1. What are the different ways of adding assets in FA?
2. How do we depreciate Assets in Oracle Applications?
3. What is the significance of asset books in FA? Types?
4.What is ment by retire asset? How do we retire assets in Oracle applications?
5. What are the various Journal Entries generated through fixed assets
6.At what level FA is implemented?
7.What is the profile used to secure asset register?
8.What are the asset types in FA Module?
9.What are the different calendars used in FA Module?
10.Is FA Supports Multi _org?

11.What is ment by Roll back depreciation?
12.What are the mandatory flexfiels used in FA?
13.What are the depreciation methods used in FA module?
14.What is ment by prorate convention?
15.What is the use of allow amortized changes check box?
16.What is the difference between Quick addition and detail addition?
17.What is ment by projection?
18.What is ment by what-if analysis?
19.What is ment by leased asset?
20.What is ment by depreciation override? Can we override depreciation?
21.What is ment by physical inventory reconciliation?
22.Tell me something about asset insurance?
23.What is ment by asset revaluation?
24.In prepare mass additions window what are available Q names?
25.what is the difference between initial mass copy and periodic mass copy?
26.what is internal retairment?
27.What experience do you have in FA Module Implementation?
28.What do you know about FA to GL cycle?
Define recurring journal formulas for transactions that you repeat every accounting period, such as accruals, depreciation charges, and allocations. Your formulas can be simple or complex. Each formula can use fixed amounts and/or account balances, including standard, end-of-day, or average balances, actual or budget amounts, statistics, and period-to-date or year-to-date balances from the current period, prior period, or same period last year. You can quickly create new recurring formulas by copying and modifying existing formulas.
You can use recurring journals to create three types of journal entries:
Skeleton Journal Entries: Skeleton entries affect the same accounts each period, but have different posting amounts. After you generate skeleton journal entries, you can edit the unposted journal batch using the Enter Journals form and enter the journal line amounts.
Skeleton journal entries are useful with statistical information whenever you want to record journals for actual transactions based on statistical amounts, such as headcount, units sold, inflation rates, or other growth factors. For example, if you want to enter headcount for each cost center every period, you can define a skeleton entry with your headcount accounts. After you generate the skeleton entries, enter the actual headcount amounts before posting the batch. 
Standard Recurring Journal Entries: Standard recurring journal entries use the same accounts and amounts each period.
Recurring Journal Formula Entries: Formula entries use formulas to calculate journal amounts that vary from period to period.

        Important: If you use summary accounts in your recurring journals, General Ledger maintains references to those summary account templates, even if you delete then recreate the summary accounts.

        What is ERP?
        Enterprise Resource Planning or ERP is an industry term for integrated, multi-module application software packages that are designed to serve and support multiple business functions.
        ERP provides the backbone for an enterprise-wide information system.
        Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer.
        At the core of this enterprise software is a central database which draws data from and feeds data into modular applications that operate on a common computing platform, thus standardizing business processes and data definitions into a unified environment.
        Brief History of ERP
        The focus of manufacturing systems in the 1960′s was on Inventory control. Most of the software packages then (usually customized) were designed to handle inventory based on traditional inventory concepts. In the 1970′s the focus shifted to MRP (Material Requirement Planning) systems that translated the Master Schedule built for the end items into time-phased net requirements for the sub-assemblies, components and raw materials planning and procurement.
        In the 1980′s the concept of MRP-II (Manufacturing Resources Planning) evolved which was an extension of MRP to shop floor and Distribution management activities. In the early 1990′s, MRP-II was further extended to cover areas like Engineering, Finance, Human Resources, Projects Management etc i.e. the complete gamut of activities within any business enterprise. Hence, the term ERP (Enterprise Resource Planning) was coined.
        Why is it Necessary?
        By becoming the integrated information solution across the entire organization, ERP systems allow companies to better understand their business.
        With ERP software, companies can standardize business processes and more easily enact best practices.
        By creating more efficient processes, companies can concentrate their efforts on serving their customers and maximizing profit.
