EAM: Why ARO Asset Retirement dosen't generate the accounting entry for ARO Liability (AL) ?
(Doc ID 2332473.1)
Last updated on NOVEMBER 27, 2017
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
On : 9.2, ARO Accounting Entries
Why ARO Asset Retirement dosen't generate the accounting entry for ARO Liability (AL) ?
As per PeopleBooks, ARO Asset on Retirement creates ARO Liability Debit and ARO Settlement Credit.
Steps to Replicate,
- Retire an ARO Asset ( No Removal Cost is Entered )
- Run Depreciation Process
- Run Create Accounting Entries Process
- Verify RET Accounting entries.
The output is Fixed Asset Credit, ARO Settlement Credit and Gain Loss Debit.
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