Oracle Apps 11i : Asset Management – Journal Entries

Oracle Apps 11i : Asset Management – Journal Entries In this tutorial you will learn about Journal Entries: Assets Journal Entries Flow – Oracle Assets creates journal entries for depreciation expense, asset cost, other accounts, and automatically creates general ledger transaction journal entries, if you have set up the journal entry category for that transaction type in the asset book. Journal Entries: Assets Journal Entries Flow The GL period for which you want to create journal entries must be open, The period name in the depreciation calendar assigned to the… Read More

Oracle Apps 11i : Asset Management – Retirements

Oracle Apps 11i : Asset Management – Retirements In this tutorial you will learn about Asset Management – Retirements; Types of Asset Retirement. – Full Retirement, Partial Retirement, Undo or Reinstate Retirements, Retiring Separately Across Depreciation Books, Reinstating Retired Assets – Reinstating with a PENDING status, Reinstating with a PROCESSED Status and Reversing a Reinstatement. Retirements 1. You retire an asset fully or partially when it is lost, stolen, damaged, sold, returned, or for any other reason that causes you to stop using it. 2. You retire assets by units… Read More