1. Using Lease Accounting
  2. Overview of Lease Landing Page

Overview of Lease Landing Page

After you complete the all the required setups, you can reach the lease landing page from the Navigator by selecting Lease Accounting and then Leases.

The Lease Landing page is divided into the following three sections:

  • Search Leases

  • Lease Information

  • Activity Side Panel

Search Leases

You can search for existing leases from the header section of the Lease Landing page.

The search section displays the search parameters for leases. You can use the advanced option to deep search with more search parameters. You can also save searches for future use.

  1. The following fields are available as search parameters:

    Field

    Description

    Business Unit

    You can search based on the business unit.

    Lease Type

    You can search based on the lease type.

    Lease Number

    You can search based on the lease number.

    Party Name

    You can search based on the party name.

    Lease Start Date

    You can search based on the start date of the lease.

    Legal Entity

    You can search based on the legal entity of the lease.

    Lease Name

    You can search based on the name of the lease.

    Asset Type

    You can search based on the type of asset.

    Accounting Classification

    You can search based on the account class.

    Status

    You can search based on the lease status.

  2. Select Search.

  3. Oracle Lease Accounting displays the results in the Lease Display section of the Lease Landing page.

  4. Select the lease number to open the lease details.

  5. Select Save to retain the search information.

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

  7. Use Advanced Search to search using specific lease information.

Lease Information

From the Lease Information section, you can view legacy leases or create expense and revenue leases and their assets, payments, options, rights, obligations, and milestones.

In the lease information section, you can view and act on the lease details based on a search that you ran or create a new expense or revenue lease. You can use the Action menu or the toolbar to continue.

You can use the following actions from the Action menu:

  • New: You can open a new lease using this action item.

  • Edit: You can edit an existing lease using this action item. You can edit only the leases that are in Draft status.

    Note: You can't update active leases. You can view an active lease in a read-only mode by either selecting the lease number for the search results or selecting View from the Action menu.

  • Export to Excel: You can export the search results of leases to a spreadsheet.

  • Amend Lease: You can create an amendment on a lease.

  • Resume Changes: You can resume working on a saved amendment.

  • View Changes: You can view the changes you've made on a saved amendment.

  • Manage Options: You can cancel or exercise the options on a lease or an asset.

  • Terminate Leases: You can end a lease before its tenure.

  • Impair Lease: You can impair a lease and update the accounting transactions.

  • Cancel Lease: You can cancel a lease which hasn't been finalized or booked.

Activity Side Panel

The activity side panel provides access to lease activities for payments, accounting, and properties. You can access the Lease Accounting Dashboard from here. You can also generate the Lease reports.

The activity side panel has the following sections:

  • Leases

    • Create Lease

    • Import Leases

    • Lease Accounting Dashboard

    • Process Expense Lease Expiration

    • Process Revenue Lease Expiration

  • Expense Lease Payments

    • Process Lease Payments

    • Manage Payments

    • Process Index Based Assessments

  • Revenue Lease Payments

    • Process Lease Payments

    • Process Lease Payment Tieback

  • Accounting

    • Create Accounting

    • Create Adjustment Journal

    • Review Journal Entries

    • Process Lease Accounting

    • Process Lease Revenue Accruals

    • Manage Accounting Errors

  • Reports

    • Generate Lease Liability Analysis Report

    • Generate Lease Transactions and Balances Report

    • Generate Lease Abstraction Details Report

    • Generate Lease Disclosures Report

    • Generate Lease Impairments Report

  • Properties

    • Review Properties

    • Import Properties

See: Activity Side Panel Operations, Reports, and Properties chapters for further information.