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option of "Annual Compounding" to avoid Amort variance between legacy and Oracle Lease Accounting

in Lease Accounting 3 comments

Summary:
Currently, our options are limited to using only the Daily Compound Interest rate in the lease module, with the choice between 'Periodic Amortization' and 'Daily Amortization' in System Options. However, both options result in a variance in amortization calculations between legacy and Lease accounting. We need the option of "Annual Compounding" to avoid variance between LeaseCalc legacy and Oracle Lease Accounting. Are there any alternative solutions you can suggest?

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Version (include the version you are using, if applicable):


Oracle Fusion Cloud Applications24B (11.13.24.04.0)

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