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JGAAP Short Term Lease (Doc ID 3038588.1)

Last updated on JULY 31, 2024

Applies to:

Oracle Fusion Lease Accounting - Version 11.13.24.04.0 and later
Information in this document applies to any platform.

Goal

 Currently Oracle schedule and JEs generated includes initial lease booking, liability amortization, interest expense etc., which should not be the case under JGAAP. The client expect a simple monthly straight line expense. Similar to AP entries - Cr. Accounts payable and Dr. AP Clearing (and a Cr. Cash, Dr. Accounts payable, once the real payment is made)

Solution

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In this Document
Goal
Solution


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