Business / Technical Brief

Migrating Leases from Assets

to Lease Accounting

Assets to Lease Accounting Migration Tools and

Best Practices

April 2023, Version 2.1

Copyright © 2023, Oracle and/or its affiliates
Public

1 Business / Technical Brief / Migrating Leases from Assets to Lease Accounting / Version 2.1
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Purpose statement
This document provides an overview of Assets to Lease Accounting migration
tools and best practices.

Disclaimer
This document in any form, software, or printed matter, contains proprietary
information that is the exclusive property of Oracle. Your access to and use of
this confidential material is subject to the terms and conditions of your Oracle
software license and service agreement, which has been executed and with
which you agree to comply. This document and information contained herein
may not be disclosed, copied, reproduced, or distributed to anyone outside
Oracle without the prior written consent of Oracle. This document is not part of
your license agreement, nor can it be incorporated into any contractual
agreement with Oracle or its subsidiaries or affiliates.

This document is for informational purposes only and is intended solely to assist
you in planning for the implementation and upgrade of the product features
described. It is not a commitment to deliver any material, code, or functionality
and should not be relied upon in making purchasing decisions. The
development, release, and timing of any features or functionality described in
this document remains at the sole discretion of Oracle. Due to the nature of the
product architecture, it may not be possible to safely include all features
described in this document without risking significant destabilization of the code.

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Table of contents

Purpose statement 2
Disclaimer 2
Introduction 4
Why Move? 4
Cutover Details 5
Migration Accounting Approach 5
Preparing Assets for Extraction 5
Preparing Lease Accounting 6
Execution 7
Extract Leases from Assets 7
Filling FBDI Import Template 7
Validate, Complete and Activate Leases 9
Close-out Migrated Leases in Oracle Assets 10
Lease Accounting Dashboard 10
Key Calculations 10
Calculation Differences between Oracle Assets and Lease Accounting 11
Reconciliation and Exceptions 11
Migration Review and Reconciliation 11
Appendix 12
Mapping Oracle Assets to Lease Accounting 12
Related Documents 15

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Introduction
Fusion Financials has released Lease Accounting as its leasing flagship application. While Oracle Assets has offered a
leasing solution to lessees for a number of years, Oracle’s development investment in leasing applications is now
oriented towards Lease Accounting.

Oracle Fusion Lease Accounting is a centralized, automated lease accounting and management product that enables
you to address lease accounting as defined in the IFRS 16 and ASC 842 accounting standards for lessees.

This document intends to provide key information that is specific to migration tools and best practices for lessees
migrating leases from Oracle Assets to Lease Accounting.

Why Move?
Lease Accounting is Fusion Applications leading leasing software and as such it is Oracle’s most sophisticated, broad,
and complete solution delivering extensive support for global companies across many industries.

Although the Oracle Assets leasing solution will continue to be supported in the foreseeable future, there are multiple
reasons why moving to Lease Accounting is desirable, despite the efforts that the migration could entail. It’s also
important to take into consideration that - being Lease Accounting Oracle’s flagship application – substantial
development investment is going to flow into Lease Accounting.

The immediate benefits of moving to Lease Accounting include the following advantages:

• Multi-GAAP and multicurrency support

• Payment, amortization and accrual schedules generated at lease booking
• Calculation options to generate accounting balances and accruals
• Seamless integration with Payables and Subledger Accounting
• Automated accounting at the payment level
• Accounting views at the lease level as well as the payment level
• Deployment of policies and controls through setups, templates and workflow approvals
• Definition of lease milestones with automated alerts of important dates and events such as the exercise of
options
• A dashboard with key lease information that includes transactions requiring attention, exceptions as well as
impending options and expirations
• Ability to update lease payments before exporting to payables as well as generating miscellaneous payments at
any point during the life of the lease
• Retrospective lease amendments
• Automated rent increases, including fixed and index based
• Robust auditing and controls with versions and lease history
• Automated calculation, accounting, and reporting of short term and long-term liabilities
• Out-of-the box reporting, including disclosures

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Cutover Details
The cutover date you select for migration is fundamental to select what parts of the lease data you need to convert and
is an input in the calculation of Right of Use and Liability migration balances. It determines what payments and accruals
should already have been processed in Assets and which ones are expected to be processed in Lease Accounting after
leases are converted. In Lease Accounting, for migrated leases, the amortization start date field determines the
cutover date.

