Period Close Process In FA

1. Complete All Transactions for the Period Being Closed.
2. Assign All Assets to Distribution Lines.
3. Run Calculate Gains and Losses (Optional)
4. Run Depreciation
Oracle Financials E-Business Suite Release 12 Period End Procedures
5. Create Accounting.
6. Rollback Depreciation.
7. Create Deferred Depreciation Journal Entries (Optional).
8. Depreciation Projections (Optional)
9. Review and Post Journal Entries.
10. Reconcile Oracle Assets to the General Ledger Using Reports.
11. Run Responsibility Reports (Optional).