Tags » Fixed Asset

Accounting In Fixed Assets

Brief Overview of Fixed Asset Accounting

  1. Depreciation
  2. Additions and Capitalizations
  3. Adjustments
  4. Transfers and Reclassifications
  5. Revaluations
  6. Retirements and Reinstatements
  7. Tax Accumulated Depreciation Adjustments

A. Journal Entries for Depreciation… 4,047 more words

Fixed Asset

How does the XLA_DISTRIBUTION_LINKS table map to the Fixed Asset Subledger

How does the XLA_DISTRIBUTION_LINKS table map to the Fixed Asset Subledger?

For transactions like Additions, Adjustments, and Retirements etc. the mapping is:

XLA_DISTRIBUTION_LINKS.SOURCE_DISTRIBUTION_ID_NUM_1 = FA_ADJUSTMENTS.TRANSACTION_HEADER_ID… 82 more words

SubLedger Accounting

How to Make a Cost Adjustment to an Asset in Oracle R12?

How to Make a Cost Adjustment to an Asset in Oracle R12?

A cost adjustment includes any adjustment that affects the recoverable cost, including a change in cost, salvage value, depreciation, and cost, depreciation expense, ITC ceilings, or bonus rules. 173 more words

Fixed Asset

Amortized vs Expensed Adjustments in Fixed Assets

Amortized vs Expensed Adjustments in Fixed Assets

In the period you add an asset or for CIP assets, changing financial information does not adjust depreciation, since no depreciation has been taken. 326 more words

Fixed Asset

Revaluation in Oracle Fixed Assets

Revaluation in Oracle Fixed Assets

1. Introduction

Revaluation of fixed assets is the process of increasing or decreasing their carrying value in case of major changes in fair market value of the fixed asset. 1,327 more words

Fixed Asset

Depreciation in Fixed Assets

Depreciation in Fixed Assets

  1. Fixed Asset Configuration that Impact Depreciation Calculation

Depreciation cannot be explained without brief explanation of following terms Depreciation Calendar, Prorate Calendar, Prorate Convention. 1,083 more words

Fixed Asset

Pre-requisite - Mass Additions Create Rules for Import from Payables to Fixed Assets

Pre-requisite – Mass Additions Create Rules for Import from Payables to Fixed Assets

Mass Additions Create will only create mass addition lines under certain circumstances. Please check that you have invoice lines that satisfy the following criteria. 351 more words

Payables