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Oracle Financials and Oracle Procurement Functional Upgrade Guide: Release 11i to Release 12
Release 12.1
Part Number E13482-03
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Oracle Assets

This chapter covers the following topics:

Overview

In Release 12, Oracle Assets introduces a number of new features. Some of these features require a data upgrade and involve terminology, prompt, and flow changes. Some of the existing functionality is now obsolete.

Subledger Accounting Architecture

In Release 12, Oracle Assets adds Subledger Accounting (SLA) functionality. By default, transactions in the current fiscal year in Asset books will have their accounting lines migrated to the Subledger Accounting model. Accounting for current period depreciation will be upgraded only if depreciation has already run for the period, and the period remains open. After the upgrade, customers can run the SLA postupgrade process to update accounting for the past transaction data as needed.

The upgrade for Subledger Accounting performs a number of tasks:

The Subledger Accounting upgrade is generic, and there are very few assumptions that have been made:

After the Subledger Accounting upgrade, a number of changes have been made to the business flows for the Journal Entry processing as the following:

The following lists those features that are obsolete in Release 12 or replaced by another feature:

Invoice Distributions from Oracle Payables

Invoice distributions from Oracle Payables that have been interfaced to Assets will be upgraded to display the Invoice Line Number. This new field will appear in the Asset Workbench, Financial Inquiry, and Mass Additions Prepare forms.

Global Descriptive Flexfield Migration for Greece

Commitment and Investment Law will be migrated from Global Descriptive Flexfields specific to Greece localizations into named fields that will appear in the Asset Workbench and be available to all users. The global_attribute1 and global_attribute2 columns in Assets will be copied into the Commitment and Investment Law fields, respectively.