EAM: Asset Transaction Reversal Does Not Validate Open Accounting Period

(Doc ID 2346260.1)

Last updated on JANUARY 08, 2018

Applies to:

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

Symptoms

On : 9.2 version 21, Functionality

ACTUAL BEHAVIOR
---------------
Asset Transaction Reversal does Not validate Open Accounting Period, this will ultimately cause Journals to Error.


EXPECTED BEHAVIOR
-----------------------
Expecting system to verify if open period is open

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
Step 1: Verify the Accounting Period. Observe that the period is open till 06/19/2017.
Step 2: Create an Asset in Open Period and capitalize it. Ensure that all the dates while creating and capitalizing the asset are 06/01/2017.
Step 3: Run Depreciation Process and verify that entries have been created.
Step 4: Generate Accounting Entries, Post the Journal to GL and verify that Accounting Entries are created, Journal is posted.
Step 5: Create Cost Adjustment. Observe that the Accounting date and Transaction date of the transaction is 06/02/2017.
Step 6: Run Depreciation Process.
Step 7: Generate Accounting Entries, Post the Journal to GL and verify that Accounting Entries are created, Journal is posted.
Step 8: Reverse the Adjustment transaction. Note that the Accounting Date of the Reversal Transaction is 07/04/2017, which is in closed period.
Step 9: Run Depreciation Process.
Step 10: Generate Accounting Entries, Post the Journal to GL and verify that Accounting Entries are created, Journal is posted.

Replication_Steps

 



BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, journals go to error if the reversal transaction Accounting Date is not in an open period.

Changes

 

Cause

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