R12 to R12.1: FAXASSET: Assets Workbench Errors With APP-OFA-48392 Assets Transaction Upgrade Is Either Running or Incomplete

(Doc ID 1478278.1)

Last updated on MARCH 07, 2017

Applies to:

Oracle Assets - Version 12.0.1 to 12.1.3 [Release 12 to 12.1]
Information in this document applies to any platform.
FAXASSET:Assets Workbench


When attempting to add a new asset in Assets Workbench, the following error occurs.

APP-OFA-48392 Assets Transaction upgrade is either running or incomplete for one or more reporting currencies associated with primary depreciation book.  You must first complete the upgrade before entering transactions in this book

The issue can be reproduced at will with the following steps:
1. Assets workbench > quick addition


 The ALC ledger created when setting up the primary ledger was disabled and a new ALC ledger was set up.


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