June 2011
Beginner to intermediate
412 pages
9h 28m
English
Content preview from Oracle PeopleSoft Enterprise Financial Management 9.1 ImplementationBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Understanding asset adjustments
An organization encounters various situations where changes need to be made to the asset details. These changes can be related to the physical or financial data. Physical asset details changes are limited to physical attributes such as color, weight, and so on, and they don't affect the asset value or depreciation. On the other hand, changes to financial data such as asset cost, category, depreciation convention, and so on impact the depreciation calculations and have tax implications.
PeopleSoft offers the following options for asset adjustments:
- Addition: This option is used to make any additions to the asset cost. The COST table in asset management tracks all transactions for an asset. This option results in an ...
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