Enterprise Planning and Budgeting Cloud Services (EPBCS) Strategic Modeling (SM) - 360 Day Interest In Debt Scheduler Is Not Calculating As Expected
(Doc ID 2763670.1)
Last updated on APRIL 14, 2021
Applies to:Oracle Enterprise Planning and Budgeting Cloud Service - Version 21.02.85 and later
Information in this document applies to any platform.
In Debt Scheduler, on the 'Interest' tab there is a button that gives you the option to use a 360 day interest convention. It defaults to 365 day if the button is unchecked. However, when this button is selected, the model still uses a 365 day convention.
Changing interest calculation based on 360 days instead of 365 days.
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