Last updated on APRIL 25, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
When using the Australian Revaluation functionality, the generated accounting entries are incorrect. There should be no need for a revaluation contra account, the entries need to be processed directly to the provision for depreciation.
This issue can be replicated by performing the following steps:
1) Run the steps for the Australian Revaluation process a as described in PeopleBooks.
2) Review the resulting accounting entries.
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