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Back Dated Terminations Not Creating Accrual In The Month Of Termination (Doc ID 2580428.1)

Last updated on AUGUST 23, 2019

Applies to:

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

Symptoms

On : 12.1.3 version, IFRS Compliance

ACTUAL BEHAVIOR
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Terminated a transitioned lease which has a booking event on 01-Jan-2019 and terminated with ACD and termination as 28-Feb-2019.

-After termination, system created termination month accrual entry is incorrect, accrual journal got created for small amount which is not agreeing to lease detailed report after termination

-Lease expense calculation on termination period is not accurate. Used formula mentioned Oracle to calculate lease exp. and to reconcile but still couldn't match the number (Lease expense = remaining cash / no. days in that month * (no. days in that month -1)).

Cause

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In this Document
Symptoms
Cause
Solution
References


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