Need The Ability To Start Out Leases In Prior Periods
(Doc ID 2688601.1)
Last updated on JULY 08, 2020
Applies to:
Oracle Fusion Assets Cloud Service - Version 11.13.20.04.0 and laterInformation in this document applies to any platform.
Symptoms
On : 11.13.20.04.0 version, Leases
Need the ability to start out leases in prior period. We tried that and got an error.
ERROR
-----------------------
FA_LEASE_VALIDATION_FAILD
{LEASE_INTERFACE_ID}=300000002312049
fa_lease_amort_sch_calc_pkg.calc_monthly_interest
User-Defined Exception
fa_lease_amort_sch_calc_pkg.create_amort_sch
User-Defined Exception
FA_LEASE_GEN_INT_SCH_PKG.generate_amort_sch
User-Defined Exception
FA_LEASE_GENERATE_SCH_PKG.MAIN
User-Defined Exception
STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Add a lease:
Open period: Jun-20
Lease start date = 01/01/20
Non Cancelable Term = 12
Payment Frequency = Quarterly
Payment Option= In Advance
Lease Classification = FINANCE
Calculate Accrued Monthly Interest = TICKED
Periodic Payment of £125,398.00 on 01/04/20 and interest due on the 31/03/20
2. The 'generate lease schedules' process fails for leases that have a start date in the past (and when the calculate monthly accrued interest' is ticked).
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |
| References |