EAM: Missing Debit Line Or Gain/Loss Entry For RET Accounting Entries After Applying PUM#15. (Doc ID 2103923.1)

Last updated on MAY 26, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
-------------------------
Asset Retirement Accounting Entries: Debit entry not getting generated.

When an asset is retired, RET accounting entries are not balanced. Debit entry is not generated for the contra asset.
 

EXPECTED BEHAVIOR
-----------------------------
Need to have create balanced accounting entries.

STEPS
-----------
Steps to Replicate.
1) Create an Asset for US001
2) Run the depreciation calculation
3) Create Accounting Entries. (ADD entries are generated)
4) Retire the asset
5) Run Depreciation calculation again
6) Create Accounting entries (RET one credit entry is generated , NO Debit Entry)


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have balanced entries that posted to GL.

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