AM Changes in Salvage Value Test.zip

2883966

Gareth Richards-Oracle

        Gareth Richards-Oracle     Jun 16, 2015 3:24 AM  (in response to user8373076)      

  

It may be better to raise a service request for this issue so that we can look at it in more detail.

However, you should note that:

1) a change to an Asset Profile will not affect existing Assets - the Profile is used only when the Asset is created

2) the Salvage Value for an Asset Book is adjusted through the Cost Adjust/Transfer pages

3) the Salvage % is used when the Asset is created, it cannot be updated for an existing Asset

4) when Salvage Value is adjusted, depreciation is recalculated from the Transaction Date to the end of the Asset's Life.

Regards

Gareth Richards

Oracle Support

2883966

SR 3-10823906931  :  Accounting for Assets on a Foreign Currency Basis  and Change in Salvage value

The above service request was created 25 days ago.  The status is still in "Work in Progress"

Thanks for the feedback.

Chavaw-Oracle

SR 3-10823906931  :  Accounting for Assets on a Foreign Currency Basis  and Change in Salvage value

The above service request was created 25 days ago.  The status is still in "Work in Progress"

Thanks for the feedback.

SR 3-10823906931 is now closed as resolved. Please mark the thread as answered.

Steps to Change Salvage Value:

a. In a test database, go to the Asset Cost adjust/transfer page, selecting your asset, Action Adjustment. Hit "Go!".
b. On the Salvage value field, change the amount to the desired value (e.g. 1,250,000). Hit Apply. Hit Save.
c. Run am_depr_calc.
d. Review depreciation results.  If this doesn't work, you can attach the queries mentioned in my last note (from 06/24): Excel formatted queries of asset_id 263834 from the following tables, all fields, including header information: book, cost, open_trans (remove effective date criteria), depreciation, book_hist, and asset. Put the output of all queries into one Excel workbook, with each tab a different query name and a .xls or .xlsx file extension.

Accounting for Assets on a Foreign Currency Basis:

Generally, AM foreign currency is an integral part of overall PeopleSoft Foreign Currency setup, which is detailed in the PeopleBook section Understanding Foreign Currency Processing.

As for AM, PeopleSoft Asset Management allows you to use transaction currencies for multinational transactions. This enables you to maintain a base or local currency and conduct transactions with foreign entities by selecting a transaction currency for individual transactions. By establishing an exchange rate to convert the currencies, you can complete transactions in multiple currencies and convert them back to the base currency as needed.

On the Business Unit/Book Definition page, the Book Options Currency & Rate Type determine the foreign currency processing (if any). Usually, for Community threads, it is best to share specific issues (rather than general How To's).

Thanks,

Chava Williams. Oracle