EAM: The AM_DPCLOSE Process Does Not Post Prior Period Accretion Schedule to General Ledger. (Doc ID 2923412.1)

Last updated on JANUARY 30, 2023

Applies to:

Symptoms

A regular asset has been recognized for Asset Retirement Obligation(ARO),using the basic add component.

On the ARO measurement page, the measurement date is entered as Dec 17, 2021 and the accounting date is set as May 31, 2022 and required information was provided on the ARO measurement page.

On clicking the calculate ARO button the Accretion schedule has been generated. Upon generating the ARC and processing the transaction loader the ARO identification number is generated for the regular asset.

When depreciation and accounting entries were processed for the ARO identification number generated. It was observed that the AM_DPCLOSE process did not post the Prior period Accretion schedule. 

Steps to replicate:

1) Create a normal asset with ARO asset profile.
      Menu Asset Management > Asset Transactions > Owned Assets > Basic Add.

2) Select the ARO flag on the basic add navigation.

3) On the ARO measurement page enter the measurement date and accounting date.
     Menu > Asset Management > Asset Transactions > Asset Disposal > ARO measurement.

4) provide the details like est life, ARO cash flow, txn unadjusted cash flow and credit adjustment risk-free rate.

5) Calculate ARO to get the ARO liability field populated.

6) Now click on the generate ARC button.

7) Run the transaction loader process. This will populate an ARO identification number for the asset selected in step 2.
     Menu > Asset Management > Send/ Receive Information > Interface Transactions > Load into AM.

8) Run the depreciation calculation process, Create the accounting entries process and close depreciation.
     Menu > Asset Management > Depreciation > Processing > Calculate Depreciation.
     Menu > Asset Management > Accounting Entries > Create Accounting Entries.
     Menu > Asset Management > Accounting Entries> Close Depreciation.

On the accretion schedule page the schedule for May 2022 was only posted to General Ledger (GL) and the schedule for Jan to April 2022 has the status as pending.

Replication steps.

Changes

Cause

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