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 220.127.116.11.0 and later
Information in this document applies to any platform.
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?
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