Tax Book
Discussion List
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Is it suggestable to create a tax bk with yearly depreciation where as follow Monly Dep in Corp bk?We have a requirement where an asset must follow the monthly depreciation calendar in corporate book and yearly depreciation in Tax Book. We did a POC and find it is fea…PL Karthick Ramanathan 17 views 1 comment 0 points Most recent by Shawna Green-Support-Oracle Assets -
Has anyone found anything on creating "MACRS STL 80B MM" for 39 years?Summary: I wasn't able to locate any information on this depreciation method setup. Was wondering if anyone else has come across this and needed to manually configure it…
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How to incorporate depreciation buckets in assetWe need to establish a tax book for the UK, incorporating depreciation "buckets" determined by the net book value of each bucket. For example, as of 12/31/21, the net ta…
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General Depreciation System using Straight Line methodSummary: We have a requirement to use General Depreciation System using Straight Line method for tax books where in the Depreciation method provides for equal yearly ded…
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Possibility of using different convention methods for tax books and Corporate BookSummary: Hi, We have a requirement to use different convention methods say Month convention for Corporate Books and Half year convention for tax books. We have setup the…
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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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How to copy retirement convention to tax book?Summary: When a retirement transaction is copied from the corporate book into the tax book the retirement convention is not copied, instead the tax book uses the default…
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Functionality to filter out only specific Assets based on the B/S values using Periodic mass copySummary: Tax book : Functionality to filter out only specific Assets based on the B/S values using Periodic mass copy Content (required): We have 52 Legal Entities and 5…
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Mapping for Oracle-seeded depreciation methods with MA100/150/200, MF100/150/200 from Sage?Summary: Do we have Oracle seeded depreciation methods defined for Sage depreciation methods MA100/150/200, MF100/150/200? Content (required): Our client was using Sage … -
There is no impact on 80% Bonus depreciation as per note 2860300.1Summary: I have configured and implemented the package as per the note 2860300.1 and it was successful. But i could not see the depreciation methods. Content (required):…
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what is the impact of this privilege "Manage Fixed Asset Financial Transactions"?Summary: could you please let me know the impact of this privilege at transection level and task level. Content (required): Version (include the version you are using, i…
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Bonus Depreciation calculations based on NBVSummary: Has anyone managed to calculate Bonus Depreciation based on NBV? Additionally, I want Bonus Depreciation to ignore the Prorate Convention. Are there any functio…
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How to define 200DB depreciation method for 39 and 31.5 years asset life?Summary: 200DB depreciation method is missing for life of years 39 and 31.5 Content (required): How to define 200DB depreciation method for 39 and 31.5 years asset life?…
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DFF details entered in FBDI but its not showing after post mass additionsSummary: DFF details entered in FBDI but its not showing after post mass additions in tax book Content (required) Defined fixed assets DFF - FA_ADDITIONS AND FA_TRANSACT…
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Can we Stop or Avoid Specific or Few Assets not to copy (Mass Copy Transactions) into Tax BookSummary: Is there a way to Stop or Avoid Specific or Few Assets not to copy (Mass Copy Transactions) into Tax Book Content (required): Hi All, Can we Stop or Avoid Speci…
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More detailed instructions for importing new Depreciation MethodSummary: Hi, I am needing to import the new depreciation methods for the new tax rules and I found the following DOC on MOS. MACRS 80% and 60% Bonus Half-Year & Mid-Quar… -
To understand complexities of the (German) Tax Book catch up in FusionSummary: We have the following secondary Fixed Asset book (WHR DE TAX M) linked to the WHR DE CORP book . However, The current period for the asset book is P12 – 19-20 a…
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How to have Tax Book only post to the secondary ledger?Summary: Content (required): Hello, I have a requirement to create a Tax book for which the posting are only to the secondary ledger. This Tax book would be used to trac…
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LACLS Mexico Solution for Fixed AssetsSummary: We are implementing the PaaS solution provided by Oracle as part of LACLS Mexico Solution. Need some clarification on the below points. 1) Will this solution wo…
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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… -
Why Unit retirement is not allowed for Tax book while Cost retirement is allowed for tax books?Summary: As standard functionality, Unit retirement is not allowed for Tax book while Cost retirement is allowed for tax books. What is the rationale behind this? Conten…
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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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Do we have any document which shows Holding company specific setups on Asset cloud module?Summary: What all setups or process are required for Asset Management on Oracle Cloud ALM module, if client is a Holding Company. Content (required): For a Holding compa…
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Depreciation issueHello, we are facing an issue in FA. we added an asset for 9 years, without depreciation in the first place. Then we adjust it to depreciate after 7 months. the problem … -
Directions for all steps needed to setup a tax book, including setup of secondary ledger if requiredSummary: I'm looking for the details on all the steps related to setting up a tax book. I can setup the book itself but I am not sure if a secondary ledger is required f…
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After importing asset via fbdi, there is difference between corporate book and tax bookSummary: After importing asset via fbdi, there is difference between corporate book and tax book Content (required): Dear all, please find the following : after importin… -
Tax Assets DepreciationSummary: We have created a new asset category. The assets are to be bought in and entered into the corporate asset book and depreciation is to be started from the acquis…
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Expense Assets don't get postedSummary: Expense Assets don't get posted. Content (required): I can successfully add an Expense Asset to the system when there is no Tax book involved but when I try to … -
Can you copy assets in new asset tax book excluding costs and depreciation reserve?Summary: Is there a way to only copy the assets informations to new asset tax book excluding costs and depreciation reserve? After copying, the costs will be manually up…
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How to have 80% of Bonus in the first PERIOD (and not FISCAL YEAR) for an Asset?Summary: Hello friends! The goal is to have 80% of bonus when the asset is added in a specific period and the other 20% to follow the depreciation method associated to t…