How To Create A Debit Memo For Funding Type Fund Asset? (Doc ID 762776.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Lease and Finance Management - Version 11.5.10.2 to 11.5.10.2 [Release 11.5]
Information in this document applies to any platform.
Checked for relevance 28-Junr-2015


Symptoms

-- Problem Statement:
On 11.5.10.2:
When attempting to create a Funding request with funding type Fund Asset and invoice type credit,
the following error occurs:

ERROR
You are not allowed to select invoice type CREDIT if funding type is Fund Asset. Please select a
valid invoice type.

-- Steps To Reproduce:
The issue can be reproduced at will with the following steps:
1.
Book a contract
2.
Create a funding request for total asset cost and process it.
3.
Rebook contract and reduce the asset cost.
4.
Tab Origination / Funding / Funding.
Query contract. Click on create funding request.
Create a credit type funding request for funding type Fund Asset.
In field Funding type select Fund Asset.
In field Invoice type select Credit.
The error shows.

-- Business Impact:
The issue has the following business impact:
Lessor will buy a contract from vendor in currency X but sign a contract with Lessee in currency
Y. In OKL the contract is authored in currency Y. As the exchange rate floats, the asset cost
changes. As the funding request has been processed, need to create an credit type AP invoice for
funding Asset.

Cause

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