Revaluation Reserve After a Previous Impairment Loss Creates Incorrect Accounting Transactions
Last updated on MAY 01, 2017
Applies to:Oracle Fusion Assets Cloud Service - Version 220.127.116.11.0 and later
Oracle Fusion Assets - Version 18.104.22.168.0 and later
Information in this document applies to any platform.
After performing an Impairment, then a Revaluation (with the Reversal of Impairment Loss flag checked in ADFDI), the transaction entries are incorrect. The impairment loss is not getting reversed.
Expect the Impairment amount to get reversed and be charged to the Profit and Loss account.
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