EAM 9.2: Rounding Issue When Asset Is Retired in Last Period of a Fiscal Year
(Doc ID 2640830.1)
Last updated on NOVEMBER 23, 2021
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Retirement entries having rounding issue, when retired in last period of a fiscal year.
1. Create an asset, cost = 10000, profile = Furniture, Convention = AM, Life = 60 periods, Method = SL, In service Date = 18 - Jan - 2015, Trans Date = 18- Jan - 2015 and Acctg Date = 31 - Jan - 2015 .
2. Run depreciation.
3. Retire Asset, Trans And Acctg Date = 31 Dec 2018 as Scrapped Assets.
4. Run Depreciation.
5. Review Depreciation, entries for last period has rounding issue.
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