Professional Documents
Culture Documents
Objectives
Objectives
Agenda
Tax
book
Quarterly
calendar
FURNITURE.DESKS
Straight-line 5 years
MIDAsset 325
MONTH
VEHICLE.OWNLUXURY
Straight-line 4 years
MID-MONTH
Asset 843
FURNITURE.DESKS
MACRS 5 years
HALF-YEAR
VEHICLE.OWNLUXURY
MACRS 4 years
HALF-YEAR
Copyright 2007, Oracle. All rights reserved.
Asset 325
Asset 843
Calendar
Accounting
Rules
Natural
Accounts
4 Regions
Journal
Categories
Manual Entry
Tax Book
Tax Book
Tax Book
Corporate book
Fiscal calendars
Copy
1999
Tax book
2000
2001
DEC - 01
(Initial period)
Copyright 2007, Oracle. All rights reserved.
Fiscal 2002
(Current year)
Fiscal 2002
(Not yet open)
Cost
Original cost
Units
Date placed in service
Capacity and unit of measure
Salvage value
Expensed items
Revaluations
Corporate
book
Tax book
May 2002
June 2002
July 2002
August 2002
(open period)
May 2002
June 2002
July 2002
(open period)
August 2002
(not yet open)
Asset added to
Corporate book
Asset copied to
Tax book
FA_TAX_INTERFACE
Updated data in
Tax Book
ITC amount
Recoverable cost
ITC recapture
Deferred Depreciation
Asset # 10123
Cost $110,000
Corporate Book
STL 5 Year
Year 1 Depreciation =
$ 22,000
Tax Book
MACRS 3 Year
Year 1 Depreciation =
$ 36,663
$ 14,663
Year 1 Deferred Depreciation
Copyright 2007, Oracle. All rights reserved.
1,000
3,000
2,000
1,000
1,500
500
1,000
300
-700
1,000
150
-850
1,000
50
-950
Tax book
Copyright 2007, Oracle. All rights reserved.
Depreciation
Reserve
Fiscal Yr
2001
(Closed)
Fiscal Yr
2002
(Current)
$ 200,000
$ 200,000
$ 50,000
($ 20,000)
($ 20,000)
Adjusted Reserve
$ 180,000
$ 230,000
All assets in a
Tax book
Adjustments made
by comparing values
in all three books
Corporate
book
Control
Tax book
Tax book
Controlling Mass
Depreciation Adjustment
Status
New
Preview
Previewed
Definition
New adjustment
Report running
Report successful
Updated
Running
Error
Adjustment updated
Adjustment running
Report or adjustment
ended in error
Adjustment successful
Completed
Possible Action
Preview
None
Run adjustment
Modify adjustment
definition
Preview
Preview
None
Preview
Review
Calculating Mass
Depreciation Adjustment
Minimum
Accumulated Depreciation
Maximum
Accumulated Depreciation
CIP Assets
Corporate Book
Copyright 2007, Oracle. All rights reserved.
Tax Book
Description
Summary
Summary