R12. FA: Incorect retirement expense after backdated retirement, performed in addition period on a fully reserved asset, using daily prorate convention.
Last updated on APRIL 03, 2018
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.2.5 version, Retirement & Reinstatement
In period of addition, when prior dated full retirement is done on fully reserved asset using daily prorate convention, retirement expense is incorrect.
The issue can be reproduced at will with the following steps:
1.Log into FA responsibility
2.Add fully reserved asset
3.Perform backdated retirement with retirement date in a period that asset is not fully reserved.
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