Asset Retired With 1 Month Left And Next Month Prorate Has Rounding In Catchup, Takes Unwanted Small NBV
Last updated on MARCH 08, 2018
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
The issue can be reproduced at will with the following steps:
1. Retire an asset with 1 month remaining in life and a next month retirement prorate.
2. Run Calculate Gains and Losses. Review of the asset will disclose that rather than fully reserving as desired, a small amount (usually pennies) of NBV will be recognized.
The issue has the following business impact:
Due to this issue, users cannot get desired condition of fully reserved when retiring assets with 1 month left and a next month prorate. Unwanted gain/loss is being recognized.
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