Tax Book
Discussion List
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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… -
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… -
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… -
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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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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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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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…
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Feature/Report how To Determine if the Mid-Quarter (MACRS MQ) Convention applies to assets.Summary: Depreciation for Federal Income Tax purposes in the U.S. requires that corporations determine the percentage of their assets that were acquired in the last quar…
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Need to add assets in the USD Corporate book with the NON-STAT categoryWe are trying to Add assets in the USD Corporate book with the NON-STAT category, after adding asset we are doing reclassification and the category has been changed to t…
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Mass Copy process running in errorSummary: Mass Copy process running in error due to asset transactions in closed period Content (required): Mass copy process is running in error. System has FA period of…
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Can we copy assets to tax book based on entity valuesSummary: Requirement to do periodic copy of only insurance related entities Assets to Tax (STATUTORY) asset book. Content (required): We have a requirement to do periodi…
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How to stop gain/loss calculations at retirement, by category?Summary: Within our tax books we flag certain asset categories as Not Depreciable; therefore when they are disposed, the full acquisition value of these assets is shown …
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Unable to extract information of asset distribution for Tax BookSummary: Unable to extract information of asset distribution for Tax Book Content (required): Hi, As part of data migration, we are trying to extract asset data for Corp…
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Tax Book having a different currency than Primary LedgerSummary: Tax Book is assigned to Secondary Ledger for which Currency is MYR , whereas the Primary Ledger currency is USD. Not able to Add assets directly in Tax Book eit…
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Error: You can't adjust the asset because it wasn't added to this tax bookSummary: The periodic mass copy ends in error with "You can't adjust the asset because it wasn't added to this tax book". But the assets mentioned in the log and output …