Asset Retirement Convention

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Post Reply
navson
Posts: 25
Joined: Mon Jun 11, 2007 7:26 am
Location: Pakistan

Asset Retirement Convention

Post by navson »

Dear All

What should be the retirement convention if the company policy is, full depreciate in the month of purhase and no depreciation in the month of sale.

Regards

Naveed
Top
shaikjohnpasha
Posts: 74
Joined: Tue Jul 10, 2007 10:02 am
Location: India

Post by shaikjohnpasha »

Hi,

Select the first day of the month for full depreciation of the month in the case purchase.
Select last day of previous month in the case retirement.

Regards,
Top
Post Reply

Return to “Financials (GL, AP, AR, FA & CM)”



Who is online

Users browsing this forum: Google [Bot] and 19 guests