Asset Additions By Cost Center Report - FAS420 Incorrect Cost and NBV (Doc ID 1604337.1)

Last updated on MARCH 08, 2017

Applies to:

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

Symptoms

Asset Additions By Cost Center Report shows wrong value in Net Book Value column.

Its initial cost is 34.261,65. Addition had been in July as CIP asset.
Than, in the next period August, there was an adjustment. Its value increased double, to 68.523,30 and the asset was capitalized.
Period was then closed.

In the report run for August, there are 2 issues:

- Cost is still stated as 34.261,65

- NBV is based on 34.261,65 minus initial depreciation

 

This whereas the View Financial Information form does report on 68.523,30.

Also the Asset Register report states 68.523,30

 

 

Cause

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