Fixed Assets - EBS (MOSC)

MOSC Banner

Depreciate flag was set to yes by mistake on some assets at legacy conversion

in Fixed Assets - EBS (MOSC) 3 commentsAnswered ✓

Hello all.

We performed our assets legacy conversion on MAY-21, we used DEC-20 as our starting period and then excecuted depreciation and accounting until we catch up with MAY-21, and from there we started daily basis operations on Assets.

Just recently we identified 4 assets that were uploaded with Depreciate Flag = YES, by mistake.

I know we may update Depreciate Flag to NO for those 4 assets, so they won't continue to depreciate, but I'm not so sure about what can we do to "adjust" the depreciation amounts that have been calcuated on this past periods.

Maybe enter a negative unplanned depreciation amount?

Tagged:

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

EBS Fixed Assets Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center