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The FA_RETIREMENTS table in Oracle E-Business Suite (EBS) 12.1.1 or 12.2.2 is a critical component of the Fixed Assets module, serving as the primary repository for recording asset retirement transactions. This table stores comprehensive details about asset disposals, including partial retirements, full retirements, and other related adjustments. Below is a detailed analysis of its structure, functionality, and integration within Oracle EBS.

1. Overview of FA_RETIREMENTS

The FA_RETIREMENTS table captures transactional data when an asset is retired from service, whether due to sale, disposal, or obsolescence. It is linked to other key Fixed Assets tables, such as FA_ASSETS, FA_DISTRIBUTION_HISTORY, and FA_TRANSACTION_HEADERS, ensuring data consistency across the module. Each retirement record includes metadata such as transaction dates, retirement types, and accounting entries.

2. Key Columns and Their Significance

The table comprises several critical columns:
  • RETIREMENT_ID: A unique identifier for each retirement transaction.
  • ASSET_ID: References the retired asset from the FA_ASSETS table.
  • BOOK_TYPE_CODE: Specifies the asset book (e.g., corporate, tax) to which the retirement applies.
  • TRANSACTION_HEADER_ID: Links to FA_TRANSACTION_HEADERS for audit tracking.
  • DATE_EFFECTIVE: The date when the retirement takes effect.
  • RETIREMENT_TYPE_CODE: Classifies the retirement (e.g., 'FULL', 'PARTIAL', 'SCRAP').
  • COST_RETIRED: The portion of the asset cost being retired.
  • PROCEEDS_OF_SALE: Revenue generated if the asset is sold.
  • GAIN_LOSS_AMOUNT: Calculated gain/loss from the retirement.

3. Functional Workflow

When an asset retirement is initiated:
  1. A transaction header is created in FA_TRANSACTION_HEADERS.
  2. Retirement details are recorded in FA_RETIREMENTS, including cost adjustments and proceeds.
  3. Depreciation calculations are updated in FA_DEPRN_DETAIL.
  4. General Ledger (GL) entries are generated via the FA_MASS_ADDITIONS interface.

4. Integration with Other Modules

The FA_RETIREMENTS table interacts with:
  • General Ledger (GL): Posts gain/loss entries and updates asset net book value.
  • Payables: Records proceeds from asset sales if linked to supplier invoices.
  • Projects: Tracks asset retirements tied to project capitalization.

5. Reporting and Compliance

Data from FA_RETIREMENTS supports:
  • Tax reporting (e.g., IRS Form 4797 for U.S. GAAP).
  • Audit trails via FA_TRANSACTION_HEADERS references.
  • Custom retirement analysis reports using Oracle BI Publisher.

6. Technical Considerations

  • Indexing: Columns like ASSET_ID and TRANSACTION_HEADER_ID are indexed for performance.
  • Purge Policies: Retirements older than the retention period are archived via FA_PURGE.
  • APIs: The FA_RETIREMENT_PUB package facilitates programmatic retirements.

Conclusion

The FA_RETIREMENTS table is a cornerstone of Oracle EBS Fixed Assets, ensuring accurate retirement processing, compliance, and financial reporting. Its integration with GL, Payables, and Projects underscores its role in end-to-end asset lifecycle management. Understanding its structure and relationships is essential for effective asset retirement workflows in EBS 12.1.1 and 12.2.2.