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Book Overview & Buying
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Table Of Contents
Oracle E-Business Suite 12 Financials Cookbook
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Assets need to be depreciated based on defined depreciation methods. In this recipe, we will look at how to run depreciation and close a period.
Log in to Oracle E-Business Suite R12 with the username and password assigned to you by the System Administrator. If you are working on the Vision demonstration database, you can use OPERATIONS/WELCOME as the USERNAME/PASSWORD.
Run the following reports to check if all assets are assigned to the correct expense accounts and books:
Assets Not Assigned to Any Cost Centers Listing
Assets Not Assigned to Any Books Listing
Let's list the steps required to run depreciation:
1. Select the Assets responsibility.
2. Navigate to Depreciation | Run Depreciation.
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3. In the Book field, select ACME CORP.
4. The Period is automatically entered.
5. Select the Close Period checkbox to close the period. Once a period is closed, it cannot be reopened.
6. Click on the Run button.
7. In the Caution dialog box, select the OK...
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