Depreciation Journals only at the end of year
Last updated on JULY 10, 2017
Applies to:Oracle Fusion Assets - Version 220.127.116.11.0 and later
Oracle Fusion Assets Cloud Service - Version 18.104.22.168.0 and later
Information in this document applies to any platform.
Is it possible to cover a requirement about depreciation journal entries?
The use case is the following: For each month must be created a journal that cover YTD depreciation amount roll backed.
Following an example to better explain:
Calendar Period Monthly.
Depreciation Calculated at 31-JAN= 1000
Rollback of depreciation: 1-feb
Depreciation journal 28-feb: 2000
Rollback of depreciation 1-march
Depreciation journal 31-march
Rollback of depreciation
And so on
The goal of depreciation rollback is to have a YTD depreciation journal for each period.
The reason is that there are situations when someone registers depreciation journals only at the end of year but for Corporate reporting can be asked to have the depreciation a quarterly depreciation YTD.
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