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Getting Error "You Must Enter Either Daily Or Periodic As The Amortization Frequency" during Lease Accounting Configuration Import (Doc ID 2727885.1)

Last updated on NOVEMBER 20, 2020

Applies to:

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


When attempting to import the zip file with Lease Accounting configuration,
the following error occurs.

Row Identifier: . Status: Warning. Message Code: FUN_FLACON_CALC_FREQ_ERR. Severity: . Message Text:
JBO-FUN:::FUN_FLACON_CALC_FREQ_ERR: <MESSAGE><NUMBER>FUN-720544</NUMBER><TEXT>You must enter either Daily or Periodic as the amortization frequency value for the business unit xxxxxxx.</TEXT><CAUSE></CAUSE><ACTION></ACTION><DETAILS></DETAILS><INCIDENT></INCIDENT></MESSAGE>

The issue can be reproduced with the following steps:

  1. go to Setup and Maintenance > Select Financials > Fixed Assets > Task: Manage Lease Accounting Configuration > From Actions > Export to CSV > Create New > Check Export only Template files > Submit > Download files from Ready for Download > save zip locally.
  2. fill in the zip with csv files for Lease Accounting implementation.
  3. load it in the application
  4. import goes into error

The issue has the following business impact:
Due to this issue, users cannot implement the Lease Accounting product.


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