Scrapping a Lease Asset Error - You Cannot Date your Transaction in a Future Period

(Doc ID 2409289.1)

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.

Symptoms

On : 12.1.3 version, Asset Management

While scrapping an asset, the following error is encountered:

ERROR
-----------
You cannot date your transaction in a future period.
User-Defined Exception
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.

STEPS
-----------------------
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.

Changes

Cause

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