Friday, 8 July 2011

4-Assets adjustment - Oracle applications R12-1.1 financial

You adjust an asset by reclassifying, changing the number of units, adjusting the financial information, or performing a mass change. These adjustments are automatically reflected in the reporting currencies asset books. All cost adjustments use the daily exchange rate based on the transaction date entered during adjustment. Oracle Assets calculates new weighted average rate for the asset.
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1 comment:

  1. lauren19 March 2012 at 05:02

    I am not much known to accounting terms so I am spending some time on reading to get more insight as you said that We can adjust an asset by performing a mass change and it appears in reporting.Do they appear as separate entries.
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