Oracle ARCS Fixed Assets Reconciliation: Data Integration Setup
(Telecommunications & Shipping Industry)
Introduction
This guide provides step-by-step instructions for setting up data integration in Oracle
Account Reconciliation Cloud Service (ARCS) for Fixed Assets reconciliation, tailored for the
Telecommunications and Shipping Industry. It includes sample screenshots and examples
to illustrate the process.
Step 1: Configure Data Integration in Oracle ARCS
1.1 Accessing Data Integration
1. Log in to Oracle ARCS.
2. Navigate to Data Management under the Navigator Menu.
3. Click on Setup → Source System.
4. Select Create and define a new source system (e.g., 'Oracle Fixed Assets -
Telecom/Shipping').
1.2 Define Data Sources
1. Go to Data Integration.
2. Click Create → Integration.
3. Enter a name like 'Fixed Assets to GL Reconciliation - Telecom/Shipping'.
4. Set Source as Oracle Fixed Assets.
5. Set Target as Oracle General Ledger.
6. Click Save and Close.
Step 2: Define Data Load Rules
2.1 Create Data Load Rule
1. Navigate to Data Load Rules.
2. Click Create.
3. Select Source: Oracle Fixed Assets.
4. Select Category: Fixed Assets Reconciliation.
5. Choose the appropriate Import Format.
6. Click Save.
Step 3: Data Load Execution
3.1 Running the Data Load
1. Go to Workbench → Data Load Execution.
2. Select the Data Load Rule created earlier.
3. Click Run.
4. Verify that data from Fixed Assets is loaded into ARCS.
Step 4: Set Up Auto-Reconciliation Rules
1. Navigate to Reconciliation Compliance.
2. Select Fixed Assets Reconciliation.
3. Go to Auto-Reconciliation Rules.
4. Define rules such as:
- If Fixed Assets Balance = General Ledger Balance → Auto-Certify.
- If variance < $500 → Flag for Review.
- If variance is due to telecom spectrum licensing, fiber optic network expansion, or vessel
depreciation timing differences, auto-tag for variance justification.
- If variance is related to international shipping regulations affecting asset valuation, flag for
compliance check.
5. Click Save.
Step 5: Certification and Approval
1. Once the reconciliation is complete, certify the reconciliation.
2. Assign it to the reviewer for approval.
3. If approved, it will be locked for audit purposes.
Step 6: Generate Reports
1. Navigate to Reports.
2. Select Reconciliation Summary Report.
3. Filter by Fixed Assets - Telecom/Shipping.
4. Click Generate.
End-to-End Example
Telecommunications Industry: Fiber Optic Network Expansion
1. Scenario: A telecom company installs a new fiber optic network with a total cost of $2M.
2. Data Entry:
- Fixed Asset: 'Fiber Optic Cable - Region A'
- Cost Balance: $2,000,000
- Accumulated Depreciation: $200,000
- Net Book Value: $1,800,000
- General Ledger Balance: $1,800,000
3. Reconciliation:
- Data is loaded into Oracle ARCS.
- No variance detected → Auto-Certified.
- If variance occurs (e.g., unexpected cost adjustments), flagged for review.
Shipping Industry: Vessel Depreciation & Compliance
1. Scenario: A shipping company owns a vessel with a purchase cost of $50M, subject to
straight-line depreciation over 20 years.
2. Data Entry:
- Fixed Asset: 'Cargo Vessel - Atlantic Fleet'
- Cost Balance: $50,000,000
- Accumulated Depreciation: $10,000,000 (after 4 years)
- Net Book Value: $40,000,000
- General Ledger Balance: $40,000,000
3. Reconciliation:
- Data is loaded into Oracle ARCS.
- If depreciation adjustments from IMO regulations apply, flagged for compliance.
- If no variance detected, auto-certified.
Industry-Specific Considerations
Telecommunications
- Fiber Optic Networks: Assets related to fiber deployments should include capitalization
and amortization schedules.
- 5G Infrastructure: Track tower leases, radio access networks (RAN), and regulatory asset
reporting.
- Regulatory Compliance: Ensure compliance with spectrum licensing agreements and
depreciation rules for telecom equipment.
Shipping
- Vessel Depreciation Methods: Use industry-standard methods such as Straight-Line
Depreciation or Units of Production based on operational hours.
- International Shipping Regulations: Ensure assets comply with International Maritime
Organization (IMO) regulations and environmental compliance.
- Fleet Management Integration: Automate asset tracking with fleet management systems to
account for vessel maintenance, repairs, and retirements.
Conclusion
Following these steps ensures smooth integration and reconciliation of Fixed Assets in
Oracle ARCS for Telecommunications and Shipping industries. Automating data loads and
reconciliation rules reduces manual effort and improves accuracy while ensuring
compliance with industry regulations.
