Extended Precision for Discount Rates

Configure discount rates with precision up to eight decimal places. The extended precision enables higher accuracy in calculating the liability and right-of-use balances and generating amortization schedules.

The following screenshot describes creating a discount rate index:

Create Discount Rate Index page

Business benefits include:

• Simplify compliance with lease accounting standards by configuring discount rates with extended precision.
• Streamline business processes with accurate calculation of lease balances and interest accruals.

Steps to Enable

You don't need to do anything to enable this feature.

Key Resources

• This feature originated from the Idea Labs on Oracle Cloud Customer Connect: Idea 655908

Access Requirements

You do not need any new role or privilege access to set up and use this feature.