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Lease Accounting
Discussion List
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Are we able to delete a lease that was entered incorrectly?we need the ability to delete a lease that was entered incorrectly. Is this on a future release roadmap? -
What is lease invoice numbering nomenclature?Summary: We need to understand lease numbering nomenclature of how it is automatically processing the number, and any way we can change it? Content (please ensure you ma… -
what activities will trigger the accounting entries for Lease Revision event?Summary: what activities will trigger the accounting entries for Lease Revision event in version 24B? Content (please ensure you mask any confidential information): Vers…
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When Revenue will be recognized in the books of lessorIn Case of Revenue Lease, we are getting the below accounting entries In Lease accounting Module Receivables clearing DR Accrued Asset CR In Receivables Module Receivabl…
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Unable to update Lease Management System OptionsSummary: Unable to update Lease Management System Options - Initially we have enabled the Receivables Integration option as 'Yes' in Lease Accounting system options and …Sreekanth Uppala 42 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle
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How are customers migrating thousands of Leases with attachments?Summary: Data migration with attachments? Content (please ensure you mask any confidential information): I cannot see an option to upload attachments via the FBDI, and I… -
The lease amortization schedule is not extending till lease end dateI have created a lease with start date as 19/7/24 and end date as 29/6/34. I have created the asset and payments for the period. Then I have generated the payment schedu…
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can we import DFF values from Lease accounting module to AP moduleSummary: can we import DFF values from Lease accounting module to AP module Content (please ensure you mask any confidential information): Version (include the version y…
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how to change export to payables from no to yes when processing lease paymentsSummary: Can you select Yes on Export to Payables when processing Lease Payments after selecting No for a particular lease? Content (please ensure you mask any confident…
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How can we associate multiple Leases to each other?Summary: We have a customer requirement to group Leases together, e.g. multiple car hire leases grouped through a Master Hire Agreement. I have thought of some potential…
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Stub Payment Journal in Wrong periodSummary: Hi Team, We have encountered one scenario and need some clarification on the same. We have one lease which end dated on 31/10/2023 and then it was terminated. H…
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I can't see the leases I created in the Fusion lease accounting module. How can I resolve this issueI can't see the leases I created in the Fusion lease accounting module. How can I resolve this issue?
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Entering manual contingent increase that gets expensed off as per ASC842Summary @rekha pillay-Oracle Can you please share steps on how to record a contingent payment increase (thats adhoc)? Please see below scenario: Lease start date = 1-Aug… -
How to get complete revenue amortization details?Summary: we would like to know how to get complete revenue amortization for revenue lease. currently only revenue recognised is stored in back end tables and not the com…
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Use of these events and journal lines in Lease module.Hello, What is the general use of these events in Lease Module ? • Lease Booking • Lease Expense • Lease Revision • Lease Payments • Lease Termination In addition to thi…
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ASC842 adoption prior to Oracle implementationOracle go-live is November 2024, plan is to convert the leases from the client's current application. All the leases start dates are 2020 and ASC842 standard was adopted…Yana 21 views 1 comment 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle
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lease hold improvements and the right of the use balance? ASC842 standardHow does lease hold improvements get incorporated into the right of the use balance? (for 842 calculations)?
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adjustments and lease hold improvements for converted leases ( ASC842)How do the adjustments and lease hold improvements get incorporated into leases that we are converting from the legacy system? The adjustments and lease hold improvement…
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How can FLA module only account for Secondary LedgerHi Experts, Client use Primary Ledger to record before IFRS16 accounting entries, and Secondary Ledger to record IFRS16 journal entries now. Knowing that system can disa…
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What are the roles and privileges required to assign to lease user for creation of asset location?https://us.v-cdn.net/6034893/uploads/84Y2BHDXOU1D/roles-for-lease-location-creation.docx Summary: What are the roles and privileges required to assign to lease user for …
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Lease Transactions Approval and Import Approvals PreferenceIn our customer scenario all leases will be interfaced into Lease Accounting Module using FBDI. We want to understand if "Lease Transactions Approval" is set to "Enabled…
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How to identify leases which are send for approvalSummary: How to identify leases which are send for approval
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ROU and Liability check box is frozen after activation of Lease?Summary: Hi, We have created a lease with the ROU and Liability check box unchecked? Now we require to check those boxes as we need to add those cost to the ROU and Liab…
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List of attributes available for Lease Approval?Summary: What are the available attributes for Lease approvals? We also saw on another post the following is available from 24B but we are unable to see those attributes…
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Update Fusion Lease Contract status using APIsHi Team, We have a case for our customer that they have an external lease application which manage approval cycle between lessor and lessee and after the final approval …
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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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How to access following task pane activities of Lease Accounting from ESS Job ScheduleFollowing tasks or processes are accessible from Lease Accounting Task Pane only and cannot be submitted through ESS Job Scheduler as Action Type which appears is only "…
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Payables Integration is disabled with Yes value in System Option of Lease AccountingSummary: System Option in Lease accounting is not allowing to change the value to no for Payables Integration System Option. Do we need any role to edit this back to val…
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Is there any way that we can handle Loan Payments on Lease Accounting module?Summary: Is there any possibility that we can use lease accounting module to handle Loan Payments? As we have the interest and amortization calculations as well? If poss…
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lease accountingSummary: Trying to create OTBI report for Lease accounting, but could not find the subject area for lease accounting. Content (please ensure you mask any confidential in…