Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

Is it possible to modify the calculation for the the initial present value in asset leases (ARO)?

in Assets 1 comment

Content (required):

Hello,

I used the provided documentation Suggested Implementation of Oracle Fusion Assets for FAS 143 Adoption (Doc ID 2862179.1) for my configuration for asset retirement obligations.

I would like to have guidance on the best approach to do the migration of existing asset retirement obligations and details on the initial present value calculation of the liability. I'm looking to migrate the data with their remaining life. However, I encounter a difference in the initial present value for the liability in Oracle versus the business' initial present value for the liability. See this example:

The amount difference is coming from the calculation method:

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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