hour Sessions

Optimize learning with Koenig's 4-hour sessions, balancing knowledge retention and time constraints.

images-1-1

Free Demo Class

Join our training with confidence. Attend a free demo class to experience our expert trainers and get all your queries answered.

Purchase This Course

Fee On Request

♱

  • Live Online Training (Duration : 16 Hours)
  • Per Participant
  • Guaranteed-to-Run (GTR)
  • date-img
  • date-img

♱ Excluding VAT/GST

Classroom Training price is on request

  • Live Online Training (Duration : 16 Hours)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

Request More Information

Email:  WhatsApp:

Course Prerequisites


The following prerequisites are required for Oracle Financials Cloud: Fixed Assets Fundamentals Training:
1. Knowledge of fundamental financial and accounting principles.
2. Knowledge of basic concepts of fixed asset accounting.
3. Experience with cloud technology will be beneficial.
4. Working knowledge of Microsoft Office products such as Excel.
5. Familiarity with Oracle E-Business Suite, including Oracle Financials and other related applications.

Target Audience


The target audience for Oracle Financials Cloud: Fixed Assets Fundamentals training would be finance and accounting professionals who are responsible for managing and reporting an organization's fixed asset accounts such as accountants, controllers, asset managers, or financial analysts
This training would help these professionals become knowledgeable in the areas of setup, implementation, processing, and reporting fixed asset tasks
They would learn how to perform activities such as asset additions, retirement, transfers and depreciation, as well as how to produce automated accounting and related reporting for regulatory, financial and management reporting
As a result, these professionals will be able to create reliable and accurate records and reports that help inform sound business decisions

Learning Objectives of Oracle Financials Cloud: Fixed Assets Fundamentals


1. Identify the main components of Oracle Fusion Fixed Assets and their functionality.
2. Describe how to install and configure Oracle Fusion Fixed Assets and Fixed Asset Categories, Books, and Rules.
3. Demonstrate how to setup Asset Key Flexfields for a specific Business Unit and understand the impact of those Flexfields on Financial Accounting.
4. Create and manage Assets in the Fixed Asset Work Area.
5. Describe how to setup Depreciation, Retirement and Realities rules.
6. Demonstrate the necessary entries and related accounting impacts when an asset is acquired, utilized, retired, or sold.
7. Identify how Assets are integrated with Procurement, Projects, Inventory and Advanced Global Intercompany System (AGIS).
8. Identify the different Reporting options available in Fixed Assets.
9. Integrate functionality, when required, with Cash Management, Subledger Accounting , Tax and Global Intercompany Systems (GIS).
10. Effectively use the available APIs and Customizations in the Fixed Assets Module.