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Concatenated values for Depreciation Expense and Depreciation Reserve Account
Hi,
I am working on an OTBI report and using the Subject Area "Asset Balances Real Time". I am looking for Depreciation Expense and Depreciation Reserve Account(Concatenated segments value) for each Assets under a Corporate Book. Currently, under the Asset Category, what I can see is the default combination for each of the above accounts value. I want to have the Concatenated Segments for both the Depreciation Expense and Depreciation Reserve for the current accounting generated.
Question1: Does any Subject area pertaining to Fixed Assets provides the Concatenated Segments for the above Accounts?
Question2: If not, then how can get those two account Concatenated Segments values?
Oracle Cloud version I am currently using is
Oracle Fusion Cloud Applications
24D (11.13.24.10.0)
Answers
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HI
Please review the given help center documentation links it might be helpful.
https://docs.oracle.com/en/cloud/saas/financials/25b/faofb/Fixed-Assets-Asset-Balances-Real-Time-SA-183.html
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Check the below as it might be helpful:
Fixed Assets- Asset Balance Real Time and GL Segments — Cloud Customer Connect
Account Combinations / Segments used for Cost and Reserve Accounts for Asset Transfer Journals (Doc ID 2474141.1)
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This is an excellent question to explain the importance of IFRS.
Now, Oracle has provided mechanisms to calculate Depreciation of Current Assets as per Asset Configuration, like straight line (which is included in IFRS) and some others like Accelarated Cost Recovery (which are not included in IFRS). Customers could easily slide from one to the other!
Also, IFRS Asset valuation includes an important step to calculate and apply estimated future cash flows of an asset, but this does not seem to be a core feature by any defined press of a button.
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