My Oracle Support Banner

EAM 9.2: Rounding Issue When Asset Is Retired in Last Period of a Fiscal Year (Doc ID 2640830.1)

Last updated on JULY 22, 2020

Applies to:

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

Symptoms

Retirement entries having rounding issue, when retired in last period of a fiscal year.

 

Steps:

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.

 

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.