My Oracle Support Banner

UK Local Authority Accounting - Revaluation for Upward Depreciation (Doc ID 2784123.1)

Last updated on JUNE 12, 2021

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.20.10.0 and later
Information in this document applies to any platform.

Goal

Customer country-specific requirement is:  when we have a revaluation loss in the previous period, and in the current period there is a revaluation upward, the depreciation component of the "to be" depreciation for the revaluation loss between the previous period and the current period should be adjusted in the asset cost.
In EBS , to achieve the same there is a local government patch available which is used. Do we have a similar one for Fusion?
The original ‘UK Local Authority Accounting’ functionality was included somewhere near the Sep-13 RPC.  Is this requirement feasible in Fusion?
 

Solution

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Goal
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.