EAM: AM_DPCLOSE Process Does Not Post the Prior Period Accretion Schedule for an ARO Asset if Convention is Half Yearly.
(Doc ID 2968716.1)
Last updated on OCTOBER 03, 2023
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
When the ARO asset created with a profile having convention as Half Year, then the Prior period accretion schedule is posted partially by the AM_DPCLOSE process.
Example: An Asset is created with a profile where the convention is Half yearly, on the ARO measurement page the measurement date is 03/04/2013, and the accounting date is 01/01/2015, after generating the ARO identification number and after processing the AM_DPLCOSE for FY 2015, period 1.
The accretion schedule for the FY 2013, period 4,5,6 was not posted to General ledger (GL). However, the accretion schedule from FY2013 period 7, till FY 2015 period 1 was posted.
No issues were observed when using Actual Month (AM) convention.
Step to replicate:
1) Create a normal asset with ARO asset profile, where the convention is HY.
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.
After applying the fix of Bug 34593508.
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