R12.x Oracle Asset Management Fundamentals Course Overview

To ensure that our students have the best learning experience and outcomes from the R12.x Oracle Asset Management Fundamentals course, it is important to have a certain level of foundational knowledge and skills before enrolling. Here are the minimum prerequisites for the course:

• Basic understanding of fixed assets and their lifecycle (acquisition, depreciation, retirement).
• Familiarity with general accounting principles and financial reporting.
• Experience with Oracle E-Business Suite Navigation and Oracle General Ledger basics would be beneficial.
• Knowledge of accounts payables and receivables is helpful but not mandatory.
• Some prior exposure to enterprise asset management concepts can aid in grasping the course material more effectively.

These prerequisites are designed to ensure that you are well-prepared to dive into the course content and are able to fully grasp the principles of Oracle Asset Management. Our goal is to empower you with the skills and knowledge you need to succeed, without overwhelming you with prerequisites.

Target Audience for R12.x Oracle Asset Management Fundamentals

R12.x Oracle Asset Management Fundamentals course offers comprehensive training in managing assets within the Oracle EBS framework, ideal for finance and IT professionals.

• Financial Analysts
• Asset Managers
• ERP Consultants
• Oracle EBS Implementers
• Accountants
• IT Professionals working with financial systems
• Financial Controllers
• Oracle Applications Functional Implementers
• System Analysts/Developers managing asset systems
• Operations Managers overseeing asset management
• Technical Support staff for financial management systems

Learning Objectives - What you will Learn in this R12.x Oracle Asset Management Fundamentals?

Introduction to the Course's Learning Outcomes and Concepts Covered

In the R12.x Oracle Asset Management Fundamentals course, participants will gain comprehensive knowledge of managing assets in Oracle E-Business Suite, focusing on asset lifecycle, from acquisition to retirement, and related financial transactions.

Learning Objectives and Outcomes

• Understand Oracle Asset Management: Gain a foundational understanding of the Oracle Asset Management system and its integration with other Oracle E-Business Suite applications.
• Set Up Asset Controls: Learn to configure key controls, including fiscal years, calendars, and asset locations, critical for the asset management process.
• Manage Asset Books: Understand how to create and manage asset books, which are essential for recording financial information related to assets.
• Define Asset Categories: Learn to set up asset categories that will help in organizing assets according to their type and accounting rules.
• Add Assets Manually: Acquire the skills to add assets manually to the system, entering all necessary details and values.
• Process Mass Asset Additions: Master the process of adding multiple assets to the system in a batch, improving efficiency and accuracy.
• Handle CIP Asset Additions: Understand the management of Construction in Progress (CIP) assets and how they are capitalized upon completion.
• Adjust and Maintain Assets: Learn how to perform asset adjustments, reclassifications, and transfers to maintain accurate asset records.
• Calculate and Record Depreciation: Gain the ability to set up and run depreciation calculations, a critical component of asset management.
• Retire Assets: Understand the processes and implications of asset retirement, along with the financial transactions involved.
• Perform Asset Accounting: Acquire knowledge on how to create and post journal entries related to asset transactions.
• Utilize Asset Inquiry and Reporting: Learn to use the system's inquiry and reporting features for effective monitoring and decision-making.
• Comprehend Tax Accounting: Understand the differences between corporate and tax accounting for assets, and how to manage tax-related asset information.