How to add Specifying Dates for Calendar Periods Oracle Assets
By Jag - November 25, 2014
You can started as several calendars as you would like. every book you started needs a depreciation calendar and a prorate calendar. The depreciation calendar determines the amount of accounting periods in an exceedingly twelvemonth, and also the prorate calendar determines the amount of prorate periods in your twelvemonth. you'll use one calendar for multiple depreciation books, and as each the depreciation and prorate calendar for a book.
Your company books will share an equivalent calendar. A tax book will have a distinct calendar than its associated company book. The calendar for a tax book should use an equivalent year name because the calendar for the associated tax book.The depreciation program uses the prorate calendar to work out the prorate amount that is employed to settle on the rate. The depreciation program uses the depreciation calendar and divides depreciation flag to work out what fraction of the annual depreciation expense to require every amount. for instance, if you have got a quarterly depreciation calendar, Oracle Assets calculates quarter of the annual depreciation anytime you run depreciation.
READ: Overview of Oracle Asset Management | Oracle Fixed Asset | R12
READ: Asset Tracking for Depreciable Items
You must at the start discovered all calendar amounts from the amount adore the oldest date placed in commission to this period. you want to discovered a minimum of one amount before this amount. At the tip of every year, Oracle Assets mechanically sets up the periods for consecutive year.
Attention: If you employ this depreciation calendar in a very depreciation book from that you produce journal entries for your leger, you want to create the amount names a twin of the periods you have got discovered in your leger.
You can outline your calendar but you wish. for instance, to outline a 4-4-5 calendar, discovered your financial years, depreciation calendar, and prorate calendar with completely different begin and finish dates, and fill within the uneven periods.
To divide annual depreciation proportionately in step with the amount of days in every amount, enter By Days within the Divide Depreciation field within the Book Controls window.
Specifying Dates for Calendar Periods Oracle Assets
N: - Setup-> Asset System-> Calendars
1. Open the plus Calendars window.
2. Enter the name of your Calendar.Suggestion: The name you enter seems in List of Values windows which permit no quite fifteen areas. you\'ll need to limit your name to fifteen characters.
3. select financial or Calendar to append either the financial or civil year to induce the accounting amount name. If you are doing not need the financial or civil year mechanically appended, select None. For example, if your year runs from Gregorian calendar month one to might thirty one, and also the current date is July fifteen, 1995, you\'re in calendar 1995 and financial 1996. If you specify financial , your amount name is JUL-96. If you specify CALENDAR, your amount name is JUL-95.
4. Enter the year Name you wish to use for this calendar.
5. Enter the quantity of periods within the year for this calendar. Note: you can\'t enter quite 365 periods per annum.
6. Enter the Name of this era. If your periods embody the year, like JAN-1995 and you\'re victimization the hyphen (-) because the suffix delimiter, you need to use either a 2 or four-digit year suffix. Oracle Assets
automatically adds a four-digit year to the tip of the amount name if you are doing not enter a year. Otherwise, you\'ll be able to enter a two-digit year suffix. If you employ this depreciation calendar in an exceedingly depreciation book from that you produce journal entries for your ledger, you want to build the amount names a twin of the periods you have got found out in your ledger.
7. Enter the beginning and finish dates of this era.
8. Save your work.
