GST: Wrong Opening Balance Showing In Block Of Assets Window

(Doc ID 2420454.1)

Last updated on JULY 13, 2018

Applies to:

Oracle Financials for India - Version 12.1.1 and later
Information in this document applies to any platform.

Symptoms

On : 12.1.1 version, APAC Globalization Fixed Assets

ACTUAL BEHAVIOR
---------------
India - Income Tax Act Fixed Asset Schedules program not considering closing balance of previous year as opening balance of current year

EXPECTED BEHAVIOR
-----------------------
India - Income Tax Act Fixed Asset Schedules program should consider closing balance of previous year as opening balance of current year

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Run India - Income Tax Act Fixed Asset Schedules and check the opening balance.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot find correct opening balance for Income Tax Act Fixed Assets.

Cause

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