why should we create prorate calender and what is the
difference between depreciation calender and prorate
calender in fixed assets module?
- 4 Answers
- 24865 Views
- Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kranthioracle
fiscal year - according to dictionary definition any
accounting peroid consisting of 12 months is fiscal year.
where as in assets while defining fiscal year we are just
mentioning the start and end period.
depreciation calender - determines the number of accounting
periods in the fiscal year ex- jan, feb, mar.
prorate calender - This determines over how many periods
to spread the annual depreciation amount (or) else in
simple terms it specifies when an asset should be
depreciated.
Ex: purchased an assest on jan
and specified prorate date as mar, in this case the
system will run depreciation in the month on mar.
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / ks
Depreciation calendar is for defining number of periods
with in a fiscal year.
Prorate calendar determines how depreciation should be
allocated to each period with in a depreciation calendar.
A daily calendar will allocate depreciation daily.In this
case divide depreication should be selected as "Daily" in
book control form
| Is This Answer Correct ? | 12 Yes | 1 No |
Prorate Calendar will decide ur company depreciation
policy.
For eg: Your company is purchasing an asset at any date of
a month, but it is going to calculate depreciation from end
date of the month only.
In this case ur prorate will be like this.
From 01-jan-09 to 31-jan-09 -- prorate date is 31-jan-09.
Means if u are purchasing an asset at any date of jan month
ur system starts calculating depreciation from 31-jan-09
Onwards.
Like this u can define ur prorate calendar.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / aravind reddy
fiscal year,fiscal calender and prorate convention.fiscal
year is to connect link between the gl calender and asset
calender then only at the time of transfer to gl data
transfers,fiscal calender to determine number of accounting
periods in a fiscal year and prorate calender determines
number of accounting periods in a fiscal year
| Is This Answer Correct ? | 2 Yes | 9 No |
What will accrue in Payables?
if you are not having a cashmanagement module how to reconcile or how to clear the transactions?
What is difference between match and quick match?
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
While doing implementation,Client wants two use 2 Accounting methods for both Sandard Accrual method and Sandard Cash Method.So how we need to map or how need to provide solution.
What is payment of Draft, Final and Final Post?
what is the revenue recognization program in ar &what is the difference between aging report and revenue recognization report.
how GRN works?
Is the multiple SOB architecture (MSOBA)supported in 11i ?
im interested making my careein oracle financials platform. my bkgund is btech cse,MBA in mkt,hr.having 3+experience.in hr work. pls suggest me .wht can i do
I have defined the system options,Receivable activity for REFUND in AR.And now i am getting fallowing error while creating REFUND in Receipt. ---------An unexpected error -6502 has occurred. An alert has been sent to the system administrator. ORA-01403 no data found---------
what is subledger accounting
Oracle Apps Technical 
