Questions on Oracle Fusion Lease (Doc ID 2524024.1)

Last updated on MAY 31, 2023

Applies to:

Goal

Customer have 3 questions relating to how lease assets are calculated and how to add legacy lease and assets that have payments/depreciation already recorded.

QUESTION 1: How is the system calculating the interest payments for a lease asset with the following scenario:
  - Term = 5 months
  - Payment schedule periodic
  - Payment amount = 1000
  - Interest = 5%
  - One time payment of $800

QUESTION 2: How should the lease be correctly configured so that payment schedules of only remaining months is calculated for migrated lease assets that already had prior payments, paid?

QUESTION 3: Similar to question #2 but how to create legacy lease and associate legacy asset to the lease, where both the lease and asset has payments and depreciation, already taken?
 

Solution

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