Asset Workbench (FAXASSET) Form Errors With: "APP-OFA-48392 Amortization Start Date must be after Date Placed in Service" When Using Following Month (FOL-MONTH) Prorate Convention
(Doc ID 427475.1)
Last updated on JANUARY 12, 2021
Applies to:Oracle Assets - Version 18.104.22.168 to 22.214.171.124 [Release 11.5]
Information in this document applies to any platform.
***Checked for relevance on 16-Mar-2012***
The asset is capitalized and already amortized and uses the following month prorate convention.
The date placed in service should be set to 17-MAR-2007. The current open period is April 2007 and the Amortization Start Date defaults to 01-APR-2007. When saving the transaction, the following error occurs:
APP-OFA-48392 Amortization Start Date must be after Date Placed in Service.
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