What Is The Solution In Fixed Assets Leases For Restoration Costs, Early Termination, Variable costs and Quiet Period (Rent Free Period)
(Doc ID 2722765.1)
Last updated on MARCH 17, 2022
Applies to:Oracle Fusion Assets Cloud Service - Version 11.13.20.07.0 and later
Information in this document applies to any platform.
What is the solution in Fusion Fixed Assets Leases for:
1) Restoration costs
2) Early termination
3) Variable costs
4) Quiet Period (rent free period)
capturing restoration costs
5) What is the treatment if original contract of the "Leases" is in a currency different from the local one.
Since According to the norm IFRS16, the cost of the asset leasing is calculated in local currency and the liabilities leasing in the source currency of the leasing (foreign currency)
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