why should we create prorate calender and what is the
difference between depreciation calender and prorate
calender in fixed assets module?
Answers were Sorted based on User's Feedback
Answer / kranthioracle
fiscal year - according to dictionary definition any
accounting peroid consisting of 12 months is fiscal year.
where as in assets while defining fiscal year we are just
mentioning the start and end period.
depreciation calender - determines the number of accounting
periods in the fiscal year ex- jan, feb, mar.
prorate calender - This determines over how many periods
to spread the annual depreciation amount (or) else in
simple terms it specifies when an asset should be
depreciated.
Ex: purchased an assest on jan
and specified prorate date as mar, in this case the
system will run depreciation in the month on mar.
Is This Answer Correct ? | 18 Yes | 1 No |
Answer / ks
Depreciation calendar is for defining number of periods
with in a fiscal year.
Prorate calendar determines how depreciation should be
allocated to each period with in a depreciation calendar.
A daily calendar will allocate depreciation daily.In this
case divide depreication should be selected as "Daily" in
book control form
Is This Answer Correct ? | 12 Yes | 1 No |
Prorate Calendar will decide ur company depreciation
policy.
For eg: Your company is purchasing an asset at any date of
a month, but it is going to calculate depreciation from end
date of the month only.
In this case ur prorate will be like this.
From 01-jan-09 to 31-jan-09 -- prorate date is 31-jan-09.
Means if u are purchasing an asset at any date of jan month
ur system starts calculating depreciation from 31-jan-09
Onwards.
Like this u can define ur prorate calendar.
Is This Answer Correct ? | 8 Yes | 1 No |
Answer / aravind reddy
fiscal year,fiscal calender and prorate convention.fiscal
year is to connect link between the gl calender and asset
calender then only at the time of transfer to gl data
transfers,fiscal calender to determine number of accounting
periods in a fiscal year and prorate calender determines
number of accounting periods in a fiscal year
Is This Answer Correct ? | 2 Yes | 9 No |
Is it possible to match PO from Order Management in AP, if so how ? How does the P.O matching process works in AP?
Can you please tell me what is there any differece betwen Payables Open Interface Import" Program and the "Payables Invoice Import" program?
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
What experience do you have in FA Module Implementation?
What is 4th c and why use 4th c mandatory?
hi friends i am a B.com Commerce Graduate, completed in the year 2006. i have good knowledge in oracle General Ledger, Accounts Payable, Cash Management. i have basic Knowledge in Accounts Receivables and Fixed Assets, i dont have experience in oracle financials, but i have 3 years of experience in Accounts. After learning oracle i am very much confused that will i be eligible to get job in oracle or not. i got adviced from many consultancies and councellors about this matter , few of them advice me to search oracle job and few are'nt . please advice me to what to do .
Why should we run "Replicate seed data" program??
Intercompany setup in oracle applications with transaction processing
HI, waht is the difference between security rule v/s Balance segmetn values in R12. what is the exact purporse of Balance segment vlaues? expalin with an example.
we track suppliers information from legacy to oracle apps what is the programe?in technical scenario we use sql loader or adi but in functional what is the program ?
in Oracle Payable s we are not matching Po how to clear accrual account in P2p cycle?
encumbrence set ups?