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Incorrect Amortization for an Early Termination on a Lease with Mid Month Start Date (Doc ID 2704729.1)

Last updated on MARCH 20, 2025

Applies to:

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

Symptoms

Equipment Lease

ACTUAL BEHAVIOR
---------------
Amortization Amount is incorrect in US GAAP after mid month termination

EXPECTED BEHAVIOR
-----------------------
Expect that the amortization amount has be to correct

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create a lease with Mid month commencement date
2. Terminate the lease
3. The amortization amount is incorrect

Cause

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In this Document
Symptoms
Cause
Solution
References


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