        Market Leaders
        The top five ERP vendors, SAP, Oracle Corporation, Peoplesoft, Inc. (now Oracle Corp.), JD Edwards & Company, and Baan International, account for 64 percent of total ERP market revenue. These vendors continue to play a major role in shaping the landscape of new target markets, with expanded product functionality, and higher penetration rates. SAP dominates the $6.7 billion ERP applications market in Europe with 39% market share. Oracle and PeopleSoft come second and third respectively, followed by SAGE Group and Microsoft Business Solutions.

        Overview of popular ERP Products
        Oracle E- Business Suite
        Oracle E-Business Suite is the industry’s only complete and integrated set of enterprise applications, working together seamlessly to streamline every area of your business—from sales, service, and marketing, through financials and human resources, to supply chain and manufacturing.
        Oracle E-Business Suite is your fastest path to high-quality enterprise intelligence, bringing your company a true 360-degree view of your finances, your customers, and your supply chains, so you can make faster, better decisions and grow profitability in a competitive marketplace.
        Oracle E- Business Suite – Industry Applications
        Oracle E-Business Suite 11i.10 offers over 2,100 new capabilities, half of which meet specific industry needs, including:
        Financial Services: SOP documentation and auditing for compliance with Sarbanes-Oxley and other regulations
        Healthcare: Medication administration, patient encounter-specific financial information, integrated patient care and operational intelligence
        Manufacturing/High Technology: Option-dependent sourcing, automated spare parts return and repair processing, international drop shipments, distribution planning
        SAP
        What is SAP?
        SAP (Systems, Applications, and Products in Data Processing) is the leading ERP (Enterprise Resource Planning) software package.
        SAP was the first to integrate a corporation’s worldwide functions tightly into one application.
        SAP R/2 was released as the first version of their software in 1979. Its domination of the market occurred during the 1980s, expanding first throughout Europe (early 1980s) and then North America (1988).
        SAP R/3, an advanced, client-server based version of the popular R/2 product, was released in 1992 and sparked a stunning takeover of America’s largest businesses — 44% of US companies were using it within five years of its expansion.
        In 1999, SAP introduced its newest major product upgrade. Named mySAP.com to emphasize its shift to an e- business focus, mySAP.com builds on the strengths of the SAP R/3 product in a fully Internet enabled architecture
        SAP R/3 Overview
        SAP R/3 is SAP’s integrated software solution for client/server and distributed open systems. SAP’s R/3 is the world’s most-used standard business software for client/server computing. The software is highly customizable using SAP’s proprietary programming language, ABAP/4.
        R/3 is scalable and highly suited for many types and sizes of organizations. SAP R/3 is based on various hardware and software architectures, running on most types of UNIX, on Windows NT and OS/400. SAP R/3 runs on several databases Oracle, Adabas D, Informix, DB2 for UNIX, DB2/400, and Microsoft’s SQL Server 6.0.
        mySAP ERP
        mySAP ERP combines the world’s most complete, scalable, and effective software for enterprise resource planning (ERP) with a flexible, open technology platform that can leverage and integrate SAP and non-SAP systems. It provides end-to-end software functionality for enterprise management and support — plus support for systems management — all powered by the SAP NetWeaver platform.
        mySAP ERP comes with four individual solutions that support key business processes:
        mySAP ERP Financials
        mySAP ERP Human Capital Management
        mySAP ERP Operations
        mySAP ERP Corporate Services
        PeopleSoft
        PeopleSoft Enterprise is a suite of best-in-class applications built on our Pure Internet Architecture and designed for the most complex business requirements. Ideally suited for large, company-wide functions across all industries, it provides industry-leading web services integration with multi-vendor and homegrown applications. PeopleSoft Enterprise can be easily configured and adapted to meet the most unique customer requirements. In addition, it supports the broadest choice of technology infrastructure in the industry.
        Campus Solutions
        Customer Relationship Management
        Financial Management
        Human Capital Management
        Service Automation
        Supply Chain Management
        Enterprise Tools and Technology
        Siebel
        What Is Siebel?
        Siebel Systems is an eBusiness solutions company and a market-leading provider of Customer Relationship Management (CRM) software.
