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How to Handle Delayed Lease Termination and March Accruals in Oracle Fusion Lease Accounting

edited Mar 27, 2026 5:55AM in Lease Accounting

We have an existing lease scheduled for termination effective 28-Feb-2026. However, due to delays in signing the new agreement, we cannot yet book the replacement lease.

If the agreement remains unsigned past the 31-Mar-2026 period close, what is the Oracle-recommended approach for March accounting? Specifically, if we allow the lease to run (generating March interest/depreciation), can we perform a backdated termination to 28-Feb-2026 in the following period to trigger automatic catch-up/reversal entries, or is a manual GL adjustment preferred?

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