1. Implementing Lease Accounting
  2. Enable Lease Accounting Features

Enable Lease Accounting Features

Lease Accounting is in the Financials functional area.

Manage Features:

Navigate to the FSM page using My Enterprise > Setup and Maintenance.

Feature Opt-In

Description

Create Property and Equipment Lease

You can enable this feature to create and maintain property and equipment leases in Lease Accounting.

Lease Contract Activation

You can enable this feature to activate lease contracts in Lease Accounting.

Lease Amendments for Scope Increases

You can enable this feature to include scope increase for lease amendments in Lease Accounting.

Lease Amendments for Scope Decreases

You can enable this feature to include scope decrease for lease amendments in Lease Accounting.

Asset End Dates and Options

You can enable this feature to create options and include asset end dates for leases in Lease Accounting.

Lease Contract Import and Conversion

You can enable this feature to import and convert lease contracts in Lease Accounting.

Lease Payment Processing

You can enable this feature to allow payment processing for leases in Lease Accounting.

End of Lease Processing

You can enable this feature to allow termination of leases in Lease Accounting.

Rapid Implementation for Lease Accounting

You can enable this feature to allow rapid implementation of setup features in Lease Accounting.

Lease Disclosure and Transaction Reports

You can enable this feature to create the lease disclosure and transaction reports in Lease Accounting.

Lease Payment Updates

You can enable this feature to allow updates to payments for leases in Lease Accounting.

Fixed Rent Increases

You can enable this feature to allow fixed rent increase for payments in Lease Accounting.
Lease Impairments You can enable this feature to allow lease impairments in Lease Accounting.
Lease Cancellation You can enable this feature to allow lease cancelations in Lease Accounting.
Lease Supplier Amendments You can enable this feature to allow lease supplier amendments in Lease Accounting.
Note:

All features are a "Customer Must Take Action before Use by End Users," which means Oracle Lease Accounting delivers them disabled. You must use the opt-in method to enable the feature.

To access its setup tasks:

  1. On the Setup and Maintenance page, select Financials from the list.

  2. Click Lease Accounting and select Change Feature Opt In.

  3. Select the check box in the Enable column for the features in Lease Accounting using the Edit icon.

  4. Click Done.

Manage Tasks.

Tasks

Description

Manage Lease Accounting Configuration

Manage Lease Accounting Configuration task is predefined for the setups.

Manage Payment Increase Configuration

You can search for the Manage Payment Increase Configuration task using the Search Tasks option.

Click the task to open the setup page for agreements.

Manage Payment Increase Configuration:

Search Agreement Templates:

  1. The following fields are available as search parameters:

    Field

    Description

    Business Unit

    The search is based on the business unit.

    Agreement Template Name

    The search is based on the agreement template name.

    Payment Purpose

    The search is based on the payment purpose.

    Supplier Name

    The search is based on the supplier name.

    Default Relation Type

    The search is based on the default relation type.

    Payment Basis Type

    The search is based on the payment basis type.

    Status

    The search is based on the agreement template status.
    Index Short Name The search is based on the index short name.

  2. Click Search.

  3. The results are displayed in the Agreement Templates Display section of the Manage Payment Increase Configuration page.

  4. Click the agreement template to open the template details.

  5. Click Save to retain the search information.

  6. If needed, you can use Reset to clear the search information.

  7. Use Advanced Search to deep search for agreement template information.

  1. Click New (+) to display the Create Payment Increase Agreement Template page.

  2. The following fields are available as part of the Payment Increase Agreement Template creation:

    Payment Increase Agreement Template: General Section

    Field

    Description

    Business Unit

    Select the business unit for the template.

    Agreement Template Name

    Enter the agreement template name.

    Payment Purpose

    Select the payment purpose.

    You can choose from the following purposes:

    • Base Rent
    • Cleaning
    • Depreciation
    • Insurance
    • Operating Expense
    • Rent
    • Percentage
    • Allowance
    • Purchase

    User Responsible

    Select the user responsible for the creation of the template.

    Supplier Name

    Select the supplier name.

    Currency

    Select the agreement template currency.

    Status

    Select the status of the template. You can make the template active and enable it for the creation of the payment increase agreement.

    Description

    Enter a description of the template.

    Payment Increase Agreement Template: Details Section

    Field

    Description

    Assessment Frequency

    Select the assessment frequency for the template.

    You can choose between Annual and Semiannual.

    Payment Basis Type

    Select the payment basis type for the template.

    You can choose between Previous Cycle and Current Cycle.

    Default Relation Type

    Select the default relation type for the template.

    You can choose from the following relation types:

    • Fixed
    • Index
    • Lesser of Index or Fixed
    • Greater of Index or Fixed
    Basis Adjustment Factor Enter a default basis adjustment factor for the template.

    Assess in Years

    Enter the default assessment in years period for the template.

    Basis Compounding

    Select whether you want basis compounding for the template or not.

    Payment Increase Rounding

    Select whether the payment increase rounding should be in Tens or Ones for the template.

    Payment Increase Agreement Template: Fixed Increase Values Section

    Field

    Description

    Fixed Increase Percentage

    Enter a default fixed percentage for the template.

    Fixed Increase Amount

    Enter a default fixed amount for the template.

    Payment Increase Agreement Template: Index Increase Values Section

    Oracle Lease Accounting displays this section if you have selected any of the following options as the default relation type:

    • Index
    • Lesser of Index or Fixed
    • Greater of Index or Fixed

    Field

    Description

    Index Short Name

    Select the index short name for the template.

    Minimum Increase Percentage

    Enter the minimum increase percentage for the template.

    Maximum Increase Percentage

    Enter the maximum increase percentage for the template.

    Treatment of Unused Increase

    Select the treatment option for the unused increase.

    You can choose between No Carry Forward and Carry Forward.

    Index Type

    You can view the index type.

    Index Finder Months

    Enter the index finder months.

    Missing Index During Assessment

    Select whether there should be no derivation or a fixed percentage for missing indexes during assessment.

    Missing Index During Activation

    Select whether there should be no derivation or a fixed percentage for missing indexes during activation.

  3. Click Save and Close.

Search Payment Increase Indexes:

  1. The following fields are available as search parameters:

    Field

    Description

    Business Unit

    The search is based on the business unit.

    Index Short Name

    The search is based on the index short name.

    Effective From

    The search is based on the effective from date.

  2. Click Search.

  3. The results are displayed in the Search Payment Increase Indexes section of the Manage Payment Increase Configuration page.

  4. Click the index short name to open the index details.

  5. Click Save to retain the search information.

  6. If needed, you can use Reset to clear the search information.

  7. Use Advanced Search to deep search for information on payment increase indexes.

  1. Click New (+) to display the Create Payment Increase Index page.

  2. The following fields are available as part of the Payment Increase Index creation:

    Payment Increase Index

    Field

    Description

    Business Unit

    Select the business unit for the template.

    Index Name

    Enter the index name.

    Index Short Name

    Enter the index short name.

    Index Type

    Select the index type.

    Index Status

    Select the index status.

    Description

    Enter a description of the index.

  3. Click Save and Close.