Depreciation/What-If
Discussion List
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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… -
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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Create Accounting Has to Be Run Multiple times at Month EndSummary: We have a asset accountant who has to run create accounting multiple times at month end in Final Mode. Content (please ensure you mask any confidential informat…Robert G Wilkinson 61 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Accumulated depreciation reserveSummary: Asset category depreciation reserve account was configured with wrong account( Cost account). Depreciation accounting ran for Sep-24 and depreciation reserve go…
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Depreciation Amounts to each variationSummary: Assistance Required for Understanding Depreciation Calculations Content (please ensure you mask any confidential information): Hello, I need assistance to under… -
Uncapitalize an asset from the prior periodSummary: Content (please ensure you mask any confidential information): Asset #900201 - Was incorrectly capitalized in 2021. This piece of equipment has never been used …
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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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Asset Number Doesn't Match Asset Referenced in Line Desc. of Subledger JournalSummary: Hello - We have two examples of assets that are referencing the wrong asset in the subledger journal line description. In the example below, the asset number pe… -
Asset Number Doesn't Match Asset Referenced in Line Desc. of Subledger JournalSummary: Hello - We have two examples of assets that are referencing the wrong asset in the subledger journal line description. In the example below, the asset number pe…
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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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User with Profile Option FND_READ_ONLY can submit depreciationHello Experts, We have enabled the profile option FND_READ_ONLY for a set of users, however we have noticed that they are able to submit the below processes from Fixed A… -
Unable to Derive multiple Depreciation Accounts from Project ExpenditureSummary: Hello All, Unable to Derive multiple Depreciation Accounts from Project Expenditure, while creating Capital Asset, able to see single depreciation account inste…
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Report Error - Size to Large to RepublishSummary: We are trying to run the forecast depreciation report after using the "what-if" situation process. The report process is completed succesfully, however as we tr…
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We wanted to understand if , It it possible to depreciate assets in the below manner ?Summary: We wanted to understand if , It it possible to depreciate assets in the below manner ? If so, Please let us know how to achieve the same. Requirement: Depreciat…
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Capitalize an asset in current period but Depp and Asset life should start from next financial yearHi, We are looking for an option to capitalize an asset in the current period (for example: Sep-24) with Asset life of one year in the asset book with Jan-Dec Financial …
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Is Fixed Assets calculating bonus depreciation correctly in the two scenarios listed below?Summary: Content (please ensure you mask any confidential information): Scenario #1 -------------- Cost: $1000 Life in years: 5 Bonus rule rate: 80% In Service Date: 03-…Cristian Ramirez-Oracle 21 views 1 comment 0 points Most recent by Shawna Green-Support-Oracle Assets
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Annuity Depreciation Method - Accounting EntriesSummary: Hi All, We are testing the Annuity Depreciation method which was introduced in the 24C Update. The below entries were auto generated by the system as per the co…Vipusha Chandrakumaran 21 views 3 comments 0 points Most recent by Shawna Green-Support-Oracle Assets
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How to configure for Weighted Average Depreication?Summary: Client has requirement to use a "weighted average" depreciation for one category. I've never used this type of depreciation and not sure how to configure approp… -
Can we change Starting Period Parameter of What-If-AnalysisSummary: Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): Code Snippet (add any code snippets t…
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Depreciation Accounting is created with Incorrect Combination and Tranferred to GL, how to rectifySummary: We ran Depreciation for the Migrated Assets and Submitted Create Accounting without Posting to GL. Upon validation found that SLA Config is wrong and Account co…
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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 …
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How to change the depreciation expense account based on the Invoice or Payment?Summary: Upon asset creation, the Depreciation Expense account of an Asset is defaulted based on the account combination set up on the asset's category. We need that acc…Urvisha Ancharruz 282 views 5 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Is it possible to change the date placed in service if depreciation has not yet been run?Summary: Is it possible to change the date placed in service in cases where depreciation has not yet been run? Hi, we need to change the date placed in service for few a…
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How to schedule the process Calculate Depreciation daily?Summary: While scheduling the calculate depreciation process, the period parameter is fixed and we are unable to change it. Hence, it is taking the same period even when…
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Require configuration document for MACRS 40B HY and MACRS 20B HY Depreciation MethodRequire configuration document for MACRS 40B HY and MACRS 20B HY Depreciation Method.