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Lease Accounting – UF Monthly Revaluation Not Supported (Chile)

in Lease Accounting 1 comment

We are implementing Oracle Fusion Lease Accounting (FLA) and have identified an issue with leases denominated in UF (Unidad de Fomento), which is commonly used in Chile.

Currently, Lease Accounting stores lease amounts using the exchange rate at contract creation and does not appear to perform monthly revaluation based on the updated UF value, which is required for local accounting compliance.

Could you please confirm:

Whether monthly revaluation for UF-based leases is supported in FLA.

If not, what is the Oracle-recommended approach to handle UF remeasurement or revaluation?

Thank you.

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