"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." Oracle Assets User Guide - Release 12.1 Part Number E13586-04
In this video I walk trough below scenarios:
- compare monthly depreciation before and after override
- correct/modify override depreciation value
- close month and make sure depreciation value is same with one before override (This is true only if depreciation is calculated cost / life in months; if depreciation is calculated Net Book Value / remaining life in months depreciation value will be different).
Demo
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