R12.1 Depreciation Is Not Calculated Correctly Using 'Use Fiscal Year Beginning Basis'
Last updated on MARCH 26, 2018
Applies to:Oracle Assets - Version 12.1.2 and later
Information in this document applies to any platform.
Depreciation is not calculated correctly when using 'Use Fiscal Year Beginning Basis'.
The asset has Depreciation Method as NBV and depreciation basis rule as 'Use Fiscal Year Beginning Basis'.
The fiscal period is From 01-Apr to 31-Mar. When an asset put in use in an earlier year was migrated in Oracle, depreciation was calculated by the system on the basis of actual cost and not from the NBV from the new year.
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