        Tom Siebel (CEO) and Pat House (Executive Vice President) founded Siebel Systems in July 1993. Headquartered in San Mateo, California.
        Siebel’s initial product set out to organize and automate the sales force with calendars and contact management systems. It has since added numerous other Customer Service, Marketing and e-Commerce applications to its product line.
        Siebel Product Overview
        Siebel’s applications allow companies to access information about their customers whenever they need it. Siebel’s main product line includes its Call Center, Field Services and Sales, and Marketing applications, which allow employees located in different parts of a company to have access to the information they need to assist, service and make additional sales to customers.
        Advantages of Oracle E-Business Suite
        Oracle ERP Suite is based on Oracle Apps framework. What that essentially means to the customers is that no matter which component of the suite you buy, you get the same look and feel.
        Oracle Database
        The biggest USP of Oracle ERP is that it is based on Oracle Database, which in itself is a market leader. So the Oracle ERP is best placed to take advantage of the advances in the database technology. The buzzword is “If it is in the database, you will get it and get it fast!!”
        Consultants
        As far as the components of the suite itself are concerned Oracle Financials is a market leader, Oracle HRMS and Payroll they are catching up pretty fast. So the market indications are pretty positive and you have enough consultants in the market to cash in.
        UI
        Oracle Apps UI comes in two flavours – The Oracle Forms and the Oracle Self Service Application (HTML). The former is meant for the power user and provides incredibly quick learning curves for people from the finance and other domains who are used to Fox pro and dBase forms.
        The Oracle Self Service Application is an HTML based solution and specifically caters to the global organization where Internet plays a major role.
        Role Based Security
        Oracle has been a pioneer in Database Security systems and the buzz word of Oracle Database is “Unbreakable”. Oracle Apps seem to gain from this legacy of secure systems. The role based security system offered by Oracle Apps is one of the better security models available currently.
        Advantage over Best of Breed Software
        Best of breed software cater to specific areas like HRMS, Financials etc. If your business is looking for software in only one specific area and you don’t think s/w for the other areas are required, you might be tempted to go for these offering… But one word of caution, in case you go for s/w for other areas where you select another best of breed s/w, you might end up paying exceptional amount of money in integrating the two softwares.
        This is where Oracle Apps and other Suite vendors like SAP score over the best of the breed software. Implementing different parts of the suite would be much less costly than best of breed software and getting them to talk to each other.
        Fast adoption of standards
        By past record Oracle has a good record of adoption of new legal and technological standards which keep arising from time to time. So standards like Rosettanet, uccnet would be adopted as they solidify.
        Ease of customization and installation
        Oracle has a good record on supporting products. Oracle Apps are quite easy to install and customize according to your business needs.

        Oracle A.I.M. Methodology encompasses a project management methodology with documentation templates that support the life cycle of an implementation. The life cycle methodology and documentation templates allows A.I.M. to be a very useful tool for managing implementation projects successfully.
        This is a depiction of the A.I.M. methodology life cycle:
        Application Implementation Method is a proven approach for all the activities required to implement oracle applications. there are eleven processes of implementation.
        1. Business Process Architecture [BP] – This phase outlines:
        • Existing Business Practices
        • Catalog change practices
        • Leading practices
        • Future practices
        BP.010 Define Business and Process Strategy
        BP.020 Catalog and Analyze Potential Changes
        BP.030 Determine Data Gathering Requirements
        BP.040 Develop Current Process Model
        BP.050 Review Leading Practices
        BP.060 Develop High-Level Process Vision
        BP.070 Develop High-Level Process Design
        BP.080 Develop Future Process Model
        BP.090 Document Business Procedure
        2. Business Requirement Definition [RD] – This phase explains about the initial baseline questionnaire and gathering of requirements.
        RD.010 Identify Current Financial and Operating Structure
        RD.020 Conduct Current Business Baseline
        RD.030 Establish Process and Mapping Summary
        RD.040 Gather Business Volumes and Metrics
        RD.050 Gather Business Requirements
        RD.060 Determine Audit and Control Requirements
        RD.070 Identify Business Availability Requirements
        RD.080 Identify Reporting and Information Access Requirements
        3. Business Requirement Mapping [BR] – In this phase the requirements of business are matched with the standard functionality of the oracle applications.
