1Overview of Assets Implementation

This chapter contains the following:

You can use the Rapid Implementation integrated workbook template to rapidly implement Oracle Fusion Assets and set up the following objects:

  • Key flexfield structure

  • Categories

  • Locations

  • System controls

  • Depreciation calendars

  • Prorate conventions

  • Asset books

Use the standard Define Fixed Assets Configuration task lists for Assets configurations that cannot be set up or updated using the rapid implementation approach.

Tasks

You must perform the following tasks in the Define Fixed Assets Configuration for Rapid Implementation task list to rapidly implement Assets:

Task Description

Create Fixed Assets Configuration in Spreadsheet

Downloads the rapid implementation Excel integrated workbook template. You must use this template only for initial configuration. Do not use it to make additional changes.

Update Fixed Assets Configuration in Spreadsheet

Downloads the rapid implementation integrated workbook template. You must use this template to review, modify, or add to the existing configuration.

Upload Fixed Assets Configuration in Spreadsheet

Calls the Upload Fixed Assets Configuration process from the Scheduled Process page with the data file as a parameter. You upload the file generated from the spreadsheet template and monitor the process to make sure it completes successfully.

Note: The Create Fixed Assets Configuration in Spreadsheet task lets you create only a monthly depreciation calendar. You can create any depreciation calendar using the Update Fixed Assets Configuration in Spreadsheet task.

Implement Assets

Get started with Oracle Fusion Assets and enable your reporting and accounting capabilities using the Define Fixed Assets Configuration for Rapid Implementation task list. This task list provides a framework to develop and manage your Assets flexfields, system controls, fiscal years, locations, calendars, prorate conventions, asset books, and asset categories.

This figure shows the major setup tasks you complete
to implement Assets.

Set Up Assets

The tasks in the following list relate to the setup of Oracle Fusion Assets. These are the basic steps for setup. These tasks appear in the setup task list in the Setup and Maintenance work area. However, in your task list the tasks may be interspersed with other tasks that you don't need to perform before you can use Oracle Fusion Financials.

For setting up Assets, each task is performed by the Application Implementation Manager.

Define Fixed Assets Configuration for Rapid Implementation

All documentation references are from the Oracle Financials Cloud Implementing Assets guide, unless otherwise noted.

  1. Create Fixed Assets Configuration in Spreadsheet.

    • Perform the task Create Fixed Assets Configuration in Spreadsheet to define your initial Fixed Assets configuration or rapidly implement Oracle Fusion Asset categories, system controls, depreciation calendars, prorate conventions, and books.

    • See: Oracle Applications Cloud Configuring and Extending Applications guide.

  2. Update Fixed Assets Configuration in Spreadsheet.

    • Perform the task Update Fixed Assets Configuration in Spreadsheet to update or add to your Oracle Fusion Asset categories, locations, and books.

  3. Upload Fixed Assets Configuration in Spreadsheet.

    • Perform the task Upload Fixed Assets Configuration in Spreadsheet to load the key flexfield structure, system controls, calendar, prorate convention, asset book, location combination, and category assignment to the book created or updated in the spreadsheet.