Fixed Assets FAQ Impairments
(Doc ID 376919.1)
Last updated on JANUARY 22, 2024
Applies to:
Oracle Assets - Version 11.5.10.2 and laterInformation in this document applies to any platform.
Purpose
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
| Purpose |
| 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 ? |
| Still Have Questions? |
| References |