My Oracle Support Banner

Retirement Setup - Same Account For Gain And Loss Account in Release 12 (Doc ID 1585952.1)

Last updated on AUGUST 23, 2021

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.


Retirement journal creates different lines for Retirement Proceeds;  Retirement NBV Retired, Retirement Cost of Removal account even though same natural account is provided  in FA book controls form in respective fields.

As per the Oracle® Assets User Guide Release 12.1 on page 6-37 ff

If you enter the same account for each gain and loss account, Oracle Assets creates a single
journal entry for the net gain or loss as shown in
the following table:
Book Controls window:
Accounts Gain Loss
Proceeds of Sale 1000 1000
Cost of Removal 1000 1000
Net Book Value Retired 1000 1000
Revaluation Reserve Retired 1000 1000

Dr. Accumulated Depreciation 2,500.00
Dr. Proceeds of Sale Clearing 2,000.00
Dr. Revaluation Reserve 600.00
Cr. Asset Cost 4,000.00
Cr. Cost of Removal Clearing 500.00
Cr. Gain/Loss 600.00

How can this be set up?


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
 Still Have Questions?

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