        BR.010 Analyze High-Level GapsBR.020 Prepare mapping environment
        BR.030 Map Business requirements
        BR.040 Map Business Data
        BR.050 Conduct Integration Fit Analysis
        BR.060 Create Information Model
        BR.070 Create Reporting Fit Analysis
        BR.080 Test Business Solutions
        BR.090 Confirm Integrated Business Solutions
        BR.100 Define Applications Setup
        BR.110 Define security Profiles
        4. Application and Technical Architecture [TA] – This outlines the infrastructure requirements to implement oracle applications.
        TA.010 Define Architecture Requirements and Strategy
        TA.020 Identify Current Technical Architecture
        TA.030 Develop Preliminary Conceptual Architecture
        TA.040 Define Application Architecture
        TA.050 Define System Availability Strategy
        TA.060 Define Reporting and Information Access Strategy
        TA.070 Revise Conceptual Architecture
        TA.080 Define Application Security Architecture
        TA.090 Define Application and Database Server Architecture
        TA.100 Define and Propose Architecture Subsystems
        TA.110 Define System Capacity Plan
        TA.120 Define Platform and Network Architecture
        TA.130 Define Application Deployment Plan
        TA.140 Assess Performance Risks
        TA.150 Define System Management Procedures
        5. Build and Module Design [MD] – This phase emphasizes the development of new functionality (customization) required by the client. It mainly details how to design the required forms, database and reports.
        MD.010 Define Application Extension Strategy
        MD.020 Define and estimate application extensions
        MD.030 Define design standards
        MD.040 Define Build Standards
        MD.050 Create Application extensions functional design
        MD.060 Design Database extensions
        MD.070 Create Application extensions technical design
        MD.080 Review functional and Technical designs
        MD.090 Prepare Development environment
        MD.100 Create Database extensions
        MD.110 Create Application extension modules
        MD.120 Create Installation routines
        6. Data Conversion [CV] – Data Conversion is the process of converting or transferring the data from legacy system to oracle applications. Ex. Transferring customer records from the legacy to the Customer Master.
        CV.010 Define data conversion requirements and strategyCV.020 Define Conversion standards
        CV.030 Prepare conversion environment
        CV.040 Perform conversion data mapping
        CV.050 Define manual conversion procedures
        CV.060 Design conversion programs
        CV.070 Prepare conversion test plans
        CV.080 Develop conversion programs
        CV.090 Perform conversion unit tests
        CV.100 Perform conversion business objects
        CV.110 Perform conversion validation tests
        CV.120 Install conversion programs
        CV.130 Convert and verify data
        7. Documentation [DO] – Documentation prepared per module that includes user guides and implementation manuals.
        DO.010 Define documentation requirements and strategy
        DO.020 Define Documentation standards and procedures
        DO.030 Prepare glossary
        DO.040 Prepare documentation environment
        DO.050 Produce documentation prototypes and templates
        DO.060 Publish user reference manual
        DO.070 Publish user guide
        DO.080 Publish technical reference manual
        DO.090 Publish system management guide
        8. Business System Testing [TE] – A process of validating the setup’s and functionality by QA(functional consultant) to certify status.
        TE.010 Define testing requirements and strategyTE.020 Develop unit test script
        TE.030 Develop link test script
        TE.040 Develop system test script
        TE.050 Develop systems integration test script
        TE.060 Prepare testing environments
        TE.070 Perform unit test
        TE.080 Perform link test
        TE.090 perform installation test
        TE.100 Prepare key users for testing
        TE.110 Perform system test
        TE.120 Perform systems integration test
        TE.130 Perform Acceptance test
        9. Performance Testing [PT] – Performance testing is the evaluation of transactions saving time, transaction retrieval times, workflow background process, database performance, etc
        PT.010 – Define Performance Testing StrategyPT.020 – Identify Performance Test Scenarios
        PT.030 – Identify Performance Test Transaction
        PT.040 – Create Performance Test Scripts
        PT.050 – Design Performance Test Transaction Programs
        PT.060 – Design Performance Test Data
        PT.070 – Design Test Database Load Programs
        PT.080 – Create Performance Test TransactionPrograms
        PT.090 – Create Test Database Load Programs
        PT.100 – Construct Performance Test Database
        PT.110 – Prepare Performance Test Environment
        PT.120 – Execute Performance Test
        10. Adoption and Learning [AP] – This phase explains the removal of the legacy system and oracle application roll out enterprise wide.
