EAM: Retirement with AD convention calculating PDP incorrectly
Last updated on NOVEMBER 27, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9 and later
Information in this document applies to any platform.
On : 9.0 Functionality
PDP is getting calculated wrongly
While disposing off certain assets in P'soft in the current month it has been observed that the system is not calculating the depreciation reversal amounts correctly. Capitalization date of the said assets is 19 Nov, 2009 & disposal date is 3 Nov, and useful life of the Asset is 60 periods. Assets are being disposed in back date.
Retirement with AD convention calculating PDP incorrectly. The transaction date of the retirement is Nov. 3, 2014, accounting date is Dec. 26, 2014. The PDP that was created is -57.13. Expecting it to be -88.91.
In the replication test I've included 2 assets as example to show asset 111 is wrong
Asset 111 has for the retirement, transaction date of Nov. 3, 2014, accounting date of Dec. 26, 2014.
Asset 113 has for the retirement, transaction date of Nov. 1, 2014,accounting date of Dec. 26, 2014.
For asset 111, the PDP calculated is -57.13.
For asset 113, the PDP calculated is -99.97.
This is a big difference for a 2 days difference in the transaction date.
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