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Lease Accounting
Discussion List
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💡SLA setup for Lease Accounting (FLA) product on Oracle CloudSummary: In this document you will find a general overview and a explanation of the Subledger Accounting (SLA) setup for Fusion Lease Accounting. The document contains s… -
💡Migration to Lease Accounting: Lease Accounting Migration Tools and Best PracticesSummary: Migration to Lease Accounting: Lease Accounting Migration Tools and Best Practices Content: This document provides an overview of Lease Accounting migration too…
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💡New RELEASE for LEASE ACCOUNTING: Periodic Compound Interest Calculations in 24DSummary: Periodic Compound Interest Calculations in 24D and Later Releases Content: Lease accounting, in accordance with IFRS 16 and ASC 842, calculates the right-of-use…
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💡How To "Attach Lease Detail Report" On Multiple Leases?Summary: How to "Attach Lease Detail Report" on multiple Leases to change the Version Status from "Booked" to "Finalized"? Content: There is a quartz program that runs t…
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💡Formula to Calculate Opening Liability and IFRS 16 Right of Use Amortization in FLASummary: Users need details about the formula to calculate Opening Liability and IFRS 16 Right of Use Amortization in Lease Accounting. They are trying to replicate exis…
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💡Lease Accounting: How to Create a New Role with Lease Contract DutySummary: How to create and use a new Role related to Lease Accounting Product. Solution: Please check the document attached. Note: For generating Lease Detail Report, th…
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Straight-Line Amortization Issue – Periodic Method in Oracle Lease AccountingHello , I am currently implementing Oracle Lease Accounting and facing an issue related to the amortization calculation. Business Requirement: For Equipment Finance leas… -
Integration for Discount Rate Index?Summary: If I use the Rapid Implementation spreadsheet for loading Discount Rate Indexes, it produces an xml file to be loaded. IN what format, by what process can I loa…
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Straight line method for Finance lease accountingI am implementing Lease accounting. Client requirement for Equipment Finance lease Amortization should be calculated via Straight Line method. Can experts let me know ho…
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is there any setup for AR transaction type for revenue lease invoice?Summary: The oracle standard transaction type for revenue lease AR invoice is "ora_lease_invoice". We have 7 BUs in lease accounting module, like BU01, BU02…BU07. How to…
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Mass Locations Upload using HCM Data Loading Business ObjectsSummary: Mass Locations Upload using HCM Data Loading Business Objects How to load mass locations using HCM data loading. Upload via spreadsheet is disabled or removed b…
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how to set up a lease with shorter amortization time frame than lease termSummary: We have a lease that we pay $1000 each month of 5 years (60 payments). However, GASB rules require that we finish amortizing this lease at the end of 4th year b…
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What role is required to run Reports in Lease Accounting TileSummary: Content (please ensure you mask any confidential information): I created a custom Lease role by copying the seeded Lease Contract Management role. However, when…
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Mass Activation of Draft LeasesSummary: Is there anyway we activate multiple draft leases at one go ? Content (required): We have the requirement from one of the clients to activate multiple or mass a… -
Does Intercompany Revenue Lease Accounting Invoice Process Work?Summary: A new Revenue Lease has been created with an Intercompany customer. The Lease is approved, and finalized. When running Process Lease Payments for Revenue Lease …
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How Oracle Fusion can handle turnover rent in revenue lease moduleOur client have business practice for turnover revenue rent handling: In original EBS system there is a Breakpoint index maintaining, eg: Start Date | End Date | From | …
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Automatic Lease Classification in Oracle Fusion Lease Accounting?Summary: Does Oracle Fusion Lease Accounting provide any feature that evaluates the lease data (e.g., lease term, payments, economic life, fair value) and automatically …
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Lease liability calculation via simple interest method should be possibleDescription (Required): not able to calculate lease liability under IND AS 116 as per Simple Interest method. System is only calculating as per compounding interest meth…
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25D new feature -Lease Payments in ArrearsSummary: we have received a new feature in 25D release notes " Lease Payments in Arrears" is this functionality would work for new business units or existed Business uni…
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Tax Classification Issue in oracle fusion lease accountingi have an issue that i'm seeing that the Tax Classification field is populated with a value even though it’s supposed to be null in the Revenue Lease Payment Template. o…
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Why is General Accounting Manager giving full Lease Accounting access?Summary: We created a custom role called FIN Lease Inquiry, which is intended to be a view-only role. This role should provide inquiry access only and should not grant f…
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Journal Entries for Recoverable Tax When Lease Accounting Is Not Integrated with APSummary: Hi all, I have a question about the accounting treatment for Recoverable Tax when Lease Accounting (LA) is not integrated with AP. When I create a lease contrac…
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LA:Inquiry on Workarounds for Inventorying Lease Assets Using Lease AccountingWe are seeking examples of workarounds for conducting physical inventory of lease assets using the Lease Accounting module. If you have any proven approaches or case stu…
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Is running the Process Expense Lease Accrual required before Create Accounting?Summary: What is the impact of running the Process Expense Lease Accrual? Is it required before running Create Accounting? Content (please ensure you mask any confidenti…
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on a draft lease can the amortization end date be updated, whilst in draftSummary: Cannot update amortization end date in draft lease Content (please ensure you mask any confidential information): Created draft lease, lease end date was incorr…
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Why is the "plug" is considered to have an accounting class of "liability"?Summary: The "plug" is considered to have an accounting class of "liability" - do you know why this is the case? As the amount is a net debit in the entry, I would have …
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Created Lease in FLA, cannot see the asset mentioned in the asset tab in oracle fixed asset moduleSummary: Created Lease in FLA (Lease Accounting Module). But I cannot see the asset mentioned in the asset tab in oracle fixed asset module. Is there any way to transfer…
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Rent free period where there is a payment increase agreement in place - How to process?Summary: There is a requirement to have rent free periods for certain property leases. We can achieve this in a couple of ways, either add zero payment lines in to the p…
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How to use Product Fiscal ClassificationSummary: We're under the impression that we can populate Product Fiscal Classification on a lease contract and upon running payments, the value will feed to user defined… -
How to load leases with Negative Accumulated Amortization where Right of Use amount is in PositiveSummary: We have a client requirement to load migrated leases with a positive ROU gross amount and negative accumulated amortization. However, we are encountering an err…
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How does Oracle Lease calculate the Amortization Expense and Lease Expense?Summary: How does Oracle Lease calculate the Right-of-Use Amortization - Amortization Expense and Lease Expense? Content (please ensure you mask any confidential informa…
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How to change Interest calculation method at lease levelSummary: System Options, the “Interest Calculation Method” is set to “Periodic Compound Interest.” While creating new Lease, Proration Method field in the lease contract…
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How does Oracle Lease calculate the Closing Short Term and Closing Long Term Liability?Summary: How does Oracle Lease calculate the Liability Amortization - Closing Short Term Liability and Closing Long Term Liability? Content (please ensure you mask any c…
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Is there a timing issue between disclosure report and lease liability report?Summary: We sometimes see lease liability schedule variances between the disclosure report and the lease liability report. These variances seem to later resolve. Is ther…
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Can i amortize the revenue of the first year of the contract separated from the rest of lease periodDears, I am currently implementing Oracle Fusion Cloud Lease Accounting (Revenue Lease). We have a specific business requirement regarding revenue amortization that devi…
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SQL query from lease to GL SLA Tables for Lease Balances account wiseSummary: Need a sql query to get Lease Balances from GL. Need SLA Tables from leasing to GL Content (please ensure you mask any confidential information): Version (inclu…