Accounting
Discussion List
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ASC842 adoption prior to Oracle implementationOracle go-live is November 2024, plan is to convert the leases from the client's current application. All the leases start dates are 2020 and ASC842 standard was adopted…Yana 22 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting -
How to get complete revenue amortization details?Summary: we would like to know how to get complete revenue amortization for revenue lease. currently only revenue recognised is stored in back end tables and not the com…
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Update Fusion Lease Contract status using APIsHi Team, We have a case for our customer that they have an external lease application which manage approval cycle between lessor and lessee and after the final approval …
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Is there any way to record discount on Revenue Leases and amortize it over the lease termSummary: Our customer has few scenarios where they will issue a credit note for concession given which gets adjusted againt lease contract amount and revenue is recogniz…
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ROU and Liability check box is frozen after activation of Lease?Summary: Hi, We have created a lease with the ROU and Liability check box unchecked? Now we require to check those boxes as we need to add those cost to the ROU and Liab…
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Can I know the possibility of handling Security Deposits and refunds in Lease Accounting?Summary: Hi, Can I know the possibility of handling Security Deposits and refund of the security deposit at the end of the lease agreement? Content (please ensure you ma…
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Is there any way that we can handle Loan Payments on Lease Accounting module?Summary: Is there any possibility that we can use lease accounting module to handle Loan Payments? As we have the interest and amortization calculations as well? If poss…
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Recommended approach for making one-time adjustments to Lease Liability for migrated leasesSummary: Recommended approach for making adjustments to Lease Liability for migrated leases Content (please ensure you mask any confidential information): We have loaded…Janelle Azimullah-Oracle 15 views 2 comments 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting -
Can we use Revenue lease feature without enabling Receivables IntegrationSummary: Our Client normally creates an Advance invoice even before the creation of Lease Agreement and before the expiry of existing lease. The existing functionality o…
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Add prefix/starting value for Invoice ID for lease accounting invoicesSummary: We found that when we run payments to create lease accounting invoices, Oracle will sometimes create invoice_IDs in the interface tables that are already in tha… -
Is Lease Accounting able to handle Software Leases?Our current client has a handful of software leases that we are trying to include in the implementation. It seems that property leases and software leases have similar m…
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when payment date is earlier than lease start date, how to handle this case?Summary: when payment date is earlier than lease start date, how to handle this case? for example, Lease Start Date: 20/09/2022 Lease End Date: 19/09/2024 Payment Start …DL003 4 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting
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cannot find any default segment codes for Manage subledger journal entry rules setsSummary: Why cannot find any segment rule values for Manage subledger journal entry rules sets? For example, company codes…etc. pls help advise Content (please ensure yo…
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is there a Report for showing revenue lease invoices each month?Summary: is there a Report for showing revenue lease invoices each month? Content (please ensure you mask any confidential information): Version (include the version you…
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Update CCC with an identifier whether the question relates to Expense Leases or Revenue Leases?Summary: Asking for an enhancement to CCC to be able to identify CCC posts with Expense Leases, Revenue Leases, common configuration Content (please ensure you mask any …
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Scheduled job to apply before BIP output in LA moduleHi team, For BIP output in FA, applying "Extract Assets Reporting Data" scheduled job is necessary. Are there any scheduled job to apply before BIP output for LA module?… -
How to change short term liability calculationSummary: On document 2934738.1, there is mention of PV calculation vs interest reduction method. How do you change the methods in Oracle? Also, can you confirm that PV m…
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GASB 87 compliance for Lease Accounting moduleSummary: Our client is a public sector entity and they need to conform to the GASB 87 compliance for their leases. Does Oracle Lease accounting support GASB 87 complianc…
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payment schedule is JUL-24 but AR invoice accounting period is Jun-24Summary: The AR transaction date is same as Jul-24 but Accounting date is still Jun-24 in AR. Can the Accounting date same as transaction date? Or same as its lease paym…
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Can Lease Accounting handle Intercompany transactionSummary: Can Lease Accounting handle Intercompany transaction Content (required): One of the requirements from our client is the ability to handle intercompany transacti…
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Forex Lease Accounting for Termination is happening at termination date exchange rateLease Booking Exchange Rate = 4 Termination Date Exchange Rate = 3.5 HI All, We have booked new lease at 4 Exchange Rate and ROU and lease liability is caluclated at tha…
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Mapping account segment to asset locationSummary: In Mapping Sets, we're trying to derive an account segment from the lease asset location. We're not finding the location under lease accounting sources. Any ide…
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Can lease payment be initiated from lease accounting instead of AP?Summary: Can lease payment be initiated from lease accounting instead of AP? Content (please ensure you mask any confidential information): Version (include the version …
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Lease Transition capability as per Ind AS 116 and Security deposit recording as per Ind AS 109Summary: Leases: Transition capability/ working as per Ind AS 116 and Security deposit as per Ind AS 109 Content (please ensure you mask any confidential information): A…
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is there any calculation logic for Revenue Lease Detail Report?Summary: is there any calculation logic for Revenue Lease Detail Report? Content (please ensure you mask any confidential information): Version (include the version you …
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What are the lease accounting job rolesSummary: what are the lease accounting job roles Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable… -
COA Mapping required in LASummary: We have Subledger level conversion setup from Primary to Secondary Ledger, difference in PL to SL is the Account Segment Value Set ..i want to understand do we …
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Sub LeaseSummary: Does the current product support Sub Lease Content (required): Customer has a business scenario of Sub Lease, can we implement the same i.e., can we map the sub…
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accounting entries for reclassification of leaseAt what point is the reclassification of finance leases from long-term to short-term liabilities? Is there an accounting entry for this? Thanks!
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Could we run lease reports by intercompany flag?Summary: We need to run lease reports (lease liability, disclosures etc.) by intercompany and non-intercompany leases for various tasks. Even though we have flagged all …