Interest Calculation Is Not Correct If Payment Term Has Negative Amount
(Doc ID 2650077.1)
Last updated on NOVEMBER 30, 2021
Applies to:
Oracle Property Manager - Version 12.1.3 and laterInformation in this document applies to any platform.
Symptoms
On : 12.1.3 version, IFRS Compliance
ACTUAL BEHAVIOR
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Interest amount calculated for negative payment term is incorrect
System is calculating / charging the whole cash amount as interest for each period
EXPECTED BEHAVIOR
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Expect that the liability balance of term should be carried forward and interest amount
should get calculated based the liability balance
STEPS
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The issue can be reproduced at will with the following steps:
1. Create a lease with negative payment
2. Finalize the lease
3. Check the interest calcualted. The whole cash amount is accounted as interest
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |
| References |