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Prior Period Lease Interest: Why Lease With Past Date of Agreement When Entered In Current Period Does Not Account For Catch Up Interest From The Date Of Agreement? (Doc ID 2853988.1)

Last updated on MARCH 08, 2022

Applies to:

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


Lease with a past date of agreement when entered in the current month with that same past date does not account for catch up interest from the date of the agreement. However the ROU asset records catch up depreciation correctly. The system should also similarly record for catch up interest.

Why is this occurring?


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