Answer / aravind reddy

MASS ADDITION
ASSET CLEARINGF A\C DR
TO SUPPLIER LIABILITY A\C

DETAILED ADDITION
FIXED ASSET A\C DR
TO ASSET CLEARING A\C

DEPRECIATION PROGRAME
DEPRECIATION EXPENCE A\C DR
TO ACCUMILATED DEPRECIATION A\C

WHEN DEPRECIATION HITS THE ASSET
ACCUMILATED DEPRECIATION A\C DR
TO ASSET A\C

CIP ASSET
CIP ASSET A\C DR
TO CIP CLEARING A\C

CAPITALISING CIP ASSET
FIXED ASSET A\C DR
TO CIP COST AC

Answer / latha ummalaneni

Oracle Assets - CURRENT PERIOD ADDITION

Dr. Asset Cost
Dr. Depreciation Expense
Cr. Asset Clearing
Cr. Accumulated Depreciaiton

CIP asset. (CIP assets do not depreciate)


Dr. CIP Cost
Cr. CIP Clearing

Oracle Assets - CAPITALIZED IN PERIOD ADDED

Dr. Asset Cost
Dr. Depreciation Expense
Cr. CIP Clearing
Cr. Accumulated Depreciation

what is the difference between debit memo and credit memo on oracle AR

2 Answers  

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HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .

0 Answers   Cap Gemini,

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What are KFF validations?

2 Answers   Genpact,

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Hi all, what are the mandatory sql/plsql commands functional consultant need to know, let me know please.....

1 Answers  

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what is aim methodology?explain me in detail? what is ur role in it ? in which phases u involved

4 Answers   Cap Gemini, Satyam,

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What is the use of the Default GL Date given in parameters of the Autoinvoice import program?

1 Answers  

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What is Supplier & Supplier site

5 Answers  

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How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?

1 Answers  

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What is ment by physical inventory reconciliation?

1 Answers  

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what is the revenue recognization program in ar &what is the difference between aging report and revenue recognization report.

2 Answers   Cognizant,

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.

3 Answers   Oracle,

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In Multi Org can you tell what is SHORT ENTITY ?

1 Answers   Logica CMG,

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