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 MAY 28, 2024

Applies to:

Goal

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?

Solution

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.