Category 582
Discussion List
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Lease Accounting - How to reverse a LeaseI have a lease I need to back out. I understand that once it is in that there is no way to truly reverse it. Wanted to see if the group knew of a way to do this or if th… -
Lease Accounting Reports Required for Month-End CloseSummary: Which of the following reports must be ran at the end of the period in order to populate Lease Accounting tables? When creating an integration to ARCS, it was o… -
Unable to edit fields in Lease Asset, Lease Start Date and Amount fields.Summary: Client requirement is update the lease asset fields are Lease Start Date and Amount, but unable to do that. Content (please ensure you mask any confidential inf…
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maintenance of properties in lease accountingSummary: I have a question regarding the maintenance of properties in lease accounting. If we only maintain expense leases and not revenue leases for properties, what is…
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Asset LocationSummary: How can you change the asset location of an active lease? And what type of amendment is needed to do this? Content (please ensure you mask any confidential info… -
Is there a Fusion Lease Accounting equivalent for the EBS Property Manager Variable Rent feature?Summary: The client is transitioning from Oracle EBS to Oracle Fusion Cloud and they have a lease management/administration requirement involving supporting the calculat… -
We have requirement to schedule the Quartz Program for Lease Details Report for every 5 minutesSummary: Hi Team, Requesting to help us in scheduling and enabling the Quartz program that runs the background for every 5 minutes and picks up all the booked leases and…
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can have a clarification on option typesSummary: can have a clarification on option types? and what will be changed or impact if select below option type? ◦ Allowance ◦ Bargain Purchase ◦ Construction Warranty…DL003 12 views 4 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Lease Accounting
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We have a requirement for asset retirement obligation use case from client side.Summary: We have a requirement for asset retirement obligation use case from client side. Please help in suggesting the solution with configuration and process in lease …
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Lease cancellation & accumulated amortizationSummary: When Option cancellation Accumulated Amortization also need to be reversed. Content (please ensure you mask any confidential information): When Option cancellat… -
What is the functionality behind the 'Rate Adder' field?Summary: Rate Adder field? Content (please ensure you mask any confidential information): Trying to find information on the Rate Adder field. What is its intended use/fu…Janelle Azimullah-Oracle 33 views 2 comments 0 points Most recent by Bianca Danila-Oracle Lease Accounting -
when will default account "accrued liability" and "right of use adjustment loss" used?・Content : Lease Accounting module has default account "accrued liability" and "right of use adjustment loss". In which accounting method and event/process will these d…Shogo Ito-Oracle 56 views 3 comments 0 points Most recent by Muhammad Faran Khan-Oracle Lease Accounting -
Asset Register for Revenue and Expense LeaseSummary: For Expense Lease, assets should not be added in Fixed Asset Register because in Lease Accounting module, it can already handle the depreciation For Revenue Lea…
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Formula for Amortized Liability Balance Method for Lease Liability Reclassification (24C feature)Summary: 24C Feature - Amortized Liability Balance Method for Lease Liability Reclassification Content (please ensure you mask any confidential information): Please prov…Janelle Azimullah-Oracle 12 views 1 comment 0 points Most recent by Janelle Azimullah-Oracle Lease Accounting
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Assets in terminated Contract not availableHI Dears When Terminated Revenue Lease Contracts, Assets in terminated Contract are not available again for a new revenue lease Contract, what is the recommended action …
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Ability to Renew Lease with next date and Version and not as an AmendmentSummary: Ability to renew a lease not as an amendment process Content (please ensure you mask any confidential information): Renewal of a lease is created as an amendmen…
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How to create Short term revenue leases with frequency less than monthOur Client has a business requirement to create short term leases for their Hostel facility with a term of 1 week or sometimes daily. Is there any feasibility to create …
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Managing Lease Schedules by Category for Reporting PurposesSummary: Need to maintain separate lease schedules by category for reporting in Lease Accounting. Content (please ensure you mask any confidential information): We are r…
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Ability to update payment schedule after lease end dateBusiness has a scenario where Lessee/Tenant Overstays in the premises. They want to update this payment information into lease without extending the lease term after the…
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query to retrieve lease detailsSummary: need to extract some Lease Details like the Location Content (please ensure you mask any confidential information): from the existing Leases, I need to know the…
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How Lease Liability on Terminated Leases Is CalculatedSummary: How Lease Liability on Terminated Leases Is Calculated. We are using separate accounts for long term liability, short term liability and lease liability on paym… -
Lease Accounting - French LocalizationSummary: @rekha pillay-Oracle In Oracle Fusion Lease accounting, we have capability to have accounting as per IFRS and GAAP (ASC). But there are certain scenarios where …Aditya Laxmikant Sharma 11 views 1 comment 0 points Most recent by Rekha Pilay-Oracle Lease Accounting
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Oracle fusion Lease accounting requirement for ASC842 USGAAP standard for migration leasesSummary: Oracle Fusion lease accounting module question :- ( Not Lease asset module) 1)USGAAP for Secondary books requires us to upload the values separately as the Prim…
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how to change Location in LeaseSummary: the Location in use by a Lease, can it changed with an Amend? it seems not able to do that, why? can I have a query to get the Location for each Lease, since no…
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Rent incremental by 2% every yearSummary: Abu Dhabi Ports enters lease agreements for 50 years where rent is to be increased 2% annually. How do I create payment schedule for this in Lease Accounting mo…
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Reserve Balance on RemeasurementSummary: @rekha pillay-Oracle When we are extending the lease and adding a new payment, in the revision entry, there is a difference between ROU and Liability which shou…Aditya Laxmikant Sharma 22 views 1 comment 0 points Most recent by Bianca S -Oracle Lease Accounting
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''Generate Lease Transactions and Balances Report'' not able to select period less than 12 monthsHi Team, In Lease Accounting, Leases→''Generate Lease Transactions and Balances Report'' when we run this report, we not able to select period less than 12 months. any h…Kalpesh Salunke-Oracle 43 views 7 comments 0 points Most recent by Kalpesh Salunke-Oracle Lease Accounting
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Lease Option FunctionalityWe created an expense lease from 1 Jan 2022 - 31 Dec 2023. Recorded an Option for expansion of lease with the start date of 1 Jan 2024 and end date of 31 Dec 2025. When …
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Accounting Entries for Lease Amortization, Asset Addition, Termination, and Changes in PaymentsSummary: Seeking guidance on the accounting entries for monthly amortization, finance cost, new lease asset additions, asset terminations, changes in monthly lease payme…