My Oracle Support Banner

One-Time Payments and Lease Incentives in Oracle Leased Assets (Doc ID 2499062.1)

Last updated on JANUARY 25, 2023

Applies to:

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


Users are looking to implement Oracle Leased assets in the system but they need to be sure whether it is as per IFRS 16 guidelines effective from JAN-19. They have the below questions regarding the functionality. Could you please address the same?

1. How should users insert normal one-time payments?
For example the ones that are not recurring periodic lease payments but that still need to be included in a lease liability
and do not fall under any of the categories above currently available under one-time payments options?
- Advanced lease payment
- Initial direct costs
- Purchase price
- Residual value
- Termination penalty

2. Lease incentives:
How should users insert lease incentives in this tool?
Many lease contracts offer lease incentives, for example first 3 months for no payment or certain months during the lease period for no payment, etc. Should users simply insert them as 0 value payments?
Does that work in the tool?


To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!

In this Document

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.