Depreciation Override Functionality in Oracle Fixed Assets R.12

Oracle ebusiness  suite>Oracle Financial> Oracle Fixed Asset (FA)

Depreciation Override

Depreciation Override allows you to optionally override the depreciation amounts calculated by Oracle Assets. Using this feature, you can manually override the calculated default depreciation amounts for standalone and group assets.

Before running depreciation or performing adjustments, you must provide the necessary information in the Depreciation Override window or the FA_DEPRN_OVERRIDE table, and indicate whether the override data is for depreciation or adjustments. When running depreciation, the system will upload and use the depreciation amounts provided in the interface table

Prerequisite :Set the profile option FA: Enable Depreciation Override to Yes.

Note: For MRC-enabled books, you do not need to provide the override amounts for the reporting currency books. The system will derive the reporting currency values based on the ratio of asset cost in the reporting currency to asset cost in the ledger currency.

Navigation :Depreciation>Override

• Navigate to the Depreciation Override window.

• Click on New to enter the Override Depreciation.

• Select the Asset book 
• Enter the Asset number(s), you can enter assets numbers through DATA LOADER if you have many assets for override.
• Enter the depreciation amount  that you want to override

• Select the Used By whether it is depreciation or adjustment.
• Select the Status Post. (if you select the status new it will not effect the depreciation or adjustment when you run the depreciation.
• Save the work ( Save)