Fixed Assets - EBS (MOSC)

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ADI Asset Upload Incorrectly Includes Depreciation

edited Feb 12, 2014 12:00PM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

Good Evening,

My client, a public sector Department in Ireland, operates Oracle Financials 11.5.10.2 and recentyl completed the take on of a number of Assets for one of our customer organizations.

At the time of the upload two different issues arose due to incorrect communications from the customer in relation to the data on the Asset Uploads. Both cases relate to incorrect selection of depreciation.

1) Take on of Paintings. The Depreciation check box on the Asset Upload was unchecked but the Ammortization Start Date and Ammortization check box were populated. The asset take on occurred in January for Assets dating back to January 2013. This resulted in a full years depreciation being applied to the Net Book Value which is incorrect as these assets must not depreciate.

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