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Lease Accounting
Discussion List
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💡How To "Attach Lease Detail Report" On Multiple Leases?Summary: How to "Attach Lease Detail Report" on multiple Leases to change the Version Status from "Booked" to "Finalized"? Content: There is a quartz program that runs t… -
💡SLA setup for Lease Accounting (FLA) product on Oracle CloudSummary: In this document you will find a general overview and a explanation of the Subledger Accounting (SLA) setup for Fusion Lease Accounting. The document contains s…
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💡Migration to Lease Accounting: Lease Accounting Migration Tools and Best PracticesSummary: Migration to Lease Accounting: Lease Accounting Migration Tools and Best Practices Content: This document provides an overview of Lease Accounting migration too…
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💡New RELEASE for LEASE ACCOUNTING: Periodic Compound Interest Calculations in 24DSummary: Periodic Compound Interest Calculations in 24D and Later Releases Content: Lease accounting, in accordance with IFRS 16 and ASC 842, calculates the right-of-use…
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💡Formula to Calculate Opening Liability and IFRS 16 Right of Use Amortization in FLASummary: Users need details about the formula to calculate Opening Liability and IFRS 16 Right of Use Amortization in Lease Accounting. They are trying to replicate exis…
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💡Lease Accounting: How to Create a New Role with Lease Contract DutySummary: How to create and use a new Role related to Lease Accounting Product. Solution: Please check the document attached. Note: For generating Lease Detail Report, th…
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Do we have Lease Accounting Configuration workbook and Testscript ?Summary: Hello Team, i just wanted to ask if there is an already seeded CWB & Test script for Lease Accounting module. Content (required): Version (include the version y… -
Customization required in Lease Payment Approval ProcessHi Team, Customer wants to make 1. Parameters Default: 1. 1 Payments Processing - Approve 2.2 Export to Payables - Yes 3.3 Launch Import Payables Invoice - Yes 2. Mandat… -
Lease Migration - How to Clear the Balance in the Reserve AccountSummary: As part of the Open/Active Leases migration the ROU balance is migrated as per the legacy system and the Lease Liability is discounted after the amortization st…
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Leases- ADFDISummary: Unlike like other modules (AP, FA, GL) why does the Lease module doesn't have the ADFDI feature, so user can add/amend leases via ADFDI Content (please ensure y…
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Lease Amortization Schedules Extract - How to create an IFRS schedule based on ASC842 schedule?Summary: Our client only has ASC842 schedule enabled and would like to have an IFRS schedule. We would like to utilize Lease Amortization Schedules Extract to create the…
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Allow Lease Asset FlagSummary: We are defining new Major/Minor Asset Categories with the category type as Lease and linking them to two asset books—one with the 'Allow Lease Asset' flag enabl…
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Unable to add Secondary ledger in system options after implementing LA with Primary ledger.Organization Name (Required - If you are an Oracle Partner, please provide the organization you are logging the idea on behalf of): PricewaterhouseCoopers Description (R…
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How to set Require Property Definition to No at System Options FusionSummary: Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): Code Snippet (add any code snippets t…
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How to Review Future Scheduled Lease Liability and Amortization AmountsI would like to ask about the Lease Transactions and Balances Report in Oracle Fusion Lease Accounting. Our understanding is that this report outputs only the amounts fo…
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The lease amortization schedule is not extending till lease end dateI have created a lease with start date as 19/7/24 and end date as 29/6/34. I have created the asset and payments for the period. Then I have generated the payment schedu…
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Unable to setup lease if location is not available at BUSummary: As mentioned in document Manage Lease Accounting Configuration - Business Unit Not Available ( Doc ID 2737225.1 ), we are unable to setup leases if business uni…
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Fusion Lease Property_three-level parent-child hierarchy registration throws an errorSummary: Fusion Lease Property registration throws an error when attempting to register a three-level parent-child hierarchy Content (please ensure you mask any confiden…
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Lease prepayment and extra payment before or after lease endingSummary: How to process Lease prepayment and extra payment before or after lease ending? Content (please ensure you mask any confidential information): 1.Prepayment 2.Ad…
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How to incorporate intercompany in leases moduleMy client is into inter-company leases properties. What DFFs are required to differentiate Inter company leases properties from other leased properties. What setups and …
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Derive correct company value based on Legal EntitySummary: In the current design, we have multiple legal entities in one business unit. In the Lease Accounting module, I could write an SLA rule based on legal entity and…
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Leasing Accounting vs Oracle EBS Property ManagerSummary: Oracle Fusion Lease Accounting Vs Oracle EBS R12 Property Manager Content (please ensure you mask any confidential information): Recently I realized that Oracle… -
Why event Lease Expense accounting entries not created?Summary: Why event Lease Expense accounting entries not created? Step1:submit create accounting request, process category is blank, and process events are all. Step 2: c…
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Lease Schedule as per the Required CalculationsSummary: We are planning to Implement Lease Accounting Module. Currently our Leases are maintained in excel Spreadsheet. We have done the required setups and created a L…
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Can you change the Liability Reclassification Method after lease module has gone liveSummary: When Lease Accounting went live, Liability Reclassification Method was set to Short Term Present Values. It has been a few months since we've been using the mod…
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Lease Accounting - CWB + Test Scripts + Business Process ModelSummary: Lease Accounting - CWB + Test Script + Process Flow Content (required): We are looking at replacing our legacy system for Lease with Oracle Lease Accounting, an… -
Process Lease Accounting Invoices missing from Correct Import Errors tableSummary: To give a quick overview of the issue: Business Users ran Process Lease Accounting on April 30 where it will be Processed to AP but not yet imported Before Impo…
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What should be the data conversion level for Secondary Ledger to work?Summary: What should be the data conversion level for Secondary Ledger to work? Is there any Oracle documentation about it? Content (please ensure you mask any confident…
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Lease interest accrual as periodic compounding rate - 24D new feature - is not working accuratelyHi All, We have enabled period compounding method for leases as per 24 D upgrade. We have below scenario for lease. Lease start date - 02 March 2023 Lease end date - 01 …
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Revenue Leases - AutoInvoice import error - ORA-02289: sequence does not existSummary: Getting this error while trying to import from Revenue Leases. Seems like it is looking for a sequence but I am not able to add a sequence for Revenue Lease. Ge…
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Future Dated Lease functionalitySummary: We would like to know how to create future-date leases in the Lease Accounting module. Content (required): 1.Lease Tenure: Year (2025 to 2028) 2.Monthly payment…
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Add new accounting standards or update the names for current onesSummary: Currently there are 3 accounting standards in the value list when i define system options for lease accounting: ASC842/IFRS16/Japanese GAAP. Are these values be…
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Action LOV not populating any value while importing Properties in Lease AccountingSummary: We are facing issue where while importing properties in Lease Accounting, no value is coming in the "Action Type". Although Business Unit & Process ID parameter…
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You must enter a valid location Error - While loading the Lease FBDISummary: While loading the Lease FBDI, I enter a valid & Defined Location code but the Lease Import is getting Rejected and showing - You must enter a valid Location. Co…
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Lease Search function does not work after creation of lease. What is the reason?Summary: 1 After lease creation or activation of lease, the created lease cannot be found by Search function. 2 But the same lease can be displayed on the standard repor…
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configure approval group by DFF and user can select the approverSummary: Currently for LA approve, users just click submit for approval in the actions of Lease Accounting Contract. The finance team would like to allow users to select…