Oracle Cloud Fusion Financials Fixed Assets (Module 5/5)

Understand Oracle Fusion's quarterly version releases and the year-quarter naming scheme (a, b, c, d), now at 25a. Learn to verify the server version via about this application.

Discover how to identify offerings as business functions like financial, HCM, and supply chain, and enable them on the Fusion server based on license status.

Create an implementation user for Airtel's fusion server; distinguish from HCM users who must be employees, and verify access via the security console and admin login.

Assign roles to users to grant access and privileges for screens and activities. Understand abstract, job, duty, and data rules with examples like employee and project manager.

Manage users and roles in the security console, assign the security manager role to grant admin access, and verify access by logging in and reviewing role memberships for functional security.

Learn how the functional setup manager configures financial, human capital management, supply chain management, sales and distribution, order management, and project accounting setups, and assign the application implementation consultant role.

Create the Tata Motors implementation project in Oracle Cloud Fusion financials, assign offerings for financials and procurement, and set start date and status to in progress.

Assign the employee role in Oracle Cloud Fusion Financials to grant access to schedule process and expense report screens, enabling running processes and reports.

Discover the general ledger as the main ledger that consolidates subledgers through subledger accounting, generating journals and the trial balance for financial statements.

Learn how currency determines transaction amounts, distinguishing monetary, non-monetary, and tat currencies, and view and enable currencies such as INR and USD in Oracle Fusion Financials.

Learn to configure the mandatory accounting calendar in Oracle ERP Cloud, understand calendar year vs fiscal year, and create 13 periods with an adjustment period for year-end closing.

Explore how to create a chart of accounts in Oracle Fusion, defining value sets and segments (company, department, account, intercompany), and building account combinations for efficient general ledger entry.

Create a chart of accounts structure instance in Oracle Fusion Financials, enabling dynamic combination creation and deploying flexfields to validate setup with zero errors.

Learn to create chart of accounts values using seven value attributes across four segments—company, department, account, intercompany—with posting, budgeting, and default values in the ledger.

Apply accrual and cash basis accounting methods to record and report financial transactions, using journal entries for invoices and payments, and explore standard accrual across countries and encumbrance options.

Create the primary ledger and retained earnings account in Oracle Fusion Financials, set ledger options, and run the accounting configuration to finalize the general ledger setup.

Assign three core general ledger roles—chief financial officer, controller, and financial analyst—to a user, then grant ledger data access to primary ledgers to perform all GL activities.

Learn to manage open GL periods in Oracle Cloud Fusion Financials, including statuses from never opened to permanently closed and feature statuses, and how to open, verify, and post transactions.

Create manual general journals in the general ledger, detailing debit and credit lines for daily business transactions, then post and verify balances across periods.

Configure and run the general ledger trial balance report to generate a detailed balance view for profit and loss and balance sheet, using the primary ledger, INR, and December period.

Learn how enterprise structure supports multinational operations in Oracle Cloud Fusion, defining divisions, ledgers (GL), legal entities, business units, inventory organizations, and sub inventories within a single database.

Configure the enterprise structure setups manually in fusion financials, including legal entities, addresses, ledgers, balancing segment values, and reference data sets to support multiple business units.

Explore Oracle Fusion Financials enterprise structure setups by creating and assigning a business unit, enabling functions, and configuring inventory organization with common and enterprise reference data sets.

Rapidly implement Oracle Fusion enterprise structure with a spreadsheet template to auto-create the general ledger, chart of accounts, ledgers, business units, and legal entities.

Examine how Oracle Cloud Fusion fixed assets integrates with accounts payable, accounts receivable, and GL, including asset creation in EFA and project portfolio management, with retirement transactions posted to GL.

Configure the asset category flexfield in oracle cloud fusion fixed assets, define major and minor category segments, create related values, and deploy the structure for asset classification.

Learn how asset key flexfields in Oracle Cloud Fusion fixed assets group assets by category or repair, configure a key flexfield structure, and deploy values.

Review how to define system controls at the server level in Oracle Fusion fixed assets, including enterprise name, date placed in service, flexfield structure, and automatic asset numbering.

Navigate to Oracle Cloud Fusion Financials Fixed Assets setup and maintenance to create a fiscal year by entering its start, end, mid-year dates, based on the earliest service date.