The amortization start date is a field in the lease header that is derived from the lease start date in new leases, and from
the migration date in migrated leases. We recommend that the amortization start date be the first day of a new
accounting period. For example, if you have calendar months as your accounting periods, you can close the period
October 2023 in Assets and migrate to Fusion Lease Accounting with an amortization start date of November1st 2023.

The amortization start date determines the following:

• Right-of-Use Balance: the amortization start date represents the effective date of the right-of-use balances you
enter for payments in a migrated lease.
• Liability Balance: in addition to representing the liability balance effective date, the amortization start date
determines what payments are included in its calculation as only payments on or after the amortization start
date are included.
• Payments: any payments in the lease before the amortization start date are deemed paid in Assets and are not
included in liability amortizations or interfaced to accounts payable during the remaining life of the lease.
• Accruals: interest and amortization expenses are accrued only after the amortization start date. The amount to
be accrued in the remaining life of a lease is a function of the payments due on or after the amortization start
date, and of the migrated right-of-use balance.
It must be noted that any reporting up to the cutover date must be done through Oracle Assets, and only from the
cutover date forward in Lease Accounting.

Migration Accounting Approach

A key aspect of the migration process is transferring the accounting balances from Oracle Assets to Lease Accounting.
The accounting approach this document lays out entails terminating the leases in Oracle Assets and closing them in the
general ledger, and reinstating the balances in the general ledger when booking the same leases in Lease Accounting.
When following this approach, it is recommended you evaluate your accounting configurations to ensure accounting
transactions in Oracle Assets and Lease Accounting offset each other.

As an alternative, you may also want to post all migration accounting debits and credits in Oracle Assets and Lease
Accounting into a single account. You can also resort to reversing the posted journals from FA and FLA in GL so as to
leave GL balances unchanged.

Preparing Assets for Extraction

Before migrating leases to Leases Accounting, we recommend the following steps in Oracle Assets so the data is
properly processed up to the cutover date.

1. Complete all lease transactions for the period immediately preceding the cutover date, which as mentioned
indicated above is amortization start date in Lease Accounting. For example, if your amortization start date is
November 1st 2023, Assets lease transactions must be completed up to October 31st 2023.
2. Run the programs Calculate Lease Expenses and Calculate Depreciation up to October 31st 2023.

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 3. Run Create Accounting for Oracle Assets for the October 2023 period with transfer and post to the General
Ledger.
4. Review the output of the Create Accounting Execution report to ensure there are no transactions in error. Also
run the Subledger Period Close Exception Report to verify there are no unprocessed lease related transactions
for the period.
5. Reconcile lease balances such as cost, depreciation reserve, lease liability, depreciation expense, interest
expense and operating lease expense with the General Ledger. The reports listed below can be used.
a. Asset Cost Summary Report
b. Reserve Summary Report
c. Asset Lease Liability Report
d. Asset Lease Expenses Report
6. Ensure starting balances in Fusion Lease Accounting match the balance sheet account balances in Assets.

Preparing Lease Accounting

After you completed the Lease Accounting implementation tasks (see implementation information in Related
Documents section), you should be ready to deploy accounting and operational policies through Lease Accounting
setups, templates and lease parameters. While some of these parameters are selected directly on a lease, many others
must be modeled into System Options, Discount Rates, and Payment Templates.

Discount Rates

While in Assets you directly enter the discount rate on the lease, in Lease Accounting it must be modeled beforehand
into a Discount Rate Index. The rate must be entered in a discount rate index line whose start and end dates contain the
lease’s migration date. For migration purposes only, you can enter zero in that line and in the lease import spreadsheet
enter the full rate value in the Adder field (see Appendix for mapping details).

It must be considered that while in Assets you may enter different discount rates for each asset line, in FLA you can only
define a single discount rate that applies to all the lease assets and payments on the lease

Figure 1: Discount Rate Index

Payment Templates

A payment template must be selected for every payment on a lease as many of the payment field values are derived
from the payment template. Since accounting distributions are defined in the payment template, you can define
accounting entries independently for each payment if necessary.

