Accounting & Reconciliation
Discussion List
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Catch up depreciaton posted for retired assetSummary: Why is catch-up depreciation calculated to the asset as Accumulated Depreciation? Content (required): Catch-up depreciation is calculated to the asset as Accumu… -
How to create a custom job for create accounting for assets?Summary: Need to create a custom job for Create accounting for assets Content (required): To submit create accounting for all available asset books using a single job se… -
Changes of Accounts column in Asset Cost and Reserve ReportSummary: In Asset Cost and Reserve Report (standard report) in Oracle Fusion Assets, we want to understand the calculation logic behind the "Changes of Accounts" column.…
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can we derive the depreciation account based on location segments selectionSummary: Can we derive the depreciation account based on location segment selection Content (required): can we derive the depreciation account based on location segment …
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How does prorate convention daily work with monthly depreciation calendar?Summary: How does the prorate for depreciation works in Oracle? Content (required): Prorate calendar= Daily Depreciation Calendar = Monthly 1.) Capitalised $66,666 with … -
Asset Control AccountIs it possible to limit what modules can post to an asset control account. I want for only FA to post to a specific account.
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REINSTATEMENT ACCOUNTING NOT WORKING (proceeds of sales clearing accounting issue)Summary: Proceeds of sales clearing account generated successfully in retirement has not been reversed when reinstating the asset. Status of reinstatement is also shown … -
Incorrect journal category for a subledger journal from payablesSummary: Incorrect journal category for a subledger journal from payables. Content (required): Incorrect journal category for a subledger journal from payables. The cate…
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How to derive Cost Center segment based on Purchase requester in Depreciation expense account in FA.Summary: Client would like to auto populate the Cost Center based on Purchase requester from AP invoice lines in FA which they are doing manually right now. The charge a…
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Asset Retirement accounting error in Tax book('The auxiliary ledger entry does nt match the Ent cur)Summary: We see a issue where for Asset retirement accounting entries are correctly generated in corporate book but they are in error in for Tax book. This is happening …
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Asset created by mistakeClient reached out because there was an asset that was created by mistake. In the process, they retired the asset and are now trying to reinstate it so it can be deleted… -
How to write SLA to change the cost center for depreciation adjustment entriesSummary: We have some assets DPIS in last closed period and when we run the depreciation we found the depreciation adjustment entries are coding to default cost center i…
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Is there a way to prevent Accounting for the tax book after I copied assets from corporate booksSummary: The purpose of my tax book is for reporting purposes only. Should not affect my journal entries for accourning/GL Content (required): In assets module, I have c…
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Extract Asset Reporting Data process for tasks from Assets workarea and from Scheduled ProcessesSummary: Auto Submit process "Extract Asset Reporting Data" for tasks from Assets workarea and from Scheduled Processes ESS jobs. Content (required): On following note E…
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How to collate audit requirements under a single report/placeSummary: Business requires a report for audit purpose which can incorporate these 5 points: PO details Invoice details Invoice & PO prints Approvals at each level (PO, A…
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Need Mass Accounting Override for 300 assets. Is this possible?Summary: We have found out that there are 300 assets being accounted in the wrong department & location since Jan-2023 period. These assets were then transferred in Jun-…
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Incorrect Asset Life through FBDIWe are converting assets from EBS to Cloud using FBDI; assets life is getting incorrectly setting to 40 years instead of taking it from the FBDI
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Asset Lease- The Generate Lease Payment Invoice ProgramSummary Program erroring outContent Hi, The Generate Lease Payment Invoices program is erroring out. There is no parameter available in the Report to run also. Accountin…
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How to accomodate Asset Retirement Obligations as per GASB 83 in OracleSummary: 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 corre…
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Creating Asset Cost Summary Report in OTBISummary: Creating Asset Cost Summary Report in OTBI Content (required): I created "Asset Cost Summary Report" in OTBI, however, I am not getting back the balances as the…
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Can you import from Purchasing to Assets using Create Mass Additions?If accounting for the item when it is received rather than when the invoice is processed, can you use 'Create Mass Additions' to import the data from purchasing into FA …
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Assets Subledger Accounting Rules to use different GL accounts for Prior Year transactionsSummary: Content (required): We have a business requirement to Dr. and Cr. different GL accounts during Assets Additions for Project assets placed in service in "Year 2"…
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Asset Workbench-depreciable BasisSummary: What does depreciable basis field mean in asset workbench Content (required): For some assets the value of depreciable basis is equal to asset cost and for some…
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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…
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NBV Retired account ruleSummary: Is it possible to have a rule that when the Depreciation Account of the Asset is invalid, the generated NBV Retried account upon Retirement will pull the Deprec…
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Newly capitalized asset impaired calculates depreciation.Summary: Content (required): A newly capitalized asset with no depreciation is depreciated for the month of impairment. Version (include the version you are using, if ap…
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What is the purpose of the Include User Transaction Identifiers parameter in FA Create Accounting?Summary: What is the purpose of the Include User Transaction Identifiers parameter in FA Create Accounting? Content (required): I have gone through Support notes 1501617…
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Required to stop revaluation reserve amortization calculated to the Revaluation Amortization accountSummary: Content (required): The scenario is that the revaluation amortization is not done for the specific category of Investment Properties. Therefore entries should n…
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Category Change for Asset Using Wrong Account Combination in Create AccountingSummary: We successfully changed the asset category for 3 assets and posted the adjustment. However, when we submitted Create Accounting, the journal entries are trying …
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Cannot change revaluation reserve account using configuration packagesSummary: Content (required): There is a need to change the revaluation reserve account and we have tried through configuration packages. The process ends successfully bu…