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User579817-OC
Validate my Fixed Assets Setup Apr 27, 2015 12:00 PM
Hiii
Grateful if someone can validate my FISCAL, ASSET AND PRORATE CALENDAR
Business RequirementsAsset Calendar- Client wants to run depreciation on a Quarterly Basis
Prorate Convention - Client calculates depreciation on a daily basis
The fiscal year has to be the same as that defined for the General Ledger??
Thanks
User579817-OC
Re: Validate my Fixed Assets Setup Apr 29, 2015 6:36 AM
in response to Mohammed Ahmad
The accounting rules has been validated by the client. No issue.
User579817-OC
Re: Validate my Fixed Assets Setup Apr 29, 2015 6:37 AM
in response to Anshu Malhotra -Oracle
yes it is the intended requirement
User579817-OC
Re: Validate my Fixed Assets Setup Apr 29, 2015 6:42 AM
in response to Mohammed Ahmad
CWA v4 is the correct daily prorate. I have made a lots of setup to test. v4 is the latest.
User579817-OC
Re: Validate my Fixed Assets Setup Apr 29, 2015 6:51 AM
in response to SusanRuch-Oracle
Please confirm if it is correct?
Fiscal year same as General Ledger that is 01-Jan-XXXX to 31-Dec-XXXX
Asset Calendar - Quarterly that is 4 periods per fiscal year
Prorate Convention - Daily that is 01-Jan to 01-Jan
Then in the Book Control I should choose divide depreciation by days instead of evenly
User579817-OC
Re: Validate my Fixed Assets Setup Apr 30, 2015 7:28 AM
in response to SusanRuch-Oracle
Hello I am a bit confused about the Daily Prorate Calendar.
I have defined
The Asset Fiscal Year Ex 01- JAN to 31 DEC 2014
The Asset Calendar Ex 01-JAN-31 MAR 2014 for each quarter
The Prorate Convention EX 01-JAN to 01-JAN 2014
Is the setup of daily prorate convention calendar done on the same screen as the prorate convention?
2. The new asset calendar CWA V4 - Daily will be used in asset book controls as depicted in the below
print screen
Regarding the daily Prorate Convention you already defined is correct and you will use it setting up Asset
Categories or during adding assets
Thank you
1. Setup > System Controls > Oldest Date Placed In Service (You cannot enter a date placed in service
before the oldest date placed in service you specified here)
2. Setup > Fiscal Years > First Fiscal Year (start with Oldest Date Placed In Service)
3. The same is applicable Prorate Calender and Prorate Convention
So, Is Jan-11 the Oldest Date Placed In Service you will use on this instance?
Ref:
How to Setup the Prorate Calender And Convention Calendar Starting Periods (Doc ID 464231.1)
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Regards
User579817-OC
Re: Validate my Fixed Assets Setup Apr 30, 2015 3:06 PM
Thank you everyone for all your replies
In summary I have to define
The Asset Fiscal Year Ex 01- JAN to 31 DEC 2014
The Asset Calendar Ex 01-JAN-31 MAR 2014 for each quarter
The Prorate Calendar Ex 01-JAN to 01-JAN 2014 ( Attach it to the book control)
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