Lease Contract Pre-Tax Income Stream has Very Low Value for January and March
Last updated on DECEMBER 21, 2016
Applies to:Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Generate Streams
Find that after applying Patch 24528722:R12.OKL.B, the Pre-Tax income stream for any given asset on a Lease Contract contract shows strange pattern. For all the January and March in the given 5 year lease show a very low amount compare to other months.
e.g if a contract is booked from Jan 2016 to Dev 2021, Jan 2016, March 2016, Jan2017, March 2017, Jan 2018, March 2018 ...... until 2021 will have a very low value.
Expect similar values in all months throughout the years.
The issue can be reproduced at will with the following steps:
1. Apply patch 24528722:R12.OKL.B
2. Author a DF lease contract with one asset, 60 Month Term, Quarterly Payments
3. Validate / Price the contract
4. Review the 'Pre-Tax Income' stream details and notice the months of January and March having a very low income.
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