How to Define Default Accounting Rules for Inflation Accounting (IAC) Implementation in Assets
(Doc ID 2920350.1)
Last updated on JANUARY 12, 2023
Applies to:Oracle Assets - Version 12.2.5 and later
Information in this document applies to any platform.
In the SubLedger Accounting (SLA) modification noted in the Oracle Financials Public Sector (International) Implemention Guide, Inflation Accounting for Assets Setup, the following is noted for Define Default Accounting Rules:
Inflation Accounting for Assets does not use the default subledger accounting method and, therefore, you must modify the seeded subledger accounting method and assign the new AAD to Oracle Assets. The Assets Standard Accounting with Inflation Accounting AAD is the same as Assets Standard Accounting Application Accounting Definition except for a new Journal Line Definition (JLD) called Inflation Standard Accounting JLD, which performs additional calculations for inflation by creating a common set or subset of journal entries for each event. The Journal Line Definition applies to all event classes and event types.
How is this actually done?
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