Whereas some of the values derived from a payment template can be overridden when you create a payment,
accounting distributions must be defined in the payment template as they can’t be entered on the import sheet.

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 Figure 2: Distributions in the Payment Term Template

Additionally, on the template you select the following:

• Liability Checkbox, when checked, the payment or option is used to calculate a liability balance that generates
interest expense.
• Right-of Use Checkbox, when checked, the right-of-use balance you enter is used to generates an amortization
expense.
• Additional tax parameters: optionally you may select tax parameters to be interfaced to Oracle Payables.
• Payment attributes: optionally you may enter payment attributes including payment purpose, payment type,
payment frequency, and supplier details (see Appendix for mapping details).

Execution
Once your lease data is staged, the import process is straightforward and consists of the following steps:
Extract Leases from Assets
After completing the steps on the Preparing Assets for Extraction section, you can run the Asset Lease Data Extract
Report as of the cutover date of the first day of the new accounting period. In our example, that is November 1st 2023,
to continue using the example given above.
Filling FBDI Import Template
Before filling Lease Accounting’s FBDI Lease Contract Import Template, it is recommended you complete the following
tasks:

• Map the Asset Lease Data Extract Report to the Lease Contract Import Template (please see Appendix for
details)
• Create at least one lease online in order to get familiarized with Lease Accounting’s lease contract structure as
well as the authoring flow of lease creation, validation, and activation.
The Lease Contract Import Template spreadsheet consists of eight tabs, one for instructions and seven representing
tables in the application.

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In the tabs representing tables, each column header contains a field description that includes the data type required and
the number of characters allowed. A single asterisk next to the field name indicates the field is mandatory.

• Lease – This is where you enter lease header information. For migrated leases, there is a column where you
must specify whether the lease is migrated. Here you can enter the lease amortization start date and lease’s
target status. For lease numbering, you must decide whether you will carry on the same lease numbers from
Assets or you will allow Lease Accounting to automatically generate lease numbers by enabling auto numbering
in the business unit's system options. In any case, you can use the Source Reference fields available in this tab
to enter any legacy reference you may need. Other key fields in the Leases tab are the following:
o Asset Type, in Lease Accounting you must select either Property or Equipment. Asset categories or
subcategories are not required.
o Accounting Classification, either Finance Lease or Operating Lease must be selected.
o Options Class, based on your selection, you may define options at the asset level or for the entire lease.
o Lease Start Date and Lease End Date, while in Assets you must enter a term in months; in Lease
Accounting, the term is calculated by the system based on the lease start date and lease end date
o Discount Rate Index and Rate Adder, as mentioned before, a discount rate index must be selected for
the lease. Our recommendation is you create a discount rate index with a discount rate of zero and, in
the import template, use the Rate Adder to enter the full value of the discount rate.
Figure 3: Leases Tab in the Lease Contract Import Template

• Assets and Serial Numbers - All leased assets must be entered. As in leases, you must decide whether you will
keep the same asset numbers from assets or allow lease accounting to automatically generate asset numbers
by enabling asset auto numbering in the business unit's system options. You can also use the Source
Reference fields available in this tab to enter legacy system references. The Serial numbers tab is optional and
applicable to equipment leases only.
o Inventory Item Number and Model, these are fields applicable to equipment leases only.
o Units, applicable to equipment leases only. While in Assets, for every unit an asset must be created, in
Lease Accounting you can consolidate in a single leased asset multiple units of the same inventory
item.
o Asset Start Date and End Date, while in Assets these dates are derived from the asset date placed in
service and the depreciation method, in Lease Accounting you must explicitly enter the leased asset
start and end dates.
Figure 4: Assets Tab in the Lease Contract Import Template

