Loan Adjustment Accounting is Not Produced Correctly (Doc ID 1599367.1)

Last updated on AUGUST 24, 2016

Applies to:

Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

In R12.1.3:

Loan Adjustment Accounting is not produced correctly.

Steps to Reproduce:
There is a loan product with 4% subsidy.
A loan has been created and then you added an amount to the loan through an adjustment.
Accounting is fine up to this point.

Add a loan adjustment to a loan, which produces a four line accounting entry, all the same amount as the loan adjustment.

If the loan is adjusted as an increase of $11, then the accounting for that adjustment shows two different lines (loan receivable) with $11 going against the loan available balance.

The expected result would be one line entry of $11 to Loan Receivable and one line entry of $11 to Loan Payable for the adjustment.

Also you should see a line item against the subsidy account for .44 and you do not.

Cause

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