You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to accomodate Asset Retirement Obligations as per GASB 83 in Oracle

Received Response
52
Views
1
Comments
in Assets 1 comment

Summary:

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 corresponding accounting entries within Oracle FA.

Content (required):

If we setup an asset with an Asset Retirement Obligation(in DFF), and this asset would have a cost of removal, how do we setup SLA to recognize the liability in a periodic/multi-periodic manner.

Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!