Automatic Trigger Of The “prospective” Depreciation Flag In FA In A Rebook From OLFM

(Doc ID 1936145.1)

Last updated on SEPTEMBER 06, 2016

Applies to:

Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.


If we extend the lease term and/or change the residual value on an operating lease, FA recalculates depreciation retrospectively from the placed in service date and generates a current month adjustment. The proper accounting (for our circumstance) would be to reflect the change prospectively during the renewal period.

Ct would like the system to automatically trigger the ‘prospective’ flag in FA for all rebook transactions for operating leases flowing over from OLFM.

User is trying to review a contratc.
Rebook contract for extending the term.
Term changed to 30 from 24 on contracts and payments tab.

Depreciation on rebooked operating leases is incorrectly posted to the ledger.


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