Fixed Assets - EBS (MOSC)

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Correct Reval by Updating YTD_DEPRN in FA_DEPRN_DETAIL and FA_DEPRN_SUMMARY

in Fixed Assets - EBS (MOSC) 1 commentAnswered

Oracle Financials (FA module) r11.5

Hi, I have had a situation where a fixed asset was Revalued up by 100% in July, Depreciation was run, then a month later (August) it was discovered that the asset had wrongly been revalued so revalued down again by -50%.

Problem is that along with wrong asset being revalued the 1 month (but at double the amount)Accumulated depreciations was sent to asset reval reserve and reset in august and so now depreciation is being miscalculated. (couple of month worth have happen since) and of course this all has been posted through to the GL.

I think I can fix this scenario by doing a GL post from Reval reverse to Deprec. exp for the asset. to completely reverse the original wrong depreciation

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