Create the depreciation calendar for Oracle Cloud fusion fixed assets, aligning with the GL calendar and fiscal year. Choose monthly or quarterly periods and respect the single open period rule.

Learn to create and apply a prorate calendar to spread annual depreciation over fiscal-year periods, calculating nine months in the first year and monthly depreciation for fixed assets.

Learn how to create a prorate convention calendar in Oracle Cloud Fusion Fixed Assets to determine the depreciation start date in the asset's first year, using first-year purchase scenarios.

Learn to create retirement conventions in Oracle Cloud Fusion Fixed Assets to set depreciation end dates, prorated depreciation, and retirement timing.

Discover how depreciation works using flat rate method, computing yearly and monthly depreciation from asset cost minus salvage value, and create a flat rate method in Oracle Fusion Fixed Assets.

Harness the calculated depreciation method and its equivalence to the straight line method. Depreciate an asset evenly over its useful life using (cost minus salvage value) divided by life.

Learn the table-based depreciation method in Oracle Cloud Fusion Fixed Assets, using a five-year life with twelve periods per year and depreciation rates drawn from a table.

Explore the formula based depreciation method in Oracle Fusion Fixed Assets, creating a custom formula (asset cost minus salvage value multiplied by a custom formula) and testing the depreciation rate.

Create and configure a corporate asset book for fixed assets, set depreciation rules, accounts, and calendars; then assign asset accountant and asset accounting manager roles and grant data access.

Create asset categories in Oracle cloud fusion fixed assets using category flexfield segments for computers and vehicles, then enable depreciation with default expense, pro rate, and salvage value settings.

Add assets in Oracle cloud fusion fixed assets using the add asset page, creating capitalized asset, cap asset, asset expense, or asset group via base, adf-rda, spreadsheet, or mass additions.

Learn to calculate depreciation in Oracle Cloud Fusion fixed assets using the flat rate method, considering asset cost and salvage value, run depreciation at the book level, and verify results.

Execute the create accounting process to transfer fixed asset transactions to the general ledger, post to GL, verify additions and depreciation journal entries, and ensure GL periods are open.

Generate the general ledger trial balance report in Oracle Cloud Fusion Financials to summarize fixed assets data, accounts, balances, and depreciation for the ledger.

Learn to create fixed assets in spreadsheet using Adf-rda, enable macros, unlock the master file, enter asset details, post mass additions, and verify assets in Oracle Fusion Fixed Assets.

learn the mass addition process in Oracle Cloud Fusion Fixed Assets to convert AP invoices into assets, including asset clearing account, track asset, and GL transfer.

Learn how construction in progress becomes a capital asset through three invoices for machinery, transport, and installation, transferred to EFA and added to the asset. Depreciation applies to capital assets.

Execute mass transfer in Oracle Cloud Fusion fixed assets to update locations for multiple assets in a single transaction, then post and verify assignments.

Change the cost of a single asset in Oracle Cloud Fusion Fixed Assets by updating financial details, submitting the change, and verifying the new asset cost.

Discover how to perform a single asset reclassification in Oracle Cloud Fusion fixed assets, changing a truck to a bus and confirming the update via asset inquiry.

Learn to perform mass reclassification in Oracle Cloud Fusion Fixed Assets by selecting assets, changing the category, inheriting depreciation rules, posting, and verifying category changes from truck to bus.

Execute single asset retirement in one transaction within Oracle Fusion Fixed Assets, perform the retirement steps, and verify updated book cost and zero current cost after retirement.

Oracle cloud fusion fixed assets covers mass retirement of assets, including single asset and group retirement, with verification, posting, and retirement results.

Learn the single asset reinstatement process in Oracle cloud fusion fixed assets, including selecting an asset, clicking reinstate, posting online transactions, and verifying updated cost from zero to 20 lakhs.

Implement mass reinstatement in Oracle Cloud Fusion fixed assets to reinstate retired assets in a single transaction, post the batch, and verify updated asset costs in the P42 corporate book.

Configure a tax book from the corporate book in Oracle Cloud Fusion Fixed Assets, enable mass copy, set depreciation and accounts, then verify assets in the tax book.