Run the Create Accounting for Assets Process
In this example, you want to determine the estimated gain and loss amounts for retirement transactions processed through March 15, 2019.
You use this information to provide your manager with the approximate impact on your company's profits. You run a draft version of the Create Accounting for Assets process for retirement transactions, because you don't want journal entries transferred or posted to Oracle General Ledger.
Run Create Accounting for Assets
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On the Assets page, click the Create Accounting panel tab.
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On the Parameters page, enter these values:
Field
Value
Book
ABC CORP
Subledger Application
Assets
Process Category
Retirement
End Date
3/15/2011
Accounting Mode
Draft
Process Events
All
Report Style
Summary
Transfer to General Ledger
No
Post in General Ledger
No
Journal Batch
Leave blank
Include User Transaction Identifiers
No
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Click Submit.