Period Close process in Oracle Fixed Assets

1. Complete all transactions for the period being closed
             --Prepare Mass Additions
             --Complete manual additions
             --Complete adjustments
             --Complete retirements
             --Complete transfers
             --Complete reinstatement
2. Then if required, you need to assign distribution lines to all assets.
     If an asset not assigned to a distribution line, the period end depreciation process will not complete.  Take the advantage of running "Assets not assigned to any cost center listing".

3. Run calculate gain & loss
4. Run the depreciation
5. Create Accounting
6. Roll back depreciation for adjustments
            When you trying to do adjustment on a particular asset FA automatically rolls back depreciation for that particular period.
7. Create Accounting
8. Post Asset transaction in GL
9. Reconcile your fixed assets and GL.

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