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 • Payments and Payment Lines - Payments for the lease are entered. For migrated leases, here is where you
must enter right-of-use migration balances for each payment (See Figure 5).
Oracle recommends that every payment line in Assets - whether it is periodic, variable, or one-time – be
entered as a separate payment and associated to the corresponding leased asset. Although Lease Accounting
allows lease level payments there must be at least one payment associated to every leased asset in the contract.
Lease Accounting also allows the flexibility of defining payment frequency, payment start and end dates, and
whether a payment is in advance or arrears, independently for each payment.
Although you can enter the full schedule, but the system calculations and accounting will include payments on
or after the amortization start date.
For payments with a right-of-use balance but without any liability as of the migration date, you may add a
payment with only the right-of-use checkbox checked and a one-time frequency so the remaining balance is
amortized.
The migration conversion rate you provide for foreign currency payments can be used for the right-of-use
amortization in future periods.
Figure 5: Migration Balances in the Payments Tab in the Lease Contract Import Template

Options - If options were already exercised in Oracle Assets, we recommend they be entered as payments as, if
exercised, they should have already been converted into payments.

In the case of Asset’s unexercised options, we recommend they do not be entered as they don’t have any
impacts in accounting or amortizations until exercised. If you decide to enter unexercised options the following
must be ensured:

o Liability and Right of Use checkboxes must be unchecked, this will be required to avoid accounting
impacts in Lease Accounting as unexercised options with the Liability and Right-of-Use checkboxes
checked are deemed likely to be exercised, and in compliance with accounting standards, they are
included in liability and right of use calculations and amortizations.
o In Lease Accounting Renewal, Purchase, Residual and Early Termination option types Accounting
always require entering an option related payment when the option is created.
Validate, Complete and Activate Leases
Depending on the Target Status you selected for each of your migrating leases, you may have to complete the
activation process for each lease from Lease Accounting's pages.

When you migrate leases to Lease Accounting, you can indicate each leases' target status in the lease contract import
spreadsheet. The statuses you can select are Draft, Completed, or Active. The chosen status determines the extent to
which import programs will process the lease:

• Draft - The lease is created but is not validated. Although the lease is not validated, some basic table level
checks are performed to complete the data. These checks are listed in Doc ID 2775004.1, which is available
through Oracle Support.
• Completed - The lease is created, validated, and schedules are generated. In addition to the basic checks, a list
of lease level validations is invoked to ensure information is complete and consistent in the entire lease. Also,

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 liability and right-of-use balances and amortization schedules are generated. A full list of these validations is in
Doc ID 2775022.1, available in Oracle Support.
• Active - The lease is created, validated, schedules are generated, and the lease is activated. After a lease is
activated, any changes or adjustments must be addressed through an amendment. If your target status is
Active, you need to ensure the business unit’s system option for Approval Import Preferences is set for auto-
approval.
It is suggested that you load leases in ‘Completed’ status in one of the test pods, and verify the data on a sample basis. If
the results are satisfactory, you can load leases directly in ‘Active’ status.
Close-out Migrated Leases in Oracle Assets
Continuing with the dates of our previous example, where the cutover or migration date is November 01st, 2023.

1. Close the October 2023 period and open November 2023.

2. Terminate the lease in Oracle Assets with a termination date of 01-Nov-2023 and the ‘Period End Liability’
option as NO so the lease liability balance at the start of the period is retired.
3. Run create accounting for November 2023 and transfer to the General Ledger.
4. Reconcile that the account balances closed in Oracle Assets match the balances transferred to Lease
Accounting.
5. Inactivate the asset book only if the asset book is used for leased assets alone. This will prevent users from
accidentally entering transaction in this book after migration.
6. If the asset book is used for owned assets too, then uncheck ‘Allow leased assets’ checkbox in the book setup to
prevent new lease creation for this book.
Lease Accounting Dashboard
When migrating your leases, you can rely on the lease accounting dashboard to provide easy visibility of the following:

Import Errors - The import exceptions tab in the Leases: Book table lists leases that have failed to import along the with
reason.

