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EAM: Asset Management - Pennies Differences In Depreciation and Standard Depreciation (Doc ID 2685797.1)

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


When depreciation calculation process runs for a retired asset there is a pennies difference in the Depreciation and Standard Depreciation fields resulting in a small amount (Pennies) left in accumulated depreciation.

When retiring an asset created with a primary book in CAD and a secondary book in USD, a rounding issue occurs due to the combination of the exchange rate used and the specific CAD amounts input. For the ASSET_CAD book there is no gain/loss on the retirement from the disposal worksheet. But for the ASSET_USD book there is a small gain/loss that puts the journal entry out of balance.


The expectation is that the Depreciation and Standard Depreciation fields will match with depreciation summing to zero.


The issue can be reproduced at will with the following steps:

1. Create an asset with a primary book in CAD and a secondary book in USD.
 
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 have rounding issue.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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