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Clarification for Deposits in FLA (Doc ID 2840611.1)

Last updated on JANUARY 28, 2022

Applies to:

Oracle Fusion Lease Accounting - Version 11.13.21.07.0 and later
Information in this document applies to any platform.

Goal

User pays the deposits (Advance) and created one deposit with discount rate 8.34.

Generated below accounting entries.

Event Class- Lease Expense
Asset DR
Liability CR
Event class - Lease Expense
Amortization DR
Accumulated Depreciation CR

Why the Interest Expense is generated?
 

Solution

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In this Document
Goal
Solution


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