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Incorrect Depreciation Amount after Backdated Amortized Adjustment with year Prorate Convention (Doc ID 2195695.1)

Last updated on JUNE 12, 2018

Applies to:

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


On : 12.1.3 version, Depreciation, Rollback, Projection, What-If

The depreciation calculation is incorrect after amortized adjustment for assets having yearly prorate convention

Expect that depreciation calculation has to be correct after amortized adjustment

The issue can be reproduced at will with the following steps:
1. Perform amortized life change transaction
2. then adjusted cost calculated by application is incorrect which results in incorrect depreciation expense

The issue has the following business impact:
Due to this issue, The depreciation expense charged is incorrect which results in incorrect reporting of profile / loss amount
and leads to incorrect reporting to tax authorities / top management


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