Oracle Assets Enhanced Features in Version 11.5.10.

Contents
Group Depreciation Retirement Notification Enhanced Depreciation Override Asset Trace Utility Group Asset Security Support for CIP Assets in Groups Enhanced Asset Inquiry

Group Depreciation
Group Depreciation simplifies management of large volumes of assets by pooling individual assets into groups. This feature also enables companies to comply with tax, financial and regulatory reporting governing asset depreciation.

Enable Allow Group Depreciation to Allow Group Assets To Be Added in Asset Book.

While Creating Group Select Asset Type As Group

First Transactions In That Group Assets

Choose Your Asset group For Transaction

Second Transaction In Same Group Asset

Choose Your Asset group For Transaction

Now Run The Depreciation For Checking Group Depreciation

Query Your Asset Number And Click On Financial Inquiry

Check the Group Depreciations Details

Retirement Notification
Users of Oracle Projects in the field can raise retirement notifications to fixed assets accountants by specifying certain options such as category, location and number of assets, etc. The system selects assets based on the selected criteria and retires them when the fixed assets accountants approve the selection. Cost of removal and proceeds can be transferred from Oracle Projects into Group Assets in Oracle Assets for reserve adjustments.

Enhanced Depreciation Override

Depreciation Override provides a mean to true-up an assets depreciation expense and bonus depreciation expense for a given accounting period. A new form will be available for entering user-defined expense amounts to override systemcalculated amounts.

Set the profile option FA: Enable Depreciation Override to Yes In System Administrator.

Complete Your Transaction Which You Want To Be Override

Click on Override

Query Asset Number Which You Want To Be Override

Select Status As Post And Save It.

After Run Depreciation Check The Status

Asset Trace Utility

Asset Trace Utility provides a comprehensive view of asset data for diagnoses and troubleshooting. This HTML report shows data stored major transaction database tables for a given asset.

Submit New Request To Generate Asset Trace

See All The Information Of That Asset .

Group Asset Security

A group asset can now be enabled or disabled from the Asset Workbench. A disabled group will not depreciate and you cannot perform any transactions affecting the group asset.

Support for CIP Assets in Groups

CIP assets can now be assigned to Group Assets. option is controlled at the Asset Book level. This

Enable Allow CIP Members in Group Assets and Allow CIP Depreciation in Group Assets In Asset Book.

Enhanced Asset Inquiry

Asset Inquiry is a self-service inquiry tool that allows you to access real-time information of your assets. This tool is enhanced with Advanced Search capability and additional search parameters. You can also view attachments to assets such as documents, images, video and audio clips, etc

Query Asset Number Which You Want To Be Attached Document

Attaching Document By Following Website Etc.

Displaying The Document Through Website