Interested to Buy Any Domain ? << Click Here >> for more details...
What is ment by prorate convention?
- 5 Answers
- 24200 Views
- Merrill Lynch, I also Faced
- E-Mail Answers
Answer Posted / abhishek rai
The prorate calendar determines the number of prorate
periods in your
fiscal year. The depreciation program uses the prorate
calendar to
determine prorate period, which is used to determine the
annual
depreciation amount.
The prorate convention determines how much depreciation to
take in the
first and last year of an asset's life based on when you
place the asset in
service. Your tax department chooses the prorate
convention. The prorate
calendar and convention must be setup before adding the
assets. If you
retire an asset before it is fully reserved, the retirement
convention
determines how much depreciation to take in the period of
retirement. The
prorate convention, the retirement convention and the
depreciation method
work together to determine the depreciation for the first
and last year of an
asset's life. After setting up the prorate convention, you
specify the prorate
convention for each asset on the Books form and the
retirement convention
on the Retirements form in Asset Workbench. See the white
paper - The
Wonderful World of Prorate Conventions, located on
MetaLink, for more
details.
Thanks, Abhishek Rai
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Invoice Approval Process?
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
Anyone provide the oracle fin/scm definetions
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
what is the difference between bonus reserve and bonus expense
What is the use of operating unit, while configure multiorg?
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
What is Work Flow of AP,AR, Sales & Purchase
What is meant RD020
how service tax work.
Please post the setups required to approve the payable invoice in AP.
What are the inventory report to check inventory status.
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples
What kind of necessary ap information you gather from the client?
What is automation of accounts payable activities (evaluated receipt settlement)?
