EAM Setup (Enterprise Asset Management )on Oracle EBS R12

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 Setting up Enterprise Asset Management (EAM) in Oracle E-Business Suite (EBS) R12.3 involves several configuration and master data setup steps. Here's a step-by-step guide to set up EAM in Oracle EBS R12.3:


Step 1: Enable Enterprise Asset Management


Navigation: Responsibility "System Administrator" > Profile

Set the profile option "INV: Asset Tracking" to "Yes" to enable Enterprise Asset Management functionality.


Step 2: Define Asset Categories


Navigation: Assets > Asset Categories

Define asset categories based on your organization's asset classification requirements (e.g., Buildings, Machinery, Vehicles).


Step 3: Define Asset Key Flexfield Structure


Navigation: Setup > Flexfields > Key > Segments

Define the structure of the Asset Key Flexfield to capture unique asset identifiers.


Step 4: Define Asset Key Flexfield Values


Navigation: Assets > Asset Workbench

Define asset key flexfield values by creating asset records for each asset with unique identifiers.


Step 5: Define Asset Location Flexfield Structure


Navigation: Setup > Flexfields > Key > Segments

Define the structure of the Location Flexfield to capture asset location information.


Step 6: Define Asset Location Flexfield Values


Navigation: Assets > Asset Workbench

Define asset location flexfield values by creating location records for each asset.


Step 7: Set Up Depreciation Calendar


Navigation: Assets > Calendar

Define the depreciation calendar to determine the default depreciation period and prorate convention.


Step 8: Define Depreciation Methods


Navigation: Assets > Depreciation > Methods

Create depreciation methods based on your organization's depreciation policies (e.g., Straight Line, Declining Balance).


Step 9: Define Asset Books


Navigation: Assets > Books

Create asset books to track assets with different accounting rules (e.g., corporate, tax, reporting).


Step 10: Assign Asset Categories to Asset Books


Navigation: Assets > Asset Categories

Assign asset categories to the appropriate asset books to determine the depreciation rules for each category in each book.


Step 11: Set Up Mass Additions


Navigation: Assets > Mass Additions

Import asset data into the Mass Additions interface and validate the data.


Step 12: Review and Validate Mass Additions


Navigation: Assets > Mass Additions

Review and validate the imported asset data before adding assets.


Step 13: Add Assets


Navigation: Assets > Asset Workbench

Add assets from the validated mass additions.


Step 14: Perform Asset Adjustments (if needed)


Navigation: Assets > Asset Workbench

Perform adjustments to asset costs, depreciation, or other attributes if necessary.


Step 15: Perform Asset Transfers (if needed)


Navigation: Assets > Asset Workbench

Transfer assets between locations or departments if required.


Step 16: Perform Asset Retirements (if needed)


Navigation: Assets > Asset Workbench

Retire assets from the books if they are no longer in use.


Step 17: Run Depreciation


Navigation: Assets > Depreciation > Calculate > Depreciation

Run depreciation to calculate asset depreciation for the defined period.


Step 18: Review Asset Reports


Navigation: Assets > Asset Workbench

Use various asset accounting reports to analyze asset values, depreciation, and other asset-related information.


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