Asset Tracking Creates a Asset Retirement for PO Receipt Correction Transaction

(Doc ID 2418873.1)

Last updated on JULY 03, 2018

Applies to:

Oracle Asset Tracking - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

When inventory makes PO Receipt corrections using the standard receipt corrections, accounting does not reverse correctly.

Currently the accounting that happens is as follows

1) Receipt
      Dr FA Clearing (Inventory acct)
               Cr Accrual

2) FA Creation from OAT
     Dr FA Cost
               Cr FA Clearing

3) Receipt correction in Oracle to reverse the receipt
     Dr Accrual
         Cr FA Clearing

4) FA Retirement (Initiated by Receipt correction This is done by the OAT Interface-Move-Transactions program)
     Dr Retirement Expense (Loss/Gain)
          Cr FA Cost

So, this results with Net
     Dr Retirement Expense (Loss/Gain)
         Cr FA Clearing

Changes

 

Cause

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