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 laterInformation in this document applies to any platform.
Symptoms
On : 12.2.4 version, IFRS Compliance
ACTUAL BEHAVIOR
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System has generated Reserve account while performing a back dated Amendment
EXPECTED BEHAVIOR
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Expect that the reserve balance should not get generated when back dated revision is done
STEPS
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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
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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 |