The following paragraph should be added between the second and third paragraphs: "If you run the process part way through a year, the calculation process will run up to the end of the last closed period in that year (i.e. the last period for which depreciation has been run). The process may then be run again later in the year, when it will incorporate any new cost adjustments, retirements, or reinstatements since the last run date, and it will also use a new indexation factor if the factor has changed since the last run date."

The following section should be added after the third paragraph:

Prerequisites (Asset Insurance Calculations Program)

Before you can use the Asset Insurance Calculations program, you must:

Set up insurance policy details using the Asset Insurance window

Run depreciation for at least one period of the year for which you are running the process.

Set up indexation factors for the year for which you are running the process. If you do not define an index factor for that year, the process will use the latest available index factor.

Report Parameters (Asset Insurance Calculations Program)

These sentences should be added to these parameters:

Asset Book parameter

This parameter is mandatory.

Year parameter

This parameter is mandatory. If you run the process for a year where all the depreciation periods are not yet closed, the process will run up to the end of the last closed period within the year. Before running the insurance calculation process, you must run depreciation for at least one period in this year. You cannot run the process for years prior to the current open year.

Insurance Company parameter

Enter the insurance company for the report. This is an optional parameter. If you do not enter a value, the report includes assets insured by all insurance companies. The list of values for this field will display suppliers that have been set up in Oracle Payables with a supplier type of Insurance Company (replaces all existing text).

Asset Number parameter

These asset number range fields are optional.