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ER - 30109244 Back Dated Revision Accounting Entries Are Incorrect (Doc ID 2589134.1)

Last updated on OCTOBER 26, 2020

Applies to:

Oracle Property Manager - Version 12.2.4 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.4 version, IFRS Compliance

ACTUAL BEHAVIOR
---------------
System has generated Reserve account while performing a back dated Amendment

EXPECTED BEHAVIOR
-----------------------
Expect that the reserve balance should not get generated when back dated revision is done
STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Navigate to property Manager
2. Perform an amendment and add a payment term with back dated ACD
3. The revision event generated has reserve account / stream generated

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, the reserve account is getting hit even after the transition
which is not in line with accounting standard

Cause

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In this Document
Symptoms
Cause
Solution
References


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