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Requirement For Federal Finance Charges Calculation To Be Over 365 Days Instead Of 360 (Doc ID 3059380.1)

Last updated on NOVEMBER 18, 2024

Applies to:

Oracle U.S. Federal Financials - Version 12.2 and later
Information in this document applies to any platform.

Symptoms

On current functionality the Finance charges are setup to use 360 day accrual in the calculation but the requirement for new guidance issued by the Treasury is to be for 365 days.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
 1. Bug Summary
 2. Fixed Files
 3. Recommended Patches
 4. Solution Steps
References


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