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Lease Accounting
Discussion List
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When arriving opening lease liability Present value to be calculated from the 1st payment dateSummary: When arriving opening lease liability Present value to be calculated from the 1st payment date Content (please ensure you mask any confidential information): Wh… -
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…
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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 … -
Lease accounting - Revenue Leases accounting eventsI am creating a REVENUE Lease and no integration with Receivables. I have completed all the setups as mentioned in the implementation book. When Lease is booked, and Cre…
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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… -
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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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…
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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…
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Accounts payableSummary: It is possible to withhold payment of an invoice for not applying an advance payment? Is there any way to block an invoice due to a pending advance payment? Tha… -
24C - Switching to Amortized Liability Balance Method for Lease Liability ReclassificationSummary: Switching to Amortized Liability Balance Method for Lease Liability Reclassification Content (please ensure you mask any confidential information): We have a cu…
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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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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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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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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 …
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Accounting Configuration forLease Accounting Invoices inPayables Based on Lease and Property DetailsHi All, We are doing POC on - 23C - Accounting Configuration for Lease Accounting Invoices in Payables Based on Lease and Property Details. We were referring oracle note…
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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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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…
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Steps to amend the Start Date of an Active LeaseSummary: Steps to amend the Start Date of an Active Lease Content (please ensure you mask any confidential information): My customer has the occasional scenario where th…
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How to add new account name to payment templateSummary: We need account names added to our payment templates that are not available in the drop down. Can new names be added to a value set or lookup so that they're av… -
how to deactivate discount rate index in lease accounting setupOrganization Name (Required - If you are an Oracle Partner, please provide the organization you are logging the idea on behalf of): UMNIAH Mobile Company Description (Re… -
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…
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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 use an Existing Property/Unit from Active Lease when End Date and Start Date are not overSummary: Ability to use an Existing Property/Unit from Active Lease when End Date and Start Date are not overlapping Content (please ensure you mask any confidential inf…
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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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Do we have any DFF's under Lease Payments tab in Fusion Revenue Lease AccountingFor one of our client requirements, we need to capture the Rent per unit for each payment lines. Do we have any DFF's under Lease Payments tab in Fusion Revenue Lease Ac…
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Use additional fields to store Offset ROU and Liability ValuesSummary: I am currently migrating 1000+ leases for a client. They are currently using Planon to keep track of their lease contracts and would like to have additional his…
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Amortization Start Date is not available for exempt lease in secondary ledgerSummary: I am facing an issue in using "Exempt" feature Oracle recently introduced in 24C release. Because of historical reasons we are maintaining two leases for the sa… -
IFRS 16 - Lease Accounting Module Oracle Documentation, Entries, WorkbookSummary: IFRS 16 - Lease Accounting Module Oracle Documentation, Entries, Workbook Content (please ensure you mask any confidential information): Need an oracle document…
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Lease Details Report Layout ChangeSummary: Change in the Lease Details Report layout? Content (please ensure you mask any confidential information): We have noted a change in the Lease Details Report lay…