R12.1: Depreciation is not Calculated Correctly using 'Use Fiscal Year Beginning Basis'
Last updated on JULY 18, 2016
Applies to:Oracle Assets - Version 12.1.2 and later
Information in this document applies to any platform.
***Checked for relevance 20-Dec-2013***
Depreciation is not calculated correctly when using 'Use Fiscal Year Beginning Basis'
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 earlier year was migrated in Oracle, depreciation calculated by system is on the basis actual cost and not from the NBV from new year.
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