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Error: [APP-19452] Date Placed In Service is in a future Oracle Assets period.

Discussion in 'Oracle Financials' started by iiita_ns, Dec 4, 2013.

  1. iiita_ns

    iiita_ns Active Member

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    Hello, Could you please suggest cause of below error?
    [APP-19452] Date Placed In Service is in a future Oracle Assets period. The asset may be rejected during the interface process.
    Thank you.
     

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  2. Bharat

    Bharat Community Moderator Forum Guru

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    Hi ,

    Can you please let us know what you are trying to do and when this error came ?
     
  3. iiita_ns

    iiita_ns Active Member

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    Hello Bharat, Thank you for the reply.
    I am trying to enter DPIS for Project assets in Prject Capitalization window. After some analysis, it is found that, there is no asset book assigned to project asset & date entered is not in current open period for the only asset book in the system. Is there any alternative to opening periods?
    Thank you.
     
  4. jagadekara

    jagadekara Forum Guru

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    Hi iiita_ns,

    Check below info...

    Date in Service

    If the current date is in the current open period, the default date placed in service is the calendar date you enter the asset. If the calendar date is before the current open period, the default date is the first day of the open period. If the calendar date is after the current open period, the default date is the last day of the open period. Accept this date, or enter a different date placed in service in the current accounting period or any prior period. You cannot enter a date placed in service before the oldest date placed in service you specified in the System Controls window.

    You can change the date placed in service at any time. If you change the date placed in service after depreciation has been processed for an asset, Oracle Assets treats it as a financial adjustment, and the accumulated depreciation is recalculated accordingly.

    The asset category, book, and date placed in service determine which default depreciation rules Oracle Assets uses. If the asset category you entered is set up for more than one date placed in service range for this book, the date placed in service determines which rules to use.

    If you enter a date placed in service in a prior period and zero accumulated depreciation, Oracle Assets automatically calculates catchup depreciation when you run depreciation, and expenses the catchup depreciation in the current period.

    The date placed in service for CIP assets is for your reference only. Oracle Assets automatically updates this field to the date you specify when you capitalize the asset using the Capitalize CIP Assets window.

    For more info refer LINK