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Does Oracle Fusion Cloud Fixed Assets currently support FAS143 - Asset Retirement Obligations?

in Assets 2 comments

Summary:

Does Oracle Fusion Cloud Fixed Assets have a functionality that helps manage Asset Retirement Obligations?

Content (required):

Does Oracle Fusion Cloud Fixed Assets support FAS143 - Asset Retirement Obligations? If this functionality is not currently in Oracle Fusion Cloud Fixed Assets, is it planned for a future release?

Otherwise, what workaround can we do? We would like to be able to:

  • Record an ARO
  • Periodically readjust the cost of ARO based on rates.
  • Record the Accretion Expense.

Thanks in advance.

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