My Oracle Support Banner

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.

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

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.