Asset Data conversion - Prior Period Depreciations
Hello Colleagues,
We are in the process of converting our assets from Legacy to Oracle Fusion Fixed Assets using the FBDI template, I've questions regarding accumulated depreciations
and transaction date.
- When we convert assets that have accumulated depreciation balances, I was under the impression that the accumulated depreciation amount will be visible under the depreciation tab as prior period depreciation or as a depreciation adjustment, however, I don’t see this reflected in our converted data ( please see attached)
- I've noticed that the transaction date is defaulting to the asset's in-service date rather than the conversion date. Is this typical?
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