        AP.010 – Define Executive Project StrategyAP.020 – Conduct Initial Project Team Orientation
        AP.030 – Develop Project Team Learning Plan
        AP.040 – Prepare Project Team Learning Environment
        AP.050 – Conduct Project Team Learning Events
        AP.060 – Develop Business Unit Managers’Readiness Plan
        AP.070 – Develop Project Readiness Roadmap
        AP.080 – Develop and Execute CommunicationCampaign
        AP.090 – Develop Managers’ Readiness Plan
        AP.100 – Identify Business Process Impact onOrganization
        AP.110 – Align Human Performance SupportSystems
        AP.120 – Align Information Technology Groups
        AP.130 – Conduct User Learning Needs Analysis
        AP.140 – Develop User Learning Plan
        AP.150 – Develop User Learningware
        AP.160 – Prepare User Learning Environment
        AP.170 – Conduct User Learning Events
        AP.180 – Conduct Effectiveness Assessment
        11. Production Migration [PM] – The process of “decommissioning” of legacy system and the usage(adoption) of oracle application system.
        PM.010 – Define Transition Strategy
        PM.020 – Design Production Support Infrastructure
        PM.030 – Develop Transition and Contingency Plan
        PM.040 – Prepare Production Environment
        PM.050 – Set Up Applications
        PM.060 – Implement Production Support Infrastructure
        PM.070 – Verify Production Readiness
        PM.080 – Begin Production
        PM.090 – Measure System Performance
        PM.100 – Maintain System
        PM.110 – Refine Production System
        PM.120 – Decommission Former Systems
        PM.130 – Propose Future Business Direction
        PM.140 – Propose Future Technical Direction

        Aim Documentation Exe Download
        or
        Aim Documentation Docs Download
        The Worklist pages let you view and respond to your notifications using a Web browser. The Advanced Worklist provides an overview of your notifications, from which you can drill down to view an individual notification in the Notification Details page. You can also reassign notifications to another user, request more information about a notification from another user, respond to requests for information, and define vacation rules to handle notifications automatically in your absence.
        Oracle Workflow also provides the Personal Worklist, which includes additional options to specify what notifications to display in your Worklist and what information to display for those notifications. Before you can use the Personal Worklist, your system administrator must give you access to it.
        Worklist Access

        The Advanced Worklist also lets you grant access to your worklist to another user. That user can then act as your proxy to handle the notifications in your list on your behalf. You can either grant a user access for a specific period or allow the user’s access to continue indefinitely.
        The worklist access feature lets you allow another user to handle your notifications without giving that user access to any other privileges or responsibilities that you have in Oracle Applications. However, note that a user who has access to your worklist can view all the details of your notifications and take most actions that you can take on the notifications. Ensure that you take all necessary security considerations into account when you choose to grant worklist access to another user.
        Advantages
        If another user has granted you access to his or her worklist, you can switch the Advanced Worklist to display that user’s notifications instead of your own. When viewing another user’s worklist, you can perform the following actions:
        View the details of the user’s notifications.
        Respond to notifications that require a response.
        Close notifications that do not require a response.
        Reassign notifications to a different user.
        Request more information about a notification from a different user.
        Respond to a request for more information.
        Limitations
        If the user whose worklist you are accessing has a notification sent from you, you can only view that notification and cannot take any action on it. For example, you cannot respond to a notification that you reassigned to the other user, nor to a notification marked as being sent from you by special logic in the workflow, such as an expense report that you submitted to the other user for approval.
        You cannot define vacation rules for the user whose worklist you are viewing. You also cannot grant access to that user’s worklist to anyone else.