EAM: Child Assets still In Service after Retirement of Parent
Last updated on SEPTEMBER 26, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
In release 9.1 bundle #20, after retiring a parent and all its children assets, the asset status remains In service for both the parent and the child assets.
This is confusing because the asset is retired, but can still be transacted against.
1. Added asset PARENT1 -
a. for the CORP book, quantity 1, cost 444,618
b. for the Federal book, quantity .75, cost 323,459.6
Indicated this was a parent.
2. Added 2 children:
a. CHILD1A -- quantity is 1 for both books, cost 10,000 for both books - indicated this was a child asset of PARENT1
b. CHILD1B - quantity is 1 for both books, cost 45,000 for both books - indicated this was a child asset of PARENT1
3. Went to the retirement page and selected asset PARENT1:
a. Hit Go.
b. Kept 'copy changes to other books checked'.
c. On the Child Assets tab, selected both children.
Expected the asset status to change to D (disposed) for at least the 2 child assets, and perhaps the parent.
The asset status remained I (in service) for the parent and the 2 children.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms