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Questions About Lease Accounting Product (Doc ID 2751547.1)

Last updated on FEBRUARY 18, 2021

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.21.01.0 and later
Information in this document applies to any platform.

Goal

Need to clarify the following questions about new Lease Accounting module:
1) How do we generate actual payments in AP from the payments schedules generated for the Lease in the Lease Accounting module?
2) How do we find Asset that was created for the lease in the Lease Accounting module? Is it some how related to the Fixed Assets module?
3) What is the purpose of the Percentage Payment type ( for the lease) and why system allows only to enter certain amount for the distribution and not percent value?
4) Why system doesn't allow to enter assets with asset life more then duration of the lease contract?
 

Solution

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Goal
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