Capital Project Doesn't Generate Asset Lines after Asset Current Cost is Increased (Doc ID 1626724.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Project Costing - Version 11.5.9 and later
Information in this document applies to any platform.

Goal

A Capital Project was Capitalised and Asset Lines were Generated.  New Additional cost was added, but does not generate Asset Lines when Generate Asset Lines is run.
The problem appears to arise from the fact that Cost Adjustments have been manually added to this asset in Fixed Assets and amortized. According to Oracle Notes:

  “If you amortize an adjustment for an asset you cannot expense future adjustments for that asset in that book”

This agrees with the error message on the “Mass Additions Posting Report,” which is not allowing costs to in the Mass Additions to update the cost of the Asset:

  “You cannot expense an adjustment to an asset for which you have already amortized and adjustment . Please amortize adjustment”

Is there a way to correct the asset detail in any way to allow future expenses/costs against the asset?

Solution

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