Tax Book
Discussion List
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Can we skip a period from copying in tax bookHi All, we have migrated the assets as on Jan-24. We haven't copied anything to tax book yet. Now, we don't want to copy the migrated assets to tax book, we want to copy… -
Requirement for Deferred Tax Calculation Due to Depreciation MethodSummary: Requirement for Deferred Tax Calculation Due to Depreciation Method Content (please ensure you mask any confidential information): Hello Team, In our Project, t…
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Different asset accounting method for VAS and IFRS for leases. Do we need Lease Accounting for thisSummary: We use the same accounting method for these two ledgers, and we would like to know if we can have a different accounting treatment for leases. So, for Ledger A …
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Can you retire an asset in the same period as an adjustment that changes the depreciation method?Can you retire an asset in the same period you have an adjustment that changes the depreciation method?
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How to leverage Oracle asset tax book for filing IRS form 4562 and 4797Summary: Does anyone leverage Oracle tax book to accurately compile data for filing IRS forms 4562 and 4797, aligning asset records and transaction details in accordance…
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How does Oracle incorporate annual tax updates, such as the Tax Cuts and Jobs Act?How does Oracle manage annual tax updates, such as those from the Tax Cuts and Jobs Act? These updates typically encompass changes to tax rates, regulations, and calcula…
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How to create a tax book (secundary) with a dfferent currency from primary ledger?Summary: We need to generate a conversion from the corporate book in fixed asset to a tax book with a different currency. Content (please ensure you mask any confidentia…
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Can you adjust the year in service date for an asset in the tax book only?Summary: We have a handful of assets that were entered in 2023 with a date of service of December 2022. Oracle is using the depreciation rules for 2022 to calculate depr…Anne Frampton-Nguyen 11 views 2 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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How do we fix Depreciation Reserve on individual assets?Summary: We have a few assets that were flagged to depreciate in our tax book in error for several years. The depreciation flag has been removed, but depreciation reserv…
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Asset Approval for Tax bookSummary: We have enabled Asset approval feature for Corp book. Can we enable this for asset addition on Tax book too from corporate to Tax book or by direct upload with … -
How to configure for Section 179Summary: Hi, We have a requirement to do Tax depreciation for Section 179 in US where we have to put a depreciation ceiling on a group of asset categories (mainly Tangib…
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Customer wants to load the tax assets in USD by FBDI in the FA_MASS_ADDITIONS and FA_MC_MASS_RATESummary: The user have corporate Book associate a primary ledger of GL in MXN currency. Have a Tax book associate a secondary ledger of GL in USD currency. The client wa…
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Tax Book Direct Asset CreationSummary creating assets directly in TAXContent Hi, Post a merger and acquisition, my customer would like to load a set of assets directly to their existing TAX book. The…
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Receiving an error when doing a transfer in spreadsheet (TAX BOOK)I am working with the tax team on loading transfers in mass via spreadsheet. I am able to do it within the Corporate book, but for some reason I cannot get it to work wi…
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Brazilian Tax Reform - Oracle Cloud ImpactsSummary: Brazilian Tax Reform - Oracle Cloud Impacts Content (please ensure you mask any confidential information): Brazil is implementing a huge tax reform over consump…
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Is there a standard solution for calculating taxes related to CIAP for fixed assets in Brazil?Summary: In Brazil, there is CIAP, where the Brazilian tax authorities grant taxpaying companies the right to ICMS credits related to the acquisition of fixed assets (CI…
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Exchange Rate Setup for Asset Mass CopySummary: What do Oracle FA customers do when they convert their assets and their tax book ( Linked to Secondary Ledger) is a different currency than their corporate book…
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Process to run after creating the tax asset bookHello, the client has created a corporate book many year ago and the current date is this month. Now, he wants to create a new tax asset book to see the depreciation in … -
Depreciation Digressive method for Local Poland Tax BookSummary: Polish Finance Team requested additional Depreciation method for Polish Local TAX Asset Book. For some categories need to run Special Digressive method: In degr…
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How to configure Tax Depreciation for Section 174Summary: Hi, We have a requirement to do Tax depreciation under section 174 in Tax Book where we have to depreciate CIP assets in Tax book until assets are capitalized i…
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Need to understand the tax book migration balances to be taken while migrating assets to tax bookSummary: we are in process to migrate assets to tax book. We have taken the cut-off date of migration as 31-Aug-24. Migrated Trial balance also as of 31-Aug-24. Tax book…saketjain 21 views 5 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Depreciation Reserve is showing in negative after member asset retiered from tax bookSummary: In tax book, If one member asset is getting retiered depreciation reserve is going in negative for group asset. Which is wrong/ incorrect as per business. Conte…
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Fixed Asset Incomplete Additions Tile - Last Updated FieldWe have a tax asset analyst who ONLY has access to the tax asset books. We have found that although she only has access to the tax asset book, her name is showing within…
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Can we stop initial mass copy to tax booksHi all, we have migrated the assets as on Jan-24. We haven't copied anything to tax book yet. Now, we don't want to copy the migrated assets to tax book, we want to copy…
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Updating Depreciation Flag and Methods on Asset CategoriesSummary: Trying to do a bulk update of depreciation flags and Methods on asset categories using Update/Upload Asset Configurations in spreadsheet. I'm pretty much downlo… -
FA tax book accountingSummary: Hello, We have two fa books : primary (corp book) and secondary book (tax book linked with primary book). Both FA books are assigned to same GL Ledger and accou…
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Asset Additions for a past in service date - Oracle Fusion CloudSummary: Is it possible to add assets (not update/transfer/retire) as they haven't even been added yet) for a previous fiscal year and have the depreciation set for that…
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Is it possible to create an FA Asset book linked to Reporting Ledger ?Summary: Is it possible to create an FA Asset book linked to Reporting Ledger ? Content (please ensure you mask any confidential information): Version (include the versi…
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DPIS changes are not copied to tax bookSummary: I changed the DPIS for an asset which had been already copied to a tax book. The DPIS adjustment did not copy to the tax book. The mass copy process shows the f…
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ORA-24550 error when calculating depreciationSummary: We are in the final month of our fiscal year and we are receiving an error when we are attempting to calculate depreciation. Below is an excerpt from our error …