Scrapping a Lease Asset Error - You Cannot Date your Transaction in a Future Period
Last updated on JUNE 11, 2018
Applies to:Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Asset Management
While scrapping an asset, the following error is encountered:
You cannot date your transaction in a future period.
Error: function FA_RETIREMENT_PUB.do_validation returned failure
Error: function FA_RETIREMENT_PUB.do_retirement returned failure
Error retiring asset MIG63061 in corporate book CSCUS CORP. Retirement transaction was not performed for this asset in Fixed Assets.
The issue can be reproduced at will with the following steps:
1. Current FA open period FEB18 (past period)
2. Current period APR18 (sysdate)
3. Navigate to Asset Management -> Return Requests
4. Query the asset -> Update asset information -> Change status to Scapped -> Click on Apply. Error will be encountered.
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