Fixed Asset Retirement Convention Not Working Properly
(Doc ID 2378373.1)
Last updated on NOVEMBER 20, 2019
Applies to:Oracle Fusion Assets Cloud Service - Version 184.108.40.206.0 and later
Oracle Fusion Assets - Version 220.127.116.11.0 and later
Information in this document applies to any platform.
We have given the Retirement Convention as MID-MONTH for the Categories which means that when an Asset is retired between 1-15th of that month, it should be retired on first day of the current month.
When retired from 16-31st of the Current month, retirement should take effect from the1st of following month.
Here, we've retired an Asset in 31/12/2017 which should be effectively retired on the First day of the Following Month.
This means, Depreciation should be run for the Current Period Dec-17 as well which is not the case here.
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