Transfer And Assumption Giving A Period Error

(Doc ID 2327655.1)

Last updated on NOVEMBER 13, 2017

Applies to:

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

Symptoms

On : 12.1.3 version, Lease Authoring

When attempting to activate the new contract in a Transfer and Assumption,
the following error occurs.

ERROR
-----------------------
The date you entered is not in an open accounting period. Open the period in the Accounting Periods screen.Error while retrieving common accrual information.


STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Attempt to activate the new contract in a Transfer and Assumption.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot transfer this contract.

Changes

In the case where this issue was identified the Primary Product and the Reporting Product had different Streams listed in the Accrual Streams tab of the Product Setup page.  The Streams listed for the Primary Product were also listed as Accrual Streams on the Reporting Product, however, there were additional streams listed for the Reporting Product that were not defined to accrue for the Primary Product.  All streams for both products had been accrued as expected during the contract's life.  

Cause

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