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README.md

layout default
title FA Asset Retirements | Oracle EBS SQL Report
description Imported from BI Publisher Description: Asset Retirements Report Application: Assets Source: Asset Retirements Report (XML) Short Name: FAS440XML DB…
keywords Oracle EBS, Oracle E-Business Suite, SQL report, Blitz Report, Enginatics, R12 only, Asset, Retirements, fa_deprn_periods, fa_lookups_vl, fa_system_controls
permalink /FA%20Asset%20Retirements/

FA Asset Retirements – Oracle EBS SQL Report

Oracle E-Business Suite SQL report from the Enginatics Library powered by Blitz Report™.

Overview

Imported from BI Publisher Description: Asset Retirements Report Application: Assets Source: Asset Retirements Report (XML) Short Name: FAS440_XML DB package: FA_FAS440_XMLP_PKG

Report Parameters

Book, Set of Books Currency, From Period, To Period

Oracle EBS Tables Used

fa_deprn_periods, fa_lookups_vl, fa_system_controls, gl_sets_of_books, fa_transaction_headers, fa_additions, &lp_fa_books, &lp_fa_retirements, &lp_fa_adjustments, fa_distribution_history, gl_code_combinations, fa_asset_history, fa_category_books, fa_lookups, fa_book_controls

Report Categories

Enginatics, R12 only

Related Reports

FA Asset Book Details, FA Asset Impairments, FA Asset Upload, FA Asset Book Details 11i, FA Additions By Source, FA Asset Additions, FA Cost Adjustments

Running This SQL Without Blitz Report

Some Oracle EBS SQL reports in this library require functions from the utility package xxen_util. Install it before running the SQL directly against your Oracle EBS database.

Download & Import Options

Resource Link
Excel Example Output FA Asset Retirements 30-Aug-2021 052300.xlsx
Blitz Report™ XML Import FA_Asset_Retirements.xml
Full SQL on Enginatics www.enginatics.com/reports/fa-asset-retirements/

Executive Summary

The FA Asset Retirements report details assets that have been retired or sold during a specific period. It is essential for calculating gains and losses on disposal and ensuring that retired assets are removed from the active depreciation schedule.

Business Challenge

  • Gain/Loss Calculation: Accurately determining the financial impact of asset disposals.
  • Tax Reporting: Reporting asset disposals correctly for tax purposes.
  • Clean Register: Preventing "zombie assets" (retired but still on books) from inflating insurance premiums or tax liabilities.

The Solution

This Blitz Report streamlines retirement analysis by:

  • Gain/Loss Visibility: Clearly showing the Proceeds of Sale, Cost of Removal, and resulting Gain/Loss.
  • Retirement Types: Distinguishing between sales, thefts, or casual retirements.
  • Period-End Processing: assisting in the month-end close process by validating all retirement transactions.

Technical Architecture

Based on FAS440_XML, the report queries FA_RETIREMENTS and joins with FA_BOOKS to get the Net Book Value at the time of retirement. It calculates the gain/loss based on the formula: Proceeds - Cost of Removal - Net Book Value.

Parameters & Filtering

  • Book: The depreciation book.
  • From/To Period: The period range when the retirement occurred.

Performance & Optimization

  • Period Range: Keep the range consistent with your financial reporting cycle (e.g., monthly or quarterly).
  • Currency: Ensure the correct currency is selected if working in a multi-currency environment.

FAQ

  • Q: What happens if I reinstate a retirement?
    • A: Reinstatements are typically handled as a separate transaction type or by reversing the retirement entry, depending on how the report filters status.
  • Q: Does this include partial retirements?
    • A: Yes, it shows both full and partial retirements, with the retired cost portion displayed.

Useful Links

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