My Oracle Support Banner

ELA: Interunit Transfer- Asset cost entry is created with business unit default currency after transfer & Unbalanced entry due net difference between asset and liability (residual value) (Doc ID 2564221.1)

Last updated on AUGUST 26, 2019

Applies to:

PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

Issue1: Unbalanced entry due net difference between asset and liability (residual value) during inter unit transfer.
Issue2:  Accumulated depreciation from original leases might need to get deducted to have correct ROU cost of new transferred lease.
Issue3:  Asset cost entry is created with business unit default currency after transfer.

Steps:

Step 1: Create and activate a finance lease as follows:
- US001
- Status: Active
- Payables Lease: IUTF_46
- Asset Description: Leased Eqt
- Classification: Finance
- Lease Currency: EUR

Step 2: Execute all the below processes:
- Depr Calculation: US001, CORP, IUTF_46
- Create Accounting Entries: US001, CORP, IUTF_46
- Execute the Close Depreciation process for first 3 periods:2019 - 1, 2, 3, US001, CORP, IUTF_46


Step 3: Make an InterUnit Transfer:
- trans date: 04/02/2019, Acc date: 04/02/2019
- new BU: US002
- lease no: IUTF_48

Step 4: Execute all the processes for both the leases. Execute Close Depreciation process for both the leases for the 4th period only.

Unit US002
Asset ID IUTF_48

Sum of Tran Amt Account
Months Acctg Date 154000 168000 215000 670000 674000 681750 Grand Total
       Apr       2-Apr 1564,7           -1699,33                 -134,63
                30-Apr             -521,56 129,3 3,93 -133,23 130,39 -391,17
Grand Total        1564,7    -521,56 -1570,03 3,93 -133,23 130,39 -525,8


Unit US001
Asset ID IUTF_46

Sum of Tran Amt Account
Months Acctg Date 154000 168000 215000 670000 674000 681750 Grand Total
Jan             1-Jan           1564,7            -1564,7 0
          31-Jan                   -130,39      128,02 5,21 -133,23 130,39
2,84217E-14
Feb          28-Feb                   -130,39       128,45 4,78 -133,23
130,39                  0
Mar          31-Mar                   -130,39      128,87 4,36 -133,23 130,39
2,84217E-14
Apr            2-Apr         -1564,7             1699,33                    
   134,63
         30-Apr                     391,17                                
391,17
Grand Total              0 5,68434E-14 519,97 14,35 -399,69 391,17        
525,8


RoU asset cost is 1564.7 for original lease and same is transferred to new lease. Customer is expecting system to consider depreciation while transferring cost to new asset After transfer, residual value of 525.8 is there for original asset. Should it not be reduced to zero.

Asset cost entry is created with business unit default currency after transfer

Changes

 

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.