ERPstuff - Oracle EBS Community

I am very new to Oracle Assets. I am trying to solve few problems related to Oracle Assets.

I would like to know what is Amortization of Assets. When do we Amortize an Asset.

Pls. let me know.

Thanks in advance.

aganguly

While creating the asset by mistake I had put salvage percentage(5%) of the asset. We have already run the depreciation for the last one year.Now we want to remove the salvage % of the asset. How to do that and what would be the financial impact on the asset.

Thanks.

Amitava

I want to run 2 databases(in standalone mode) in similar name in a common network . Is it possible ? If yes then how ?

Thanks.

Amitava

By mistake I have created a JV and posted that. Now I want to cancel that JV.

Which of the following solutions would be the best .

1. Create a new JV and rectify the problem.

2. Reverse the JV and post the reversed JV.

Thanks.

Amitava

I had created a JV and this has already been posted. Now I want to cancel this JV. How this is possible ?

Thanks.

Amitava

I have wrongly retired (sold) an asset and the depreciation has also been run and the status is PROCESSED.The asset needs to be recreated at the same WDV as on that date.

How this is possible.

Thanks.

Amitava

While creating the asset by mistake I have put the unit as 1. Now I want to change the unit to 2. How this is possible ? Through Assignment I could not do it.

Need solution.

Thanks in advance.

Amitava

I have created a new asset thru Create Mass Addition. By mistake I have entered wrong Expense Account. I have not yet run the Depreciation of the asset for the month. Then trru Assignment I have changed the Expense Account of the Asset. Now if I run the Depreciation will it be having any wrong finan...

We have run the depreciation upto March-2009 and closed the depreciation period for March, 2009. Now I want to change the opening value(Net Book Value) of one asset in the month of April,2009. I would like to know how to change the opening value of an asset manually without running depreciation for ...

In the inventory module after creating an item the assignment of organisation has been done wrongly.How to change the wrong organisation assignment.Can any one help ?

Nevigation Path .

Master Item -> Tools -> Organisation Assignment

Thanks in advance.

aganguly

[quote]We are having multi organisations. We have decided to merge 2 organisations. i.g organisation B will be merged with organisation A. In cash management how to transfer the folllowing. 1. Banks set up from organisation B to to organisation A need to be transferred. 2. Balances lying in Cash Cle...

We are having multi organisations. We have decided to merge 2 organisations. i.g organisation B will be merged with organisation A. In cash management how to transfer the folllowing. 1. Banks set up from organisation B to to organisation A need to be transferred. 2. Balances lying in Cash Clearing, ...

In our case we run the Depreciation on monthly basis.

Is there any Report thru which we can see the Depreciation details(Depreciation Rate & Amount for the persiod) of the Assets belong to a particular category.

Pls. let us know.

Amitava

Hi Anurag, Thanks for your reply. Currently we are following WDV Method of Depreciation and putting depreciation rate as 100% and it is taking 12 months (1 year) to get fully depreciated. If we follow the Straight Line Method and want the the asset to be fully depreciated withing 3 months then what ...

We follow the Financial Year from April to March. in few cases(where the Asset value is less tha Rs. 5000/-)we want the Asset will be fully Depreciated in the same year by March, whenever we add the Asset into the system. e.g. Since we are following the financial year from April to March so if we ad...