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Lease Accounting
Discussion List
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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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💡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…
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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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Why can't I select a Discount Rate Indexes?"Effective from" and "Business Unit" are in correctly, but some Discount Rate Indexes are not selectable when creating the lease agreement. If anyone knows why, please l…
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Guidance to Amend 'Operating Right of Use Amount' for migrated leaseSummary: Amend 'Operating Right of Use Amount' for migrated lease Content (please ensure you mask any confidential information): My customer has migrated leases with inc…
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25A Feature : Lease Amortization Schedules ExtractSummary: Clarification on 25A Feature : Lease Amortization Schedules Extract Content (please ensure you mask any confidential information): 25A Release Notes describe a …
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Best practice for AP invoices for vehicle leasesHi there, We are working to implement Oracle FLA, and are weighing up the pro's and con's of using the AP integration. We have a lease fleet of approximately 500 vehicle…
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How to generate an accrual event for a payment that's excluded from liability.Summary: Instead of immediately hitting lease expense, the user wants the liability-excluded payment to hit a prepaid account. This part seems relatively easy, as I can …
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Automated Journal Entry For Reclassification of Lease Liability into Current & Non-Current Liabilitywe have to reclassify the lease liability into current and non-current liability. Upon following the procedure recommended to enable if from the "Manage Lease Configurat…
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Amend Payment Amount or End Date Best PracticesSummary: It appears that Oracle does not allow for amendments to the payment amount or the end date. Can you advise on best practices around this? We do have instances w…
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what is the formula or calculation logic for lease revenueSummary: what is the formula or calculation logic for lease revenue? In lease details report for revenue lease, we can find the lease revenue column on Payment Amortizat…
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Unable to view Exempt Expenses Accounting in the lease Module after running Process Lease AccountingSummary: Unable to view Exempt Expenses Accounting in the lease Module after running Process Lease Accounting having Process Type as Accrual. we are getting like "Events…
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Unable to define "Property Type" having more then one 'Property Type Level' available for Leasing.Summary: We need to define a "Property Type" having multiple 'Property Type Levels' and ALL the 'Property Type Levels' should be available for Leasing. E.g. : Property-T…
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Lease interest accrual as periodic compounding rate - 24D new feature - is not working accuratelyHi All, We have enabled period compounding method for leases as per 24 D upgrade. We have below scenario for lease. Lease start date - 02 March 2023 Lease end date - 01 …
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Debit Memo on Lease Termination but not credit memoSummary: When there is an amendment made in leases for early termination of lease, a contraction line created with negative value and when the payment are flowed to AP, …
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In leasing my processes no longer appear after the 25A upgradeBefore the 25A upgrade, my processes appeared in the Process Expense Lease Payments menu and nothing appears anymore, attached as it appeared before Saturday, February 2…
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what's the use case of Accrued Liability account in lease accounting?Summary: What's the use case of Accrued Liability account in lease accounting? Content (please ensure you mask any confidential information): Version (include the versio…
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Unable to search for leasesSummary: Two questions: 1.I am unable to search for leases i created which are in Activated and working status. 2.Also is it possible to create a lease without adding as…
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Creating Lease without AP Integration - Pros and ConsSummary: We are planning to implement Lease accounting and wanted to know some details before we can decide the best approach and industry standard to follow Do Oracle r…
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From Lessee Perspective: How to deal with rentals depending on sales Percentage?Summary: Hi, We have a scenario where we have a lease with the term of the higher of 4 % of the gross operating revenue during the year or $100,000 per annum. The lease …
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How to create a Credit Memo for Revenue Lease ContractsSummary: Our customer is planning to use Revenue Lease. They have a scenario where Customer would be invoiced for 1 year rental. After that the customer pays only for 11…
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Miscellaneous Payment in Lease Accounting Resulting Into Separate AP InvoiceHello All For electricity and CAM charges related to a leased property, we are using 'Miscellaneous Payments' feature in Lease Accounting. However, system is creating a …
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Do we have Lease Accounting Configuration workbook and Testscript ?Summary: Hello Team, i just wanted to ask if there is an already seeded CWB & Test script for Lease Accounting module. Content (required): Version (include the version y…
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How to terminate and create a new lease agreement ?Summary: Actually there is a lease which is already in progress however recently the lease contract is revised. Now business wants to terminate the last lease agreement …
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Can Oracle handle month-to-month (evergreen) leases? If so, how?Summary: We have instances where a lease contract has the option of going month-to-month (aka evergreen), where the payments will just continue on a monthly basis after …
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Reporting Lease balance in functional currencySummary: We are configuring the standard Lease accounting module for the customer and we need your help and support regarding the reporting of Lease accounting balance i…
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Lease Accounting – Separate Gain and Loss Accounts for TerminationCurrently, lease accounting termination gain and loss accounts should be different. However, under the payment template, we can provide only one SLA, which is not workin…
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Quarterly payment frequency but first payment not for full quarterSummary: I have a lease with quarterly payment frequency but the first quarter does not start on the first day, it should be prorated and the last quarter of the lease s…
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In lease accounting can we define different appoval cycles for create,amend, terminate leaseIn lease accounting can we define an approval cycle for creating the contract and define a different one to Amend the contract and define a different one for the termina…
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Access Lease Details Report dataSummary: Access Lease Details Report data for custom report Content (please ensure you mask any confidential information): hello There is a need to access the Lease Deta…
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How to process prepay invoices for leases from lease module?Summary: We need a solution where invoices can be generated by lease module prior to the start date of the lease? For example , we have a lease that starts at 01-Jan-202…
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On OPT-IN page there are 2 options to enable Lease Amortization Schedules Extract. Which one to use?Summary: In 25A, there is a new feature called Lease Amortization Schedules Extract. On New Features OPT-IN page there are 2 options to enable Lease Amortization Schedul…
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how do we mark the payments as paid in Lease AccountingSummary: If we are not interfacing to Payables, how do we mark the payment lines as paid in Lease Accounting? Does the payment status have impact in the amounts/liabilit…