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Interest Method Options in Fusion Equipment Leases

in Lease Accounting 1 comment

Hello,

In Oracle EBS, the Equipment Leases module setup allowed selecting the Interest Method from the following options:

  • Daily Compound Interest
  • Linear Compound Interest
  • Simple Interest

In Oracle Fusion, we see that only "Daily Compound Interest" is available.

  1. Is it possible to enable the other options ("Linear Compound Interest" and "Simple Interest") in Fusion?
  2. Why are these options not available in Fusion, unlike in EBS?

Thanks,

Melike

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