R12.2 Oracle Asset Management Fundamentals Course Overview:

The R12.2 Oracle Asset Management Fundamentals course is designed to equip users with the knowledge and skills to effectively utilize Oracle’s E-Business Suite Asset Management module. It covers topics such as setting up the module, creating asset books, tagging and depreciating assets, and generating asset and status reports. The course aims to enhance users’ understanding of the module and boost productivity in managing Oracle’s asset data. It is suitable for both new users requiring setup guidance and experienced users seeking to upgrade their asset management skills.

Intended Audience:

1. Individuals with some familiarity with finance operations and/or enterprise asset management concepts, seeking to understand the Oracle R12.2 system.
2. Finance operations staff.
3. Asset managers.
4. System administrators.
5. IT professionals.
6. Asset custodians.
7. IT security professionals.
8. Financial report preparers.

Learning Objectives of R12.2 Oracle Asset Management Fundamentals:

1. Understand the basic concepts of Oracle Asset Management in R12.2, such as Assets, Books, Primary Cost, Depreciation and Financing.
2. Learn how to define and set up an asset, such as classification codes and asset categories.
3. Understand how to utilize the asset information in life cycles, from preparation and management, to retirement and disposal.
4. Create books for management, investigate asset cost variances, and understand the different methods of depreciation.
5. Setup special setups for depreciation; transfer assets between books and records; and setting up Asset Key Flexfields.
6. Determine how to track and monitor fixed assets within the system; recognize, define, and track all the costs that an asset incurs, and explore the different types of financing available for assets.
7. Get knowledge of defining and setting up Mass Additions and Assets Revaluations; analyzing capitalization; tracking asset movement; and understanding asset information reporting.
8. Analyze capital appropriations; setup Asset Balancing Segment parameters; create and view asset reports; understand common asset management transactions; and learning how to retire assets.