Brief Overview of Fixed Asset Accounting Depreciation Additions and Capitalizations Adjustments Transfers and Reclassifications Revaluations Retirements and Reinstatements Tax Accumulated Depreciation Adjustments A. Journal Entries for Depreciation When you run depreciation, Oracle Assets creates journal […]
How does the XLA_DISTRIBUTION_LINKS table map to the Fixed Asset Subledger? For transactions like Additions, Adjustments, and Retirements etc. the mapping is: XLA_DISTRIBUTION_LINKS.SOURCE_DISTRIBUTION_ID_NUM_1 = FA_ADJUSTMENTS.TRANSACTION_HEADER_ID XLA_DISTRIBUTION_LINKS.SOURCE_DISTRIBUTION_ID_NUM_2 = FA_ADJUSTMENTS.ADJUSTMENT_LINE_ID For Depreciation event transaction rows: XLA_DISTRIBUTION_LINKS.SOURCE_DISTRIBUTION_ID_CHAR_4 = […]
How to Make a Cost Adjustment to an Asset in Oracle R12? A cost adjustment includes any adjustment that affects the recoverable cost, including a change in cost, salvage value, depreciation, and cost, depreciation expense, […]
Amortized vs Expensed Adjustments in Fixed Assets In the period you add an asset or for CIP assets, changing financial information does not adjust depreciation, since no depreciation has been taken. But while changing financial […]
Revaluation in Oracle Fixed Assets 1. Introduction Revaluation of fixed assets is the process of increasing or decreasing their carrying value in case of major changes in fair market value of the fixed asset. International […]
Depreciation in Fixed Assets Fixed Asset Configuration that Impact Depreciation Calculation Depreciation cannot be explained without brief explanation of following terms Depreciation Calendar, Prorate Calendar, Prorate Convention. So for brief explanation of these terms […]
Prorate Conventions in Fixed Assets Before we discuss depreciation it is worth to discuss prorate conventions as there are wide variety of prorate conventions and each of those prorate conventions has implication on depreciation calculation. […]
Pre-requisite – Mass Additions Create Rules for Import from Payables to Fixed Assets Mass Additions Create will only create mass addition lines under certain circumstances. Please check that you have invoice lines that satisfy the […]
FA Addition from Projects Introduction to FA Addition from Projects We can collect CIP costs for capital assets you are building in Oracle Projects. When you finish building CIP asset, you can capitalize the associated […]
Accounting entries and Create Accounting details for Asset Additions Accounting Entries and Creating Accounting details For all Fixed Assets Addition types, the accounting entry remains the same: Table populated prior to Create Accounting – Assets […]
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