Foreign Currency Lease Accounting Issue
(Doc ID 2984867.1)
Last updated on JULY 08, 2024
Applies to:
Oracle Fusion Lease Accounting - Version 11.13.23.07.0 and laterInformation in this document applies to any platform.
Goal
When you create a lease with monthly payment in HKD under a USD ledger, and the lease is booked and scheduled in HKD.
As scheduled, the lease liability account balance in HKD can be deducted to zero by monthly payment and monthly interest expense by the end of the lease term.
However, the lease liability account balance in USD will not be deducted to zero by the end of the lease term due to the conversion rate.
How is this foreign exchange difference is processed in Lease Accounting?
Solution
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In this Document
Goal |
Solution |