R12.1 thru R12.2: Mass Revaluation Form Errors With 'Negative revaluation is not allowed through the Mass Revaluations window for UK Local Authority Accounting' When UK SORP Accounting Is Enabled (Doc ID 1681034.1)

Last updated on MARCH 24, 2016

Applies to:

Oracle Assets - Version 12.1.1 to 12.2.5 [Release 12.1 to 12.2]
Information in this document applies to any platform.
FAXMAREV.fmb - Mass Revaluation


Symptoms

On :  12.1.3 version, Mass Revaluation

When attempting to enter value for NBV Value Type, which is less than
existing value, the following error occurs.

ERROR
-----------------------
Negative revaluation is not allowed through the Mass Revaluations window for
UK Local Authority Accounting. Please enter a positive value.

 

Also, on R12.2, same issue occurs.
Error message on the form displayed is:

ERROR
-----------------------
"Invalid Value "Net Book Value" Value Type Value cannot be negative Enter a positive Number in the Value field."



STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Perform Downward Revaluation on Value Type = NBV
2. Provide a positive value, which is less than the Existing NBV

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot Perform Downward Revaluation.

WORKAROUNDS
===========
can use Impairments

 

Cause

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