Belgian GAAP Support in Oracle Fusion Assets (Revaluation & Impairment)

Currently there is a limitation wrt correct accounting in Oracle Fusion Assets, where revaluation and impairment functionality does not support Belgian GAAP.

This creates a gap for customers that need to comply with Belgian statutory accounting requirements. Belgian GAAP has specific rules for asset valuation and impairment that differ from IFRS, and without system support, customers are unable to fully rely on Oracle for correct statutory accounting entries. As a result, they must create manual journal entries and maintain external controls, which increases effort and complexity.

This leads to additional operational workload, especially for organizations with a large number of assets, as revaluation and impairment calculations must be monitored and processed outside the system. It also increases the risk of inconsistencies and makes audits more difficult due to reduced system-based traceability.