EAM: Incorrect Leased Payments For Operating Lease Entries
(Doc ID 1576215.1)
Last updated on AUGUST 06, 2018
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.1 and later
Information in this document applies to any platform.
EAM: Incorrect Leased Payments for Operating Lease Entries
If an Advance quarterly operating lease is created, the resulting expense schedule begins PRIOR to the lease payments. When this occurs, no LPY (lease payment) entries are created in the last 2 periods of the last year.
Steps to replicate:
1. Create an operating lease as Advance payment, tied to a quarterly payment schedule.
2. Go to AM, Asset Transactions, Leased Assets, Create Expense schedule which runs AMLSESCH.
3. Run am_dpclose
In an example of a lease beginning in Jan. 2013 with a term of 24 periods, we would expect the lease schedule to begin Jan. 2013 and go thru Dec. 2014. Instead, it begins Nov. 2012 and goes thru Oct. 2014.
No entries are created in Nov. and Dec. of 2014.
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