Incorrect Depreciation Amount after Backdated Amortized Adjustment with year Prorate Convention
(Doc ID 2195695.1)
Last updated on FEBRUARY 03, 2019
Applies to:
Oracle Assets - Version 12.1.3 and later Information in this document applies to any platform.
Symptoms
On : 12.1.3 version, Depreciation, Rollback, Projection, What-If
ACTUAL BEHAVIOR --------------- The depreciation calculation is incorrect after amortized adjustment for assets having yearly prorate convention
EXPECTED BEHAVIOR ----------------------- Expect that depreciation calculation has to be correct after amortized adjustment
STEPS ----------------------- 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
BUSINESS IMPACT ----------------------- 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
Cause
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