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Fixed Assets FAQ Impairments (Doc ID 376919.1)

Last updated on AUGUST 09, 2021

Applies to:

Oracle Assets - Version and later
Information in this document applies to any platform.


This FAQ document identifies the most frequently reported questions related to the Oracle Assets Impairment functionality.

Questions and Answers

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In this Document
Questions and Answers
 1. What does 'Impairment' mean ?
 2. What is a 'Carrying amount' ?
 3. What does the 'Recoverable amount' represent ?
 4. What is the 'Fair Value' of an asset ?
 5. What is the 'Value in Use' of an asset ?
 6. What does a Cash-Generating Unit represent ?
 7. How to identify an asset that may be impaired ?
 8. From which patch level is Impairments functionality available ?
 9. How to set up Impairments ?
 10. What is the impairments workflow in Oracle Assets ?
 11. Can impairments be posted for a closed period or if depreciation has been run ?
 12. For the same Impairment record, can the Asset Number and the Cash-Generating Unit be used ?
 13. Will Impairments with status "New" be posted ?
 14. Can Impairments that were posted in a previous period be rolled back ?
 15. Can posted Impairments be deleted ?
 16. In what period will the Impairment effects regarding depreciation calculation occur ?
 17. How many Impairment transactions are allowed to be posted in a period for an asset ?
 18. Is there any functionality to allow conversion of impairment balances on asset additions ?
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