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Assets
Discussion List
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Expensing an Asset in the same year as DPIS under Section 179 of IRCSummary: As part of Section 179 of IRC we can write off the asset in the same year it was placed in service to the extent of 1080000 $. Content (required): We are lookin… -
Tax Assets DepreciationSummary: We have created a new asset category. The assets are to be bought in and entered into the corporate asset book and depreciation is to be started from the acquis…
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Physical life vs asset lifeIs there a spot to store the physical useful life of an asset separate from the life setup on the Asset Category? This would be for reporting purposes. -
Mass additons - Deduce Asset categorySummary: Is there any setup to deduce asset category in mass addition ? Content (required): Currently, we have a lot of categories (>200) and only 5 clearing accounts . …
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Asset Lease- The Generate Lease Payment Invoice ProgramSummary Program erroring outContent Hi, The Generate Lease Payment Invoices program is erroring out. There is no parameter available in the Report to run also. Accountin…
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Depreciation calculation on an impaired assetWe impaired an asset in P1, and ran depreciation - the depreciation was calculated on the pre impaired value. In P2, the depreciation was lower by the impaired amount ov…
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How to accomodate Asset Retirement Obligations as per GASB 83 in OracleSummary: Business has a requirement to set up certain assets with an Asset Retirement Obligation (ARO) as per GASB 83. We need to know how to accomodate it and the corre…
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Expense Assets don't get postedSummary: Expense Assets don't get posted. Content (required): I can successfully add an Expense Asset to the system when there is no Tax book involved but when I try to … -
Disable the possibility to change the asset number generatedSummary: Our customer would like to have a unique sequence in the asset number field. Is it possible to disable the possibility to update the asset number field when cre…
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Is there any system function to move a lease from one asset book to another asset book?Summary: The lease was recorded one asset book needs to be moved to the newly created asset book designated for this specific BU. Content (required): How do we move the …
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Can you copy assets in new asset tax book excluding costs and depreciation reserve?Summary: Is there a way to only copy the assets informations to new asset tax book excluding costs and depreciation reserve? After copying, the costs will be manually up…
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Creating Asset Cost Summary Report in OTBISummary: Creating Asset Cost Summary Report in OTBI Content (required): I created "Asset Cost Summary Report" in OTBI, however, I am not getting back the balances as the…
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Standard Oracle depreciation report.Summary: Hi All, Thank you in advance for your help and time. I am just wondering if there is a standard Depreciation report that we can use in the Asset module (Oracle …
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The units in FA_ASSET_HISTORY and FA_DISTRIBUTION_HISTORY are different.Summary: We have the two below transfers which fails with the above error. One has got a changed employee and the other transfer has got a new location. Submit has been …
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How to set depreciation 20% for the first year, then 10% for the next yearSummary: set the depreciation for asset, 20% for the first year, then 10% for the next year Content (required): Hi, I am new to the module, please advise how can we set … -
What is the full name of the double declining balance method in fusion?Summary: What is the full name of the double declining balance method in fusion? Content (required): The full name of double declining balance method in fusion, the proc…
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Assigning Lease to Tax BookSummary: Hello, I want my leases to be in the tax book ONLY. Can anyone help me out with a detailed action plan to record leases in Tax book only and not Corporate book.…
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Is there a seeded depreciation method which will depreciate as per 50-30-20% rule?Summary: We have a requirement where the assets should be depreciated 50% in the first year (Regardless of the DPIS) and 30% in the second year and 20% in the 3rd year. …
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Implementation GuideSummary: Implementation Guide - Oracle Assets Cloud REST Operations for Assets Content (required): Is there an updated Implementation Guide- Oracle Assets Cloud REST Ope… -
How to update asset description in fusionSummary: We wanted to update the Asset description for existing assets in Oracle Fusion. Content (required): We tried to find out if any option available for the same bu…
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Associating Secondary Ledger with Asset bookSummary: Hello, I have a requirement where I want to view my leased assets in Secondary Ledger but not on Primary Ledger. I've considered creating a tax book specificall…
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Fixed asset conversion - how to match NBV amounts with the source?Summary: FA conversion - NBV amounts don't match with the source files Content (required): Steps followed: 1- converted assets 2- run "calculate depreciation" 3- extract…
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Is it possible to add DFF at Asset Page next to the serial number ?Summary: Is it possible to add DFF at Asset Page next to the serial number ? Content (required): We are trying to figure out if there is a way to add a DFF at asset page…
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Is it possible to extract data from 2 subject areas from different module in OTBI analysis?Summary: Trying to create an analysis based on data in 2 different subject areas Fixed Assets - Asset Transactions Real Time subject area( FA module), and Project Costin…
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Self-service Asset Permit or Gate Pass to move out from business premises.Summary: We have a business requirement to track or verify assets while moving out of campus. For example 1. If Employee wanted to take his official laptop to home for o…
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True Depreciation Reserve Account Type vs. Depreciation Reserve Account Type in OTBI Fixed Assets BaSummary True Depreciation Reserve Account Type vs. Depreciation Reserve Account Type in OTBI Fixed Assets Balances Subject AreaContent Hi, Does anyone know the differenc…
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How to delete assets categories assigned to the asset's book in bulkSummary: We have almost 300+ assets category uploaded incorrectly and assigned to the asset's book We want to delete this assigned to the asset's book to delete all afte…
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Historical Depreciation & Total Accumulated Depreciation from Depreciation Real time Subject areaSummary: I am trying to calculated the Historical Depreciation & Total Accumulated Depreciation from " Fixed Assets - Depreciation Real Time" subject area. There seem to…
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What is best approach ( Practice) for Fixed Asset MigrationSummary: The business requirement to load the Asset up to 31-Dec-2022, from Jan- 23 to Jun-23 requested movements like Additions, retirements, reinstates, transfers, Adj…
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How can I see the daily depreciation amount calculated by the system for a particular asset?Our prorate calendar is set to Daily. I want to see the each day by day amount calculated by the system for a particular asset. Is there any UI, report or OTBI available…