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Lease Accounting
Discussion List
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ASC 842Summary: Is it mandatory in ASC 842 to split the Lease Liability in the form of Short term (1) Lease Liability or is optional Content (required): Version (include the ve… -
ROU Amortization in Functional Currency for Migrated LeasesSummary: Managing migrated ROU FX rate which is different with the Amortization Start Date FX rate Content (required): Currently working on lease migration to Oracle Lea…
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How are calculations are being made in Lease Disclosures ReportSummary: For the Lease Disclosure Report, manual journal entries are not appearing. Details are not being provided clearly in the report, and we are not able to specify … -
Lease AP Payment Edit before TransmissionSummary: Hope you are doing well. I need to know can we make changes to the Payment Amount field in LEase Ap Inovice before it is transmitted to AP for Payment Processin…
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Lease Accounting Proccess flowSummary: Hello Team, Anyone has lease accounting process flow documented. If yes, Please share the same!! Thanks in Advance!! Content (required): Version (include the ve…
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You must enter a valid legal entity. - Lease FBDISummary: While importing the Lease FBDI for BRL BU, There is a Legal Entity which is in Brazilian Portuegue language but defined as the same for American Language. When …
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Lease Present Value CalculationSummary Lease Present Value CalculationContent 1. Where can I find the formula for PV calculation. The system calculation is not coming back to our excel sheet calculati…
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After creating a Lease, without giving the PO number, when I run the Process Lease Accounting Job, sSummary After creating a Lease, without giving the PO number, when I run the Process Lease Accounting Job, system does not change the payment schedule to Approved and cr… -
Is there a link between Fusion Contracts and Fusion Lease Accounting?Summary: Is there any way where the supplier contract is maintained within Fusion Contracts and the same is available for linking/ transactions in Fusion Lease Accountin…Atul Sadanand 42 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle
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ERP Event – Release Highlights for Oracle Fusion Cloud Financials in 23A, Jan 18th, 9am PTRegistrations are open for the next ERP event Release Highlights for Oracle Fusion Cloud Financials in 23A If you have questions for this event, please post them here or…Maria Centeno-Cloud ERP-Oracle 61 views 3 comments 0 points Most recent by Maria Centeno-Cloud ERP-Oracle
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Is there a way to view the changes associated with a Lease Amendment?Summary: Lease Accounting Amendments are sent for approval but there is very little details included in the notification to indicate exactly what was changed. The user i…
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lease amortization proration method 365 Days/YearSummary: Dear Experts, While creating lease amortization proration method, choices are as follows: • Days/Month • 360 Days/Year why 365 Days/Year is not available? Thank…Rajiv_Karande 113 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle
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Negative PaymentsSummary: a) What is the frequency of using 'Negative' payments on leases? What are the use cases that need this? b) Do you have use cases where same asset has both posit…
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How to not enter a supplier on a leaseSummary: Is it possible to create a lease with no supplier? Content (required): Setting up lease accounting to record one lease in a foreign BU. Payables integration is …
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Lease creation in Foreign CurrencySummary: Dear Experts, Can we create lease in foreign currency, ex our functional currency EUR but we would like to create lease in SEK. is this supported? Regards, Raji…
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Migration of open leasesSummary: Open Leases migration from legacy system to Oracle Content (required): Working on open leases migration and would like to understand / get inputs around payment…
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Lease Liability report output blankSummary: Hello Team, When we are creating lease from User id, the output is blank, while if we run the same from Implementation user, it is providing output. any specifi…
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Financial Lease Amandement - Contingent and Non Contingent IncreaseSummary: Hello Team, When we have financial Lease Amandement, We have the option to provide the details of Contingent and Non-Contingent Increase. Can anyone provide the…
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Lease Approval - direct approval to the Assigned To person?Summary: I am attempting to customise the Lease Approval rule to direct the approval to the Assigned To person on the lease - is this possible? I can only see the Respon…
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How to manage a property lease having multiple owners?Summary: How to manage a property lease having multiple owners (i.e. Supplier)? Content (required): We maintain leases for the office buildings and schools. A building m… -
Can Lease payments be bifurcated in Fixed and Variable componentsSummary: Can we segragate lease payments in fixed and variable components Content (required): Version (include the version you are using, if applicable): Code Snippet (a…
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Lease Disclosure reportSummary: Can someone let me know how these two non-compliance expenses are calculated in the lease disclosure report. Content (required): How are Non-Liability Expense a…
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Are Foreign exchange translations done for lease transactions?Summary: Does system support foreign currency translation of functional currency to reporting currency using weighted-average and month-end rates (in case functional cur…
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Ability to support lease payment "adjustments" in calculating/determining lease liability/ROUSummary: Requirement : Ability to support lease payment "adjustments" in calculating/determining lease liability/right of use asset (e.g. free rent, tenant improvement a…
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Is there a provision to enable tax calculations on payments within lease automatically?Summary: Is there a provision to enable tax calculations on payments within lease automatically? Content (required): Version (include the version you are using, if appli…
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Are Lease accounting entries same for IFRS 16 and ASC842?Summary: Are Lease accounting entries same for IFRS 16 and ASC842? Is there any accounting event where entries would be different? Content (required): Version (include t…
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Can we capture an asset for a lease under lease accounting module ?Summary: Requirement : Ability to capture an asset for a lease Content (required): Does system automatically creates the asset in FA if we add asset under lease in Lease…
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Can I view all recently completed lease activity - additions, terminations, amendments, etc.Summary: Ability to view all recently completed lease activity - additions, terminations, amendments, etc. for a month to support a roll forward Content (required): Vers…
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Can we have multiple payment templates per lease?Summary: Can we have multiple payment templates per lease? Content (required): Version (include the version you are using, if applicable): Code Snippet (add any code sni…
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Invoices are not getting generated from financial leaseSummary: Invoices are not getting created for Finalized financial leases even after running scheduled processes. Content (required): After lease status is changed to 'Fi…