Fixed Assets - EBS (MOSC)

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Amortization flag in Asset migration

edited Jun 19, 2019 5:59AM in Fixed Assets - EBS (MOSC) 9 commentsAnswered ✓

What is the utility of Amortization flag and amortization start date in asset migration?

Isn't it a feature of asset adjustment where you tell the the system when the adjustment is effective from?

Could someone pls elaborate on its utility in conversion?

Went through Oracle Assets Data Conversion Release 11.5 (11i) and 12 Suggestions (Doc ID 263393.1)

Per this

Unless you are using a depreciation method based on cost or table-based, it is very important that these columns are filled, as the system will then know that you want the system to continue calculating depreciation based on net book value (NBV). If you do not fill these columns, the system will calculate depreciation based on cost ignoring the accumulated depreciation already taken in the legacy system.

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