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RC in Fixed Assets

Discussion in 'Oracle Financials' started by Grant69, Feb 22, 2011.

  1. Grant69

    Grant69 Active Member

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    Hi

    can somebody point me in the right direction. I'm after some documents in regards how RC works in Fixed Assets. I'm using R12.1.2

    Thanks
    Grant
     
  2. Grant69

    Grant69 Active Member

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    Hi

    further details relating to the above

    we currently have a fixed asset book linked to a primary ledger (Ledger 1). We have a second primary ledger (Ledger 2) that we use to report in the reporting currency. Ledger 2 is maintained by uploading ADI journals based on the Trial Balance from Ledger 1

    we are looking to set up reporting currencies in the standard sense ie create a reporting ledger attached to Ledger 1. the issue we are facing is that the asset cost & accumulated depreciation were uploaded into Ledger 2 using a weighted average rate and when run the process to initialise the reporting currency balances it will use the exchange rate based on the date placed in service. This will create a variance between the current balance in Ledger 2 and the new reporting currency ledger.

    has anyone faced a similar issue? if so how did you deal with it?

    thanks
    Grant