Lease Classification automatically changes from Finance to Operating when increasing Lease Term

(Doc ID 2385487.1)

Last updated on APRIL 12, 2018

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.17.11.0 and later
Oracle Fusion Assets - Version 11.12.1.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
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Change in Financial Terms of Lease causes a change in lease classification from 'Finance' to 'Operating'.

EXPECTED BEHAVIOR
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Increasing lease financial terms should have no effect on the lease classification.

STEPS
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The issue can be reproduced at will with the following steps:
1. navigate to Manage Leases
2. select asset book
3. click on the arrow next to the lease which one wants to edit
4. select Change financial terms
5. change one term and save

The Lease Classification will change from 'Finance' to 'Operating'.


Cause

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