Fixed Assets - EBS (MOSC)

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Asset Conversion Strategy

edited Jun 22, 2011 2:36AM in Fixed Assets - EBS (MOSC) 14 commentsAnswered
 Hi

We are going live April 1, 2010.  The FA conversion plan is listed below.  Please let me know if this is the best practice to perform this cutover requirement.

1) Extract legacy data March 31, 2010 after the FA period is closed

2) Convert assets into Oracle April 1, 2010

3) Create accounting and push Journal Entry to the GL to Debit Asset Cost accounts & Credit Asset Clearing Accounts

4) Load General Ledger beginning balances April 1, 2010 - which include Asset Cost accounts

5) Delete the FA journal entry from step 3 above, since the balances are recorded in step 4

6) Start preparing new mass additions for April 2010\

7) Run Depreciation and create accounting  and close the period for April to record April's new transactions

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