Accounting & Reconciliation
Discussion List
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Can the depreciation expense account be changed on an existing asset?Summary: We have moved to new set of cost centres and hence we have disabled the combinations with old cost centres. How can i easily manage the existing assets? Since t… -
Asset accounting in Tax Book is happening despite 'Post to Ledger' option checkbox is uncheckedSummary: In the Tax Asset Book, Post to Ledger option is unchecked since there is no requirement for accounting in Tax Asset Book. However, I can see that accounting is …
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What is Recoverable Cost in the asset inquiry window?Summary: Content (required): What is the Recoverable Cost in the asset inquiry window? Is it the same as current cost or is there any purpose or way the Recoverable Cost… -
What depreciation method to be used for Reducing Balance Method - Asset DepreciationSummary: Content (required): What method is to be used if the requirement of depreciation is reducing balance method? The depreciation calculation should be on the NBV. …
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re-opening a periodSummary: re-opening a period Content (required): hi, is it possible to reopen a period closed in FA? maybe generating a concurrent? thanks Version (include the version y…
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Fixed Assets - Asset Balances Real Time: Balancing Segment Changes on Opening Balance/Beginning BalaContent Fixed Assets - Asset Balances Real Time: Balancing Segment Changes on Opening Balance/Beginning Balance The Asset Balances Real Time subject area switches Balanc…
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Can we amortize the impairment reserve over the remaining useful life of the asset?Summary: We have a requirement from client from France to amortize impairment reserve over the remaining useful life of the asset without changing the original depreciat…
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Entering cost in Payables Cost column in ADFDI sheet to override asset cost clearing accountSummary: Is there any other financial or system impact when recording cost and in cost and payable cost columns both Content (required): In order to override the clearin…
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How can we setup a notification in Oracle Fusion for assets received but not tagged within a weekSummary: is there a way to find out assets received but not tagged within a week Content (required): Version (include the version you are using, if applicable): Code Sni…
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How to capture GST Input Tax Credit in Fixed Asset purchaseSummary Requirement is to capture the GST Input tax credit on Fixed asset purchaseContent Hi We have a requirement in India Localization to take GST Input tax credit on … -
How to calculate depreciation as per Diminishing value method in Australia for Tax Asset BookSummary: How to calculate depreciation as per diminishing value method in Australia for Tax Asset Book Content (required): As per straight line - If Asset cost is $80000…
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Accounting entries for partial retirementSummary: Currently for partial unit retirements, the entire cost is credited and then the new cost is debited. Is there a way to only credit the retirement amount on one…
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Asset clearing to General ledger reconciliationSummary: Currently we are having issues to reconcile the historical transactions on the asset clearing accounts (every account in the ledger which has either the text st…
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Incorrect Asset addition accountingSummary: Hello experts, Asset additions "Cost Clearing" Credit booking has picked up "Conversion Account" while the Subledger Journal Entry Rule Set is actually mapped t…SHAN - Fusion PPM Consultant 1 view 3 comments 0 points Most recent by SHAN - Fusion PPM Consultant Assets -
Create Account Assets- Missed running create Accounting for AssetsSummary: Dear Experts, We run create accounting Manually , FA user has missed running created accounting for one of the books and periods was closed . Ex Jan Period Clos…
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Inactive Date on Fixed Asset BookSummary: Due to tax issues we had to create a new legal entity and business unit for one of our groups and move the existing BU to the new legal entity and business unit…
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Issue with Fixed assets period closureSummary: When business tried to close Jan-22 Fixed Assets period, the period has gone into "Partially Closed" status. What could be the reason for this. And how to put t…SHAN - Fusion PPM Consultant 2 views 4 comments 0 points Most recent by SHAN - Fusion PPM Consultant Assets
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How to update already final accounted Addition Cost clearing account entry against multiple assets ?Summary: SLA was configured to book "Conversion Account" for Addition, Cost Clearing event. Before the SLA setup was updated to the correct mapping of "Category Cost Acc…SHAN - Fusion PPM Consultant 21 views 4 comments 0 points Most recent by Mirela Tomoiu-Oracle Assets
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Create Mass Addition is Creating extra lineSummary: Dear Experts, I have couple of question regarding with mass addition process when we create Assets from Payables to asset cycle. Create Mass addition process is…
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Mass Additions exceptions stopping FA period to be closedSummary: 7 Mass additions have failed to create assets with the error message: You must assign the balancing segment value to the ledger or use a balancing segment value…
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Is Asset Retirement Obligations (ARO) expected on the ERP Cloud future releases?Summary:Is Asset Retirement Obligations (ARO) expected on the ERP Cloud future releases? Content (required): Version (include the version you are using, if applicable): …
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Asset retirement accounting entriesSummary Retirement Gain or Loss accounts not showing on the correct sideContent Hi everyone, I have a query re the accounting entry for asset retirements. This is a samp…
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Create Accounting (Assets) ending up in warningSummary: Create Accounting for Assets ending up in warning Content (required): I am getting the following error: The Create Accounting process ended in an error because …
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How to add a new field/column on Asset Adjustments pageWe wish to have an additional field to show "Original Cost" on Asset Adjustments page so that users can always have a reference to original cost while doing adjustments … -
Asset Lease Extendable term accountingSummary: Dear Experts , We want to setup lease is for 10 years with a break option at year 5. Under IFRS16 guidance we interpret that we only show the non-cancellable te…
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Depreciation Account is defaulting value from the Asset BookSummary Depreciation Account is defaulting value from the Asset BookContent We have 2 business unit (BU1 and BU2) and one corporate asset (BU1) book. We we are procuring… -
Bulk Initial Upload/Update Revaluation Accounts in Asset Category CombinationsSummary: Need to upload the revaluation accounts when setting up category combinations in the Fixed Assets configurations. Content (required): Hi, My requirement is to u…
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Override Account functionality does not exist in Fixed Assets?Summary: Override Account absent in FA - is this intended? Content (required): We are looking for the Override account functionality as some of the hardcoded accounts by… -
Depreciation calculation after useful life time adjustmentSummary: How to make the depreciation to start calculating based on the netbook value when useful life is change Content (required): Currently, the depreciation method u…
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Is there a way to account for sale of fixed asset in AR?Summary: I have a client currently coming onto cloud from EBS and they are asking if Oracle has the functionality to account for the sale of a fixed assets in AR? (As in…