Leased Assets
Discussion List
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Asset Transfer Between Asset BooksSummary: transfer book for an asset Content (required): hi, I have an asset whose reference book I would like to change. my question is when is it possible to do this? D… -
Unable to find Business Unit in Lov of Leases in Lease AccountingSummary Unable to find Business Unit in Lov of Leases in Lease AccountingContent We are trying to implement Lease Accounting Module. After enabling offering, module for …
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Lease accounting in Asset ModuleSummary: Is it possible to adjust leases after generating the invoices? Content (required): User generated the invoice for the current month lease payment but it should …
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you can't enter amortized adjustments for this bookSummary: Content (required): Hi, i created the assets and uploaded them to the system correctly. When I then try to post them, the assets will go into "Exceptions", with…
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re-opening a periodSummary: re-opening a period Content (required): hi, is it possible to reopen a period closed in FA? maybe generating a concurrent? thanks Version (include the version y…
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Asset not appearing in Retire Assets pageSummary: User wants to retire an asset, but it is not found in the Search section when the Corporate book is selected. Other info: The asset is available on the Retire A…
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Change Serial NumberSummary Change Serial Number for warranty itemsContent Hi There, We have a case that some of our assets (under warranty) when it gets defected the supplier is replacing … -
Rent Free Period in Fusion Asset LeaseSummary: Dear Experts , We have a question relating to the Asset lease accounting in Oracle. We have just renewed our property lease. As part of the renewal we get a 3 m…
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how to track fixed assets in inventory?Summary: how to track fixed assets in inventory? Content (required): Our business has a requirement where they want to track (only quantity tracking) the fixed asset in …
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Transfer Lease from one corp and tax book to another corp and tax bookSummary: How would I go about transfering a lease and its associated asset from one corp & tax book to another corp & tax book on a different ledger? Content (required):…
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Implementing Lease Accounting - Unable to Activate a LeaseContent We are in the process of implementing Lease Accounting. I am able to validate a lease, generate the payment schedule but NOT able to activate the lease. Lease> A…
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Asset Lease Extendable term accountingSummary: Dear Experts , We want to setup lease is for 10 years with a break option at year 5. Under IFRS16 guidance we interpret that we only show the non-cancellable te…
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What is the effect of setting asset "Category Type" and "Ownership" as 'leased?Summary: Content (required): Hi All, When setting up asset categories, what is the effect when we setup asset Category and owned type as leased? Is there any financial e… -
2 year in advance lease set upSummary: Can anyone provide guidance on how to set up a 2 year in advance lease? 24 months Monthly In-advance $1,000 payment/month 1% interest rate Content (required): V…
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Can "Track as Asset" coding be bypassed for specific accounts?Summary: We use the Lease functionality with the Fixed Assets module. In our Chart of Accounts, the four Lease Clearing accounts have Account Type = "Asset". From my und…
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WHY DOESN'T THE GL RECORD ITS ENTRIES IN LINE WITH THE AMORTIZATION SCHEDULE?Summary: Content (required): See attachment Version (include the version you are using, if applicable): Oracle Cloud Code Snippet (add any code snippets that support you…
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Add Backdated Lease assetSummary: Dear Experts, We are planning to use Lease Functionality and would like to add backdated Finance lease assets in system, request you to please let us know how w…
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Operating Lease - Lease ExpenseSummary Operating Lease - Lease ExpenseContent Operating Lease: In an operating lease under IFRS 16 both interest and depreciation are charged to P&L. In comparison of o…
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Lease dates are in Mid of period but invoices have to be generated at the end of the period (IFRS 16Summary Lease dates are in Mid of period but invoices have to be generated at the end of the period (IFRS 16)Content Hi Team, We are having below lease details where lea…
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IFRS 16 Lease entry with Incremental Lease rentSummary IFRS 16 Lease entry with Incremental Lease rentContent Hi Team, Business has a lease agreement where the lease rent are increasing by 3% every period. Lease asse…
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Change Lease Interest Expense Account coding for ONLY specific LeasesContent We have a few leases in our Assets module and only 1-2 need to have their Lease Interest Expense accounting changed to something else. Is there a way to change d…
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How to delete an asset with Change in Cost Bonus rule tagged to the asset?Summary How to delete an asset with Change in Cost Bonus rule tagged to the asset?Content Hi Experts, Any suggestions on "How to delete an asset with Change in Cost Bonu…
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What-If analysis report calculating the new depreciation wrongly for NBV methodSummary What-If analysis report calculating the new depreciation wrongly for NBV methodContent Hi Experts, I ran the What-if analysis report for the given asset. Asset C…
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Formula Method with NBV gives wrong depreciation amount calculationSummary Formula Method with NBV gives wrong depreciation amount calculationContent Hi Experts, I have an asset cost $237483.76 and Reserve $13211.51 i.e. NBV = $224,272.…
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Update Tag number for assetSummary Update Tag number for assetContent Dears, After added an asset, How can i update tag number for this asset? thanks
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Create Accounting Entries for One Time Payments for New LeasesSummary Create Accounting Entries for One Time Payments for New LeasesContent Hi All - We are using the Fixed Assets module for our leased asset accounting. We entered i…
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Unable to activate a LeaseContent Hi Team, I have created a lease, validated it then generated schedules too, the last step is to activate leases, but I am unable to activate the lease since that…
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How can i get DFF field in the Formula based Depreciation Methods?Summary How can i get DFF field in the Formula based Depreciation Methods?Content Hi Experts, I am trying to derive the depreciation rate based on the Descriptive Flexfi…
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Leases calendar different from accounting/fixed asset calendarContent Hello, My client is new to Oracle Fixed Assets and noted they use a monthly calendar for leases while using 4/4/5 for accounting and regular fixed assets. Mainly…
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Possible to update recurring payments on lease assets once lease expenses have been generatedSummary Is it possible to update the recurring payments (amounts and/or number of payments) once lease expenses have been generatedContent Client has a large number of l…