What is Oracle Asset Tracking?

What is Oracle Asset Tracking?

Oracle® Asset Tracking is a comprehensive asset lifecycle tracking application that provides tracking, visibility, and control of globally dispersed assets for capital-intensive companies, along with complete transaction auditing.

What is Oracle 11i?

A very popular relational database management system (DBMS) from Oracle, introduced in 1978. Oracle was the first database product to run on a huge variety of hardware from micro to mainframe, giving it a major competitive advantage in the 1980s.

When was Oracle 11i released?

History[edit] It superseded release 12.1 released in May 2009. The base release of R12 (12.0) was released on 31 January 2007. The main release before 12.0 was E-Business Suite 11i (not to be confused with the database, Oracle 11g).

What is Oracle Fixed Asset module?

The Fixed Assets module is a complete front-end module of Oracle FLEXCUBE that captures and tracks the characteristics of the fixed asset of your bank. Using this module you can clearly identify the various applicable events and manage all the activities during the assets useful lifecycle.

Is Oracle 11i still supported?

The short answer is no. Organizations operating on 11i or R12 releases prior to 12.1 only have Sustaining Support available to them. Those on 12.1 can receive Premier Support through December 2021, but Extended Support won’t be an option and they’ll automatically transition to Sustaining Support after that date.

What are assets in Oracle Apps?

Oracle Assets tracks expensed items, but does not create journal entries for them. Oracle Assets does not depreciate expensed assets, even if the Depreciate check box in the Books and Mass Additions Prepare windows is checked for that asset. Group: A group asset is a collection of member assets.

What is Fixed Assets in ERP?

The Fixed Assets ERP software module handles asset registration, classification, tagging, retirement and disposal for individual as well as composite assets. Management functions provide financial, tax and lease asset accounting capabilities in addition to repair/service scheduling.

What is the latest version of Oracle E-Business Suite?

EBS 12.2. 10 is Oracle’s most recent iteration of the E-Business Suite collection of software applications for enterprise resource planning, customer relationship management, and supply chain management. The previous version, EBS 12.2. 9, was released last year in August 2019.

Is Oracle R12 still supported?

Oracle E-Business Suite is the backbone of your business operations. Oracle E-Business Suite 12.1 release will move into Oracle Sustaining Support in January 2022 and you will no longer receive new fixes, updates, or security patches.

How does Oracle asset tracking work?

To track inventory items and assets, Oracle Asset Tracking must interact with several enterprise resource planning (ERP) applications. It sends to and receives messages from these applications about the status and location of the items that you want to track.

What is an asset in Oracle inventory?

An asset comprises a collection of items. The items may be trackable or not trackable. During implementation, items are designated as Oracle Asset Tracking-trackable at the master level in Oracle Inventory. Oracle Asset Tracking tracks the activity of the trackable items through inventory and projects, and into fixed assets.

How do I make an item trackable by Oracle install base?

You perform the task of making an item trackable by both Oracle Install Base and Oracle Asset Tracking in Oracle Inventory, as follows: When you define a master item, then, to make the item trackable, check the Track in Install Base check box on the Service tab.

How do I create an asset for a depreciable item?

For a depreciable item, the asset is created when an item is received, either in Oracle Inventory or Oracle Projects. The asset is created by Oracle Asset Tracking with the purchase order cost, which can be adjusted later after the invoice is matched the purchase order.