Lease Creation
Discussion List
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Automated Journal Entry For Reclassification of Lease Liability into Current & Non-Current Liabilitywe have to reclassify the lease liability into current and non-current liability. Upon following the procedure recommended to enable if from the "Manage Lease Configurat… -
Unable to view Exempt Expenses Accounting in the lease Module after running Process Lease AccountingSummary: Unable to view Exempt Expenses Accounting in the lease Module after running Process Lease Accounting having Process Type as Accrual. we are getting like "Events…
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Lease interest accrual as periodic compounding rate - 24D new feature - is not working accuratelyHi All, We have enabled period compounding method for leases as per 24 D upgrade. We have below scenario for lease. Lease start date - 02 March 2023 Lease end date - 01 …
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what's the use case of Accrued Liability account in lease accounting?Summary: What's the use case of Accrued Liability account in lease accounting? Content (please ensure you mask any confidential information): Version (include the versio…
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Unable to search for leasesSummary: Two questions: 1.I am unable to search for leases i created which are in Activated and working status. 2.Also is it possible to create a lease without adding as…
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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 create a Credit Memo for Revenue Lease ContractsSummary: Our customer is planning to use Revenue Lease. They have a scenario where Customer would be invoiced for 1 year rental. After that the customer pays only for 11…
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Do we have Lease Accounting Configuration workbook and Testscript ?Summary: Hello Team, i just wanted to ask if there is an already seeded CWB & Test script for Lease Accounting module. Content (required): Version (include the version y…Siddhant Aggarwal-Oracle 411 views 39 comments 2 points Most recent by Anshu Malhotra -Oracle Lease Accounting -
Can Oracle handle month-to-month (evergreen) leases? If so, how?Summary: We have instances where a lease contract has the option of going month-to-month (aka evergreen), where the payments will just continue on a monthly basis after … -
💡Lease Accounting: How to Create a New Role with Lease Contract DutySummary: How to create and use a new Role related to Lease Accounting Product. Solution: Please check the document attached. Note: For generating Lease Detail Report, th… -
Quarterly payment frequency but first payment not for full quarterSummary: I have a lease with quarterly payment frequency but the first quarter does not start on the first day, it should be prorated and the last quarter of the lease s… -
In lease accounting can we define different appoval cycles for create,amend, terminate leaseIn lease accounting can we define an approval cycle for creating the contract and define a different one to Amend the contract and define a different one for the termina…
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💡SLA setup for Lease Accounting (FLA) product on Oracle CloudSummary: In this document you will find a general overview and a explanation of the Subledger Accounting (SLA) setup for Fusion Lease Accounting. The document contains s…
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How to process prepay invoices for leases from lease module?Summary: We need a solution where invoices can be generated by lease module prior to the start date of the lease? For example , we have a lease that starts at 01-Jan-202… -
how do we mark the payments as paid in Lease AccountingSummary: If we are not interfacing to Payables, how do we mark the payment lines as paid in Lease Accounting? Does the payment status have impact in the amounts/liabilit…
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Oracle Lease Asset Number skippingHi, We are using Lease Asset Auto Numbering where the standard document sequence is in use. The first asset number generated as 1 and second asset 1001, and third 1002 a…
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Migration from Property Manager to Fusion Lease AccountingSummary: I have to migrate leases from property manager to fusion lease accounting. By following the approach suggested by the oracle, we migrate the leases with closing…
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When I create a lease in flag it as a migrated lease, what are the correct dates to use?Summary: My lease starts 1 Jan 2023 and I migrate the lease as at 31-Dec-2023, 1 Jan 2024. I create the lease with the proper term dates start date and end date as per t…
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How to keep a track of Individual Assets in Fusion Lease Accounting ModuleSummary: We are procuring 1,000 laptops through a lease using the Lease Accounting module under equipment lease. We understand that in FLA, we need to create one asset w…
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How expense leases with variable rental payments can be mapped in fusion lease accounting?Summary: I have a scenario at a client to process leases in the fusion lease accounting with variable rental payments. Payment frequency is monthly and rental payments a…
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Adding new Field in a standard screen (there is no Dff)Hello Community, I have a requirement in the Lease Accounting module. On the Review Properties screen , I need to add a new column to the table highlighted in red. There…
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Do we have a roadmap to bring in the feature to update Lease Classification post Lease Amendment?Summary: We have a requirement to be able to edit Lease Classification post lease Amendment, like changing an operating lease to finance lease by purchasing the asset wi…
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How do we handle the sub leasing scenarios in Oracle Cloud lease accounting moduleOur client is having subleasing scenarios where they sublease their leases during the lease life cycle. Oracle doesn't provide a standard solution for this till now. How…
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PPM Integration with Oracle Fusion Lease AccountingSummary: PPM Integration with Oracle Fusion Lease Accounting Content (please ensure you mask any confidential information): There is a requirement to have PPM Integratio…
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Create setup role only for lease accounting module onlyCustomer has a requirement to create custom role which allows users to perform Lease accounting module setup related tasks, he should not access to other modules setups.…
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What is the purpose of the Reserve Account in Lease Accounting?Summary: In the expense lease payment templates a Reserve Account can be used. This reserve account is used in the Account combination rule 'Lease Reserve Account'. In t…
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what is definition for “completed” target status on column H on Lease FBDI import?Summary: what is definition for “completed” target status on column H on Lease FBDI import? Content (please ensure you mask any confidential information): Version (inclu…
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Migrated Leases - guidance on how to account for differences in Opening Lease Liability amountSummary: Migrated Leases - guidance on how to account for differences in Opening Lease Liability Content (please ensure you mask any confidential information): Currently…Janelle Azimullah-Oracle 75 views 5 comments 0 points Most recent by Alvaro Montenegro- Product Management at Oracle-Oracle Lease Accounting -
Migrating Leases with Gross ROU and Accumulated Amortization BalancesSummary: Many customers have raised a need to migrate leases with Gross ROU and Accumulated Amortization. FLA only takes net ROU today. In this paper, we share ideas to …Navin Gadidala-Oracle 134 views 17 comments 0 points Most recent by Muhammad Zarlash Financial Management Resource Center
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Why is a lease able to be classified as operating under IFRS16 in Oracle Fusion Lease Accounting?Summary: Reviewing the product and the implications of the new accounting standards supported in FLA to the lease accounting classification itself; can we clarify what w…