1/19/2019 Oracle Apps: Fixed Assets Period Closing Process in Oracle Apps

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Fixed Assets Period Closing Process in Oracle Apps
1. Complete All Transactions for the Period Being Closed
2. Assign All Assets to Distribution Lines
3. Run Calculate Gains and Losses (Optional)
4. Run Depreciation
5. Create Journal Entries
6. Rollback Depreciation and/or Rollback Journal Entries (Optional)
7. Create Deferred Depreciation Journal Entries (Optional)
8. Depreciation Projections(Optional)
9. Review and Post Journal Entries
10. Reconcile Oracle Assets to Oracle General Ledger Using Reports. Save W
11. Run Responsibility Reports (Optional)
12. Archive and Purge Transactions (Optional)
Posted by Krishna at Monday, July 27, 2015
Labels: Period Closing Process

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