EAM92: ARO Asset Retirement Accounting Entries are not generated correctly
(Doc ID 2004498.1)
Last updated on APRIL 10, 2018
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Problems running the Create Accounting Entries process (AM_AMAEDIST) for the Retirement of an ARO Asset.
1) The Retirement Accounting Entry Template for Asset Retirement Obligation (ARO) contains Distribution Type ARO Liability (AL) and Distribution Type ARO Settlement (AS).
When an Asset that is set up for ARO is retired, the Create Accounting Entries process generates only the usual Fixed Asset (FA), Accumulated Depreciation (AD), and Gain/Loss (GA/GL) lines. There are no ARO lines.
2) The Create Accounting Entries process (AM_AMAEDIST Application Engine program) abends at Step AM_AMAEVAT.500030.Step10 Field COST_TYPE_ARO is not defined on state record AM_AMAEVAT_AET for VAT Assets.
3) ARO Retirement in SQL Server - the Create Accounting Entries process (AM_AMAEDIST) abends at Step AM_AMAEDIST.700100C.Step20 RC 8601 Incorrect syntax.
4) Asset Retirement Obligation in a VAT BU. When the "ARO" asset is retired (Asset Id. AROxxxxxxxxx), the accounting entries are out of balance because only the FA and AD lines are created.
The issue can be reproduced with the following steps:
1) Select "ARO Processing" in the Installation Options.
2) Select "Asset Retirement Obligations" in User Preferences.
3) Select "Use ARO" and "Include ARC In Impairment Test" for the Business Unit.
4) Check that the "PROF1 - ARO Profile" Asset Profile for Category ARO has "Asset Retirement Obligations" selected.
5) Check that the "O" Cost Type has "Asset Retirement Obligations" selected.
6) Check that there are Accounting Entry Templates for Category "ARO" Asset Category and Cost Type "O".
7) Check that Transaction Code "O" (ARO Settlement) exists.
8) Add an Asset in BU ARO01, using Profile "PROF1".
9) Run the Depreciation Calculation process.
10) Run the Create Accounting Entries process.
11) Run the Close Depreciation process.
12) Retire the Asset.
13) Run the Depreciation Calculation process.
14) Run the Create Accounting Entries process.
15) Review the Accounting Entries.
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