The Ability to Defer the Lease Income Amortization for some or all Assets on the Contract
(Doc ID 2760596.1)
Last updated on MARCH 15, 2021
Applies to:Oracle Lease and Finance Management - Version 12.2.3 and later
Information in this document applies to any platform.
On : 12.2.3 version, Asset Management
There is a requirement to have the ability to defer the Lease Income Amortization for some or all assets on the contract.
The issue can be reproduced at will with the following steps:
1. Contract A starts 01-Jan-2020, which has 3 assets Asset A , B & C
2. Asset A and B start on 01-Jan-2020 while Asset C starts 01-Apr-2020.
3. Create an initial stub payment for 0 amount for the first 3 months for asset C. The result was that the amortization schedule for asset C began on 01-Jan-2020.
The requirement is for the Lease Income Amortization for Asset C to start from 01-Apr-2020, whereas the for the other Assets to start on 01-Jan-2020.
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