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Fixed Asset : Wrong deprecistion in first month of new Fincial Cycle (Doc ID 2643025.1)

Last updated on FEBRUARY 28, 2020

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.1.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.1.0.0.0 version, Production Support

ACTUAL BEHAVIOR
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Fixed Asset Depreciation Issue

Depreciation for all contract for month January 2020 system as done Excess depreciation .

For example : Contract booked on December 6th 2019 and Depreciation set is system is every month 25th.

1st Depreciation happened on December 25th for the period of 1 month.
2nd depreciation happened on January 25th and it was excess and amount is more than 1 month. System accrued from book date.


EXPECTED BEHAVIOR
-----------------------
System should depreciate the asset correctly.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, Asset depreciation is incorrect.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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