EAM: On Accounting Entry Template , ARO Liability is Added Instead of Contra Asset on Accounting Entry

(Doc ID 1644645.1)

Last updated on JUNE 30, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
***Checked for relevance on 16-April-2014***

Symptoms

On : 9.2 version, Accounting Entries

ACTUAL BEHAVIOR
---------------
ARO Liability created on accounting entry template

EXPECTED BEHAVIOR
-----------------------
NO ARO Liability should have been created on accounting entry template but Contra Asset should have been created

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. All of the existing Cost types should not be ARO applicable (Uncheck the ARO check box in the existing Cost Types).  Set Up Financials/Supply Chain > Product Related > Asset Management >Financial> Cost Type
2. Create a New asset Category Set Up Financials/Supply Chain > Product Related > Asset Management >Financial> Categories
3. Create a accounting entry template for the newly created category with Cost type as blank, transaction type as 'ADD' and transaction code as blank.
4. Check the Accounting Entry Type(DISTRIBUTION_TYPE). ARO Liability is added instead of Contra Asset.

Cause

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