Search Results fa_mc_books_summary and direct joins




The FA_MC_BOOKS_SUMMARY table in Oracle E-Business Suite (EBS) 12.1.1 and 12.2.2 is a critical repository for multi-currency asset book summary information within the Fixed Assets module. This table stores aggregated financial data related to assets, enabling organizations to manage and report on fixed assets across multiple currencies, which is essential for global enterprises operating in diverse economic environments. Below is a detailed analysis of its structure, purpose, and integration within Oracle EBS.

Purpose and Functional Overview

The FA_MC_BOOKS_SUMMARY table is designed to support multi-currency functionality in Oracle Fixed Assets. It acts as a summary table, consolidating key financial metrics such as cost, depreciation, and accumulated depreciation for assets denominated in foreign currencies. This table works in conjunction with FA_BOOKS_SUMMARY (which stores single-currency data) and is populated during asset transactions, depreciation runs, and currency conversion processes. Its primary role is to ensure accurate financial reporting and compliance with accounting standards like IFRS or GAAP when assets are held or transacted in multiple currencies.

Key Columns and Data Structure

The table includes columns such as:
  • ASSET_ID: Unique identifier for the asset.
  • BOOK_TYPE_CODE: Specifies the asset book (e.g., CORPORATE, TAX).
  • CURRENCY_CODE: The currency in which the asset values are recorded (e.g., USD, EUR).
  • COST: Original cost of the asset in the specified currency.
  • DEPRN_RESERVE: Total accumulated depreciation.
  • REVAL_RESERVE: Reserve from revaluation activities.
  • PERIOD_COUNTER: Tracks accounting periods for depreciation calculations.
These columns enable the system to maintain parallel records for each asset in different currencies, ensuring consistency during financial reconciliation and reporting.

Integration with Oracle EBS Modules

FA_MC_BOOKS_SUMMARY integrates with:
  • General Ledger (GL): Asset values are transferred to GL for financial reporting.
  • Subledger Accounting (SLA): Ensures compliance with accounting rules during journal entry generation.
  • Currency Conversion Modules: Uses daily or periodic exchange rates to convert asset values between functional and reporting currencies.
This integration ensures that asset data aligns with broader financial processes, such as period-end close and audit trails.

Business Process Context

During asset acquisition, depreciation, or retirement, Oracle Fixed Assets updates FA_MC_BOOKS_SUMMARY to reflect changes in both functional and reporting currencies. For example:
  • When an asset is purchased in EUR but reported in USD, the system records cost and depreciation in both currencies.
  • During month-end close, depreciation journals are generated based on summarized data from this table.

Technical Considerations

The table is indexed on ASSET_ID, BOOK_TYPE_CODE, and CURRENCY_CODE to optimize query performance. Custom reports or extensions often join this table with FA_ASSETS or FA_DEPRN_DETAIL for detailed asset analytics. In EBS 12.2.2, Oracle’s Online Patching (ADOP) ensures minimal downtime during table updates.

Conclusion

FA_MC_BOOKS_SUMMARY is a cornerstone of multi-currency asset management in Oracle EBS, providing the granularity and flexibility needed for global financial operations. Its design supports accurate reporting, regulatory compliance, and seamless integration with other EBS modules, making it indispensable for organizations with international asset portfolios.