Tuesday Sep 09, 2014

New Fixed Assets White Paper for Insurance Policies and Calculations

If you are contemplating the use of the insurance policy feature of Fixed Assets, you may be interested in a new document:  White Paper – Insurance Calculations in Oracle Assets (Doc ID 1913774.1).   Setup steps and insurance calculation methods are included in this new white paper.  Insurance

With this insurance feature, you can check if assets are under- or over-insured based on the annual index provided by your insurance company.  You can enter, view and maintain the insurance policies as well as the calculation methods.  There are three different calculation methods that can be used to obtain the current insurance value, which is then compared to the actual insurance coverage for an asset.

The three calculation methods are:

  • Value as New (VAN) - This method calculates the base insurance value of the asset, based on acquisition or production costs.  This value can be indexed annually to give a current insurance value.  It can also incorporate the indexed value of transactions that affect the asset value.
  • Market Value (CMV) - This method calculates the current market value of the asset.  Assets automatically calculates the current value from the net book value of the asset, incorporating index factors and the indexed value of any transactions affecting the asset value.
  • Manual Value - This method allows you to manually enter an insurance value for an asset.  With this method you can also manually enter updates to the asset insurance calculations in the insurance value.  Assets updates the current insurance value automatically only if you enter an optional maintenance date.

Additionally, there are two associated reports:

Insurance Data Report - Used to review insurance details for assets and to verify that the assignments for insurance records are correct.

Insurance Value Detail Report - Used to review calculations of insurance coverage for selected assets.  The Insurance Value Detail Report prints all insurance amounts for the selected assets and displays totals at the Balancing Segment level, Insurance Calculation Method level, Insurance Company level, and Insurance Policy Number level. The insurance coverage calculation indicates the differences between insured amounts and current insurance values.

For more details on the Fixed Assets' insurance feature, take a look at the white paper.  It also includes example cases with sample calculations and comparisons.

Monday Mar 17, 2014

Need Assistance With A POST Mass Additions Issue?

In the last entry to the EBS Fixed Assets Support Blog, the Troubleshooting Assistant for the Create Mass Additions process was highlighted.  We also have a Troubleshooting Assistant for the POST Mass Additions process (also known by its short name of FAMAPT).  The Post Mass Additions process is the process used to post mass additions lines, making assets from those addition lines.  Alternatively, you might be making cost adjustments to assets or adding CIP assets using the Post Mass Additions process.  1610669.2

To assist with issues that you might encounter in the Post Mass Additions process, we have a new Troubleshooting Assistant (or Search Helper) to help you identify typical problems and obtain the solutions for those problems. 

  • You might have an error in the process
  • Perhaps you have encountered a performance issue
  • Maybe you are trying to merge addition lines
  • Is the list of values (LOV) for the book empty? 

Select the appropriate issue(s) in the selection window of the Troubleshooting Assistant and possible solutions will appear on the right side once you make your selection(s).

You can access this Troubleshooting Assistant by reviewing Troubleshooting Assistant: FAMAPT - Post Mass Additions (Search Helper) (Doc ID 1610669.2).

Thursday Feb 27, 2014

Need Assistance With A Create Mass Additions Issue?

We have created a new Troubleshooting Assistant for Oracle Fixed Assets for the Create Mass Additions process.  This process (also known by its short name in Assets as FAMACR and in Payables as APMACR) is used to bring addition and adjustment lines from Accounts Payable into Fixed Assets via the mass additions interface.  There have been a number of changes to the process and enhancements made in recent releases.

TroubResolveleshooting Assistants are resources created to help you find a resolution to an issue by guiding you from the problem, through the possible scenarios, and to the proposed solution.  These troubleshooting assistant types of resources were formerly called Search Helpers.  Called by either name, they are designed to provide a path through various topics related to a process and, based on the selections you make, provide suggested solutions. 

The troubleshooting assistant for create mass additions includes solutions for these issues, and more: 

  • Addition lines that were not transferred from Payables to Assets
  • Addition lines that were transferred into Assets but should not have been 
  • Merging of addition lines 
  • Transferring freight, tax or miscellaneous lines
  • ORA-30926 errors
  • Performance issues

You can access this troubleshooting assistant in Troubleshooting Assistant: Create Mass Additions From Payables (AP) to Fixed Assets (FA) (Doc ID 1609542.2)

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