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Aviation industry Fixed assets requirements

in Assets 4 comments

Hi Colleagues,

In the aviation industry, particularly concerning fixed assets, there are specific requirements set by IATA (International Air Transport Association). We seek your expertise in addressing the following scenarios within the Oracle FA Cloud Module:

1- For helicopters, certain parts have an initial value of $100,000 and a useful life of 5 years. At the end of this period, maintenance is performed that restores the part's value to $100,000 and extends its useful life by another 5 years. As stated by the client's Finance Manager, "We essentially do not retire these items, and they remain functional continuously." How can we implement this scenario using the Oracle FA Cloud Module?

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