Oracle Assets
Posted: 26 June 2007 01:09 PM
Total Posts:  2
Joined  2007-06-12

Dear Oracle friends,

As per Indian country specific laws , Assets acquired on Foreign Currency debt, the gain / loss of forex fluctuations on the debt will have to be adjusted with ASSET VALUE instead of adjusting in Profit and loss account.  The adjustment will normally be at the end of every fiscal year until the foreign currency debt is finally paid off.

Please suggest some advise how to handle this scenario in Oracle Assets as there will not be a unit adjustment to the asset but the cost of asset is to be adjusted. 

Thanks in advance.