Depreciation - Rollback

...

Distribution

Director of Fixed Assets Accounting

FA Administrator

Related Procedures

None

Ownership

The Director of Fixed Assets Accounting is responsible for ensuring that this document is necessary, that it reflects actual practice, and that it supports corporate policy.

IS Assets
M > Depreciation > Rollback Depreciation
Rollback Depreciation

After running depreciation without closing the period, you can roll back depreciation to restore assets to their state at the beginning of the period before running depreciation.
You can continue to add assets, perform transactions, and make corrections and adjustments after you have rolled back depreciation.
You can roll back depreciation:

For the current open period
If you ran depreciation for the period and did not select the "Close Period" check box

Note: You cannot perform any transactions until you rollback depreciation. Therefore, you should rollback depreciation as soon as possible to avoid transactions erroring out.

1. Click the LOV icon for the "Book" field and accept the default "UVA FA BOOK."

2. Click LOV icon for the "Period" field and accept the default of the current accounting period.

3. Click [OK] to submit the request.

4. Select View > Requests from the menu to retrieve the output for this request.

Effective: 08/18/04

Revision: 2

Oracle Tutor can be licensed to modify and add to this content, documenting all of your business process documentation in the Oracle Tutor format.