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Lease Accounting
Discussion List
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Interest Calculation on Quarterly basis not monthly basis in Lease accountingSummary: Interest Calculation on Quarterly basis not monthly basis in Lease accounting as Payment is on Quarterly Basis. But Schedule is calculating interest in Schedule… -
Requirement to Create asset with amortization start and end date different than Lease term.Summary: Our Client has a requirement where has to create the lease term With Amortization Start date and End date (Asset Amortization to have end date different than th…
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Are any customers experiencing issues amending a lease after 24D applied?Hello Lease Accounting community, Is anyone experiencing any issues amending a lease after 24D was applied in production? When we go to do a scope increase, we receive t…
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Using budgetary control with lease accountingGood day is there any integration between lease accounting and budgetary control? Regards
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What is an Accounting implication of 'Intercompany' compliance in Payment tab while Lease Creation?Summary: I want to understand if we consider to checkbox for Intercompany option under Payment tab while creation of Lease, what will be the impact on Lease Accounting? …
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How to defined the system Reclassification Effective from Date in the system options setup?Summary: The system defined a Reclassification Effective from Date, but i do not know how Content (please ensure you mask any confidential information): Version (include…
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ARO asset is crediting Lease Clearing accountSummary: Hi, We are leveraging the lease functionality for ARO assets - when we convert the ARO asset via FBDI the full amount is debited and then the credit is split be…
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Bussiness Unit parameter LOV is not coming in 'Process properties and Revenue Lease Actions' processHi, 'Process properties and Revenue Lease Actions' process has Business Unit parameter, but the parameter LOV is blank and not showing any of the business units we have.…
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Parallel approval for lease accountingSummary: Parallel approval for lease accounting not working as expected. Requirement: Supervisory Hierarchy and Approval Group. Once the Manager of the lease creator app…
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Currency Conversion rate: Separate conversion rate for primary and secondary ledgersSummary: We need different currency conversion rates for Primary and secondary ledgers. Content (please ensure you mask any confidential information): Version (include t…
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How advance payment in oracle fusion lease accounting can generate invoice in Accounts PayableSummary: Business has a scenario of having paid in advance the lessor aside from the monthly payment on a particular property lease. Content (please ensure you mask any …
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Can someone provide me Configuration book and test scripts for lease accounting?Summary: Can someone provide me Configuration book and test scripts for lease accounting? I tried updating in few posts but unable to get it Content (please ensure you m…
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Merge property units in lease accountingGood day, if I have a requirement to merge units in a defined property and adjust the size of that merged unit and maintain the history for that units How can I do that?…
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why lease accounting tab is not visible in home page in oracle fusion ??Summary: Content (please ensure you mask any confidential information): NOTE :i did all the required setups but still can't see the leasing tab in home page Version (inc…
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Is it possible distribute the payment approval in the accounting periods?Summary: Hello, the users need to distribute the payment approval in the accounting periods. Is it posible? Content (please ensure you mask any confidential information)…
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What's the difference between these two liability reclassification methods?Summary: What's the difference between these two liability reclassification methods? Content (please ensure you mask any confidential information): There are two liabili… -
Do we have a roadmap to bring in the feature to update Lease Classification post Lease Amendment?Summary: We have a requirement to be able to edit Lease Classification post lease Amendment, like changing an operating lease to finance lease by purchasing the asset wi…
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Short- Term liability for Migrated LeaseSummary: I have created a lease with migration date 1 July 2024 along with the opening ROU and defining the payments. The system is classifying the short term based on t…
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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… -
Cancelling Lease Invoice InquirySummary: Hi! We currently have an issue wherein the Process Expense Lease Payments has generated 2 AP invoice upon export. These 2 invoices seem to be a duplicate. Howev…
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Unable to configure Lease approvalSummary: I was able to configure Lease approval but not working as expected. I want to use Approval group and Supervisory but whenever user create lease it is showing as…
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How to migrate the Operation Lease with the multiple schedule payments with the interest rateSummary: Hi There, An operation lease has existed in the client's current system since July 2017. The Total lease term is 124 months, and the interest rate is 3.5%. The …
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Customers on lease accountingGood day, While am creating a new lease accounting the system will ask for the customer's name, and then while creating the payment under the same lease the application …
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how to create a Lease retrospectively, or backdate a LeaseWe've been trying to use the Fusion Lease Module and are struggling to see how to create a Leae retrospectively or backdate it, can anyone help?
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Lease Disclosure ReportSummary: I need to know what formula is used in the Standard Lease Disclosure Report for Section 4 in order to calcualte figures of below two rows Weighted Average for R…
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Lease Disclosure ReportSummary: I need to know what formula is used in the Standard Lease Disclosure Report for Section 4 in order to calcualte figures of below two rows Weighted Average for R…
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Default proration method to 360Summary: While setting up the lease system option, we have set Amortization Calculation Frequency as Periodic Amortization. As such while creating the lease we have the …
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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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Lease Accounting calculation basis PL or SL calendar?Summary: We have a ask to have separate calculation calendar for primary and secondary BU. Can you help us with the feasibility of it in Oracle Lease Accounting? In case…
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How to 'sweep' lease transactions to next periodSummary: In payables, we often have invoices that get stuck in unaccounted or partially accounted each month. For those Oracle provides for a 'sweep' functionality so th…