16 Oracle Lease and Finance Management

Oracle Lease and Finance Management, an Oracle E-Business Suite application, integrates Oracle Financials applications and is designed to meet the business requirements of asset-based finance companies spanning the entire lease life cycle. The Oracle Lease and Finance Management solution extends from lease origination to contract termination and asset disposition.

This chapter describes the following test flows in Oracle Lease and Finance Management:

  • Lease Booking to Expiry

Prerequisites

None.

Profile Options

Not applicable.

Predefined Data

Not applicable.

Setup Data

Not applicable.

16.1 Lease Booking to Expiry

The lease booking to expiry flow covers lease accruals, invoice generation and receipt application transactions.

Prerequisites

None.

Profile Options

Not applicable.

Predefined Data

Not applicable.

Setup Data

Table 16-1 Setup Data for Lease Booking to Expiry Flow

Page Name Field Name Field Value Comments

Create or Update Contract

Customer

OLFM_Customer

 
 

Product

BASE TEST OP_ISG1

Product is in Approved status and has the required Stream Generation Template and Accounting Template Set setups.

 

Item

IT Magna 17 inches flat screen monitor

 

Create or Update Asset

FA Location

USA.CA.SAN DIEGO.1

 
 

Asset Category

COMPUTER EQUIPMENT.PC

 
 

Depreciation Method

STL

 
 

Asset Tax Book

LEASEQA RPT1

 

Create Payment

Stream Type

RENT QA

 

Create Manual Receipt

Receipt Method

Check - BofA

Receipt method should be associated with a receipt class which has Creation Method = Manual and has bank accounts defined against it for the operating unit.