Fixed Assets - EBS (MOSC)

MOSC Banner

Incorrect Adjustment Journals generated for Category Reclass

edited May 4, 2020 5:00AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

We noticed that the Reserve and depreciation accounts were incorrect for
Assets Categories. Based on the recommendation from Doc ID 764056.1 New assets Categories were
created with the correct Reserve and Depreciation expense accounts, the Assets
from the old Categories were then "Reclass"
to the new Category Created which works fine.   However,
we noticed that additional Adjusting Journals were created because some of the
assets life have been updated, which is different from the life in the Category set up.

To address the new issue, we went back to the individual assets and
update the life of the asset to the initial rate prior to "Reclass."

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center