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Oracle Modern Best Practices for Higher Education—Finance

Asset Acquisition to Retirement
Align Actual and Budget Costs

Higher Education—Asset Acquisition to Retirement

Modern best practice enablers of mobile, social and analytics have led to tremendous advances in aligning actual and budget costs. You have the ability to control assets by monitoring and interacting with the entire organization to finalize any asset activities and transfer to general ledger. Cloud applications provide an easy platform to securely socialize your asset acquisition, deployment, depreciation, retire and reinstatement.


Acquire Assets
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Acquire Assets

Record asset acquisitions at all locations via purchases, projects, grants and contracts throughout the institutions. Secure interaction via social network on open issues, questions and approvals.


Recognize and Register
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Recognize and Register

Automated recognition of assets on purchase. Dashboard driven placement into service, useful life definition and tax valuation.



Assign Amortization
Mobile. Analytics. icon Mobile. Analytics.

Assign Amortization

Automated calculation of depreciation & rules –based assignment to cost center(s) etc. using GASB accounting standards. Automatically track depreciation tax breaks and deferrals.


De-recognition and Disposal
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

De-recognition and Disposal

Manage valuations, disposals, de-recognition and retirements in compliance with legal / grant requirements – maintaining accounting and tax position alignment.


Manage Asset Insights
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Manage Asset Insights

Active management of fixed assets via secure role-based dashboard allowing centralized monitoring, alerts, reassignment and period close for all locations.


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