|Oracle Lease and Finance Management Implementation Guide|
Part Number E13577-05
This appendix covers the following topics:
The following table shows the seeded qualities and quality values, which must be added to a product template and product, so that contracts that are associated with the product are correctly classified.
|Contract Type||Quality (to be added to the product template)||Quality Description||Quality Value (to be added to the product)||Quality Value Description|
|Investor Agreement||INVESTOR||Investor Agreement Classification||SECURITIZATION||Securitization|
|Lease or Loan Contract||LEASE||Lease Book Classification||LEASEDF||Direct Finance Lease|
|-||-||-||LEASEST||Sales Type Lease|
|INTEREST CALCULATION BASIS||Interest Calculation Basis||FIXED|
|REVENUE RECOGNITION METHOD||Revenue Recognition Method||STREAMS|
|-||-||ESTIMATED AND BILLED|
Each Oracle Lease Management contract must have a product, and each product must have a product template.
In order to classify contracts, first you must add one or more of the seeded qualities to a product template.
Within a single product template, you can have:
the quality Investor for investor agreements
the four qualities of Lease, Taxowner, Interest Calculation Basis, and Revenue Recognition Method, for lease or loan contracts.
Subsequently, when you create a product using the product template, you must assign one of the seeded quality values for each seeded quality in the associated product template.
Note: The only way to assign a lease book classification, tax owner, interest calculation basis, or revenue recognition method, to a contract is through the product. To change one of these values on a contract, you must select a different product for the contract, with different values.
For lease and loan contracts, the following table shows the valid tax owner options allowed for each lease book classification.
|Lease Book Classification||Tax Owner Options|
|Direct Finance Lease||Lessor, Lessee|
|Sales Type Lease||Lessor, Lessee|
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