Accounting
Discussion List
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Is there a functionality in Fusion Lease Accounting to normalize lease revenue recognition?Summary: For revenue leases, our client requires the recognition of revenue to be normalized (fixed, straight-line recognition regardless of rental rate) Content (please…Redrax Santos 12 views 1 comment 0 points Most recent by Maria Mendoza - Oracle-Oracle Lease Accounting -
Can we change the interest calculation method from daily to monthly?Summary: Can we change the interest calculation method from daily to monthly? Content (please ensure you mask any confidential information): Can we change the interest c… -
Can we upload Manage Lease Accounting and Manage Payment Increase Configuration with FSM/FBDISummary: We have to upload Manage Lease Accounting Configuration and Manage Payment Increase Configuration. Is there any standard import way like FSM/FBDI for these two …
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SLA to change Payable Liability and Clearing accounts for AP integration from Lease AccountingSummary: Lease Accounting subledger provides access to following accounting classes: Booking, Expense, Revision, Termination, and Payment Approval. SLA rules work well f… -
Is it possible to post to seperate to accounts for Lease Impairment Expense and LiabilitySummary: Oracle Consulting Content (please ensure you mask any confidential information): Is it possible to post to seperate accounts for Lease Impairment Expense and Li…Janelle Azimullah-Oracle 13 views 3 comments 0 points Most recent by Janelle Azimullah-Oracle Lease Accounting -
Does Lease Accounting Support the Migration of Leases with existing Impairments?Summary: Customer is migrating leases with existing provisions for dilapidations. Does Lease Accounting support the Migration of Leases with existing Impairments? Conten…Janelle Azimullah-Oracle 14 views 2 comments 0 points Most recent by Janelle Azimullah-Oracle Lease Accounting
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Legacy to Oracle Lease Accounting ConversionSummary: Best practice, things to consider, guide on how to convert Lease Transaction from Legacy system to Oracle Lease Accounting for both Revenue and Expense Leases C…
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Sub LeaseSummary: Does the current product support Sub Lease Content (required): Customer has a business scenario of Sub Lease, can we implement the same i.e., can we map the sub…
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Lease Accounting solution when invoices which are sent in by the Lessor?Summary: Payables integration = No Content (required): In a scenario where the lessor directly invoices the lessee, what are the steps to ensure the accounting entries r…
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Migrated Lease Option Addition ErrorSummary: While adding options for migrated lease system giving us warning. Content (please ensure you mask any confidential information): Version (include the version yo…Muhammad Zarlash 31 views 1 comment 0 points Most recent by Maria Mendoza - Oracle-Oracle Lease Accounting -
Revenue Payment TemplateSummary: Looking for documentation on creating Revenue Payment Templates. Specifically, what are the functions of the Distributions; Accrued Asset, Receivables, Receivab…Neal Foley 56 views 9 comments 0 points Most recent by Maria Mendoza - Oracle-Oracle Lease Accounting
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The Short-term/Long-term accounts to be added for a Lease Payment Template setupSummary: Please confirm the list of accounts that should be on the payment template. The notes below were reviewed and none gave specific account types to place. We need…
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Capability to calculate depreciation and lease liabilities (Current and Non-Current portions)Summary: We have a requirement: Capability to calculate right-of-use assets and depreciation, lease liabilities (non-current and current portions) and lease expenses, am…
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What options are available to account for leases in local GAAP e.g Germany if not journalled?Summary: Our business has a significant number of leases that use local GAAP across Europe that are currently being maintained by manual lease schedules. It seems curren…
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How to record a provision for DilapidationsSummary: Dilapidations Content (required): We need to record a provision for Dilapidations against a Lease. The Payment Template does not permit me to enter a payment wi…Janelle Azimullah-Oracle 8 views 0 comments 0 points Started by Janelle Azimullah-Oracle Lease Accounting
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Revenue Lease Default DateSummary: When running Revenue Lease Payments -> Process Lease Payments and "Launch Import AutoInvoice" is selected with Yes, the Default Date in the Import AutoInvoice j…
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Configuration of Lease AccountingSummary: I have some questions surrounding the required Lease Accounting core system configurations 1. How do the Primary (ASC842) and Secondary (IFRS16) accounting stan…Sheila Alabrudzinski 51 views 1 comment 0 points Most recent by Maria Mendoza - Oracle-Oracle Lease Accounting -
Lease Accounting : Discount Rate Index Decimal PlacesSummary: Lease Accounting : Discount Rate Index Decimal Places Content (required): Lease Accounting : Discount Rate Index Decimal Places are rounding off to three decima…Rihan Jameel 77 views 6 comments 0 points Most recent by Shawna Green-Support-Oracle Lease Accounting -
When oracle is planning to introduce ADFdi spreadsheet for lease accountingSummary: Can you please suggest ? When oracle is planning to introduce ADFdi spreadsheet for lease accounting Content (required): Version (include the version you are us…Muhammad Zarlash 25 views 5 comments 0 points Most recent by Maria Mendoza - Oracle-Oracle Lease Accounting
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Accounting for Interest Payment for GASB87 and SFFAS54Under both the GASB87 and SFFAS54, it appears like 'Interest Expense' is the Interest Portion of a Payment. For example, if Payment Due Date is 01-Jan-23 for a Lease Sta…
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How can we add asset to lease accounting if business is purchasing the asset at the end of lifeSummary: How can we add asset to lease accounting module if business is purchasing the asset at the end of useful life Content (required): Version (include the version y…Muhammad Zarlash 16 views 2 comments 0 points Most recent by Alvaro Montenegro-Oracle Lease Accounting
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US GaaP Reporting for India Based LeasesSummary: US GaaP Reporting for India Based Leases Content (required): We have some leases in India for our India offices. These leases have been created in the India led…Abhishek Shukla 25 views 1 comment 0 points Most recent by Maria Mendoza - Oracle-Oracle Lease Accounting -
Lease Accounting for secondary ledger issue.We have two Business units, i.e., the US business unit and the India business unit, and two Primary ledgers were available for one US and another India. We created multi…
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What type of account should be Non-Compliance account?Summary: What type of account should be Non-Compliance Expense account? Content (required): We are creating new CoA structure with several new natural accounts for the i…
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Lease Accrual Accounting Date - how to changeSummary: When processing lease accruals the accounting date is defaulting to the last day of the month. We need this to be a different date (i.e. the day the accruals ar…
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Error/Warning message is : A conversion type is required for foreign currency journal line. Details:Summary: We are receiving error message when we ran Create Accounting for Lease Accounting. Error/Warning message is : A conversion type is required for foreign currency…
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Rationale for Item field required in creating equipment leaseSummary: We didn't have any requirement for "Items" but in creating equipment leases, item field is required. what is the rationale behind it? Content (required): Versio…
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Back dated lease payment, approvals and accruals get stuck in SLA if GL period is openSummary: Is there a setup for creating accounting period in lease accounting as there is in other Subledgers because back dated payment, approvals and accruals get stuck…