Import Programs Status - The Process Requests table displays the process requests status and provides access to the
log and output files of both the following import programs needed for lease migration:

• Load Interface File for Import – Process Lease Actions

• Process Lease Actions – Import Interface

Key Calculations
Lease Liability and Right-of-Use are calculated and maintained for every period after the lease amortization start date
you enter for each lease. A high-level description of the calculations is displayed below:

a. Lease Liability: Cash flows marked with the 'Liability' checkbox, which have a payment due date on and after
the lease amortization start date, are discounted using a rate from the discount rate index selected in the lease
to arrive at the Lease Liability. Interest amounts are calculated using this discount rate for all periods after the
lease amortization start date.
b. Right of Use Finance Lease: When the user provides a right-of-use value for a migrated lease, it is amortized
on a straight-line basis over the asset's remaining life after the lease amortization date. If the user does not
provide this value, cashflows marked as 'ROU' enabled are discounted to calculate the right of use balance
using the same logic to calculate Lease Liability.

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 c. Amortization expense: It is calculated by straight lining the right of use balance between the lease amortization
start date and the expected lease or asset end date.
d. Right of Use Operating Lease: When the user provides a right-of-use value for a migrated lease, it is amortized
with the difference between Lease Expense and Interest Expense over the remaining life of the lease after the
lease amortization start date. If the user does not provide this value, cashflows marked as 'ROU' enabled are
discounted to calculate the Right-of-Use balance using the same logic to calculate Lease Liability.
e. Lease Expense: Lease Expense for a non-migrated lease is the mean of cash outflows per period. For migrated
leases with the Right-of-Use value provided by the user, lease expense is the sum of that value plus the interest
expense from that payment. For example, if the Right of Use value provided is $100,000 and a projected
interest expense of $10,000, then the total lease expense is $110,000. The total lease expense is straight-lined
over the remaining life of the asset or lease after the amortization start date.
Calculation Differences between Oracle Assets and Lease Accounting
These are the main calculation frequencies between Oracle Assets and Lease Accounting that may results in some
differences present values and amortization amounts.

• Compounding Frequency, Lease Accounting discount rates use daily compounding to calculate right-of-use
and liability balances as well as accruals. On the other hand, Oracle Assets uses periodic compounding. While
you can manually enter in Lease Accounting the Right-of-Use balances you are transferring from Oracle Assets,
the system will calculate, for each payment line, liability balances as of the migration date. Since the
compounding frequencies are different the liability starting balance in Lease Accounting will not match the
ending balance in Oracle Assets. There are two alternatives to deal with this:
o Make a single adjustment entry on the cutover date.
o Amortize the adjustment during the remaining life of the lease. To achieve this, you must convert the
Oracle Assets periodic rate into a daily compounding rate to be entered in the import spreadsheet for
migration purposes only those results in the same liability amount in Lease Accounting as the liability
ending balance in Oracle Assets.
• Interest Expense, when payments have a frequency larger than monthly (e.g., quarterly, annual, etc.), Oracle
Assets simply divides the interest component of the payment into the number of months corresponding to the
frequency. For instance, if a quarterly payment is $100 and the interest component is $33, then Oracle Assets
will generate accruals of 11 for each month in the quarter. Since Lease Accounting compounds interest daily,
for each calendar month it calculates interest based on the principal balance and earned interest as of the
month’s end. This results in interest amounts that are different and that increase each month until the next
payment due date.
• Lease Level Discount Rate, in Lease Accounting as mentioned earlier in this document you must select a
discount rate index from which a single rate is derived and used for the calculations of accounting amounts of
all payments on the lease. In Oracle Assets, you may define different discount rates for each asset, which if
done would result in a difference.

Reconciliation and Exceptions

Migration Review and Reconciliation
To ease the review of the process of both lease information and lease balances, Lease Accounting provides you with the
following queries:

• Lease Abstract Report– Extracts lease information into a report to help you compare the imported lease data
with your legacy system information.

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 • Lease Transactions and Balances and Report - Extracts accounting balances as entered and calculated in Lease
Accounting to help you identify differences with your expected balances.

Appendix
Mapping Oracle Assets to Lease Accounting
Field – Oracle Field Type Oracle Oracle Assets UI Region Field - Lease Accounting Field Type FLA UI Region FLA Lease
Assets UI Assets UI Lease UI

Lease Number * User Enterable Financial Terms Lease Number * /Lease Auto Generated / User Create Lease /
Name* Enterable Overview - Lease
Details
Lease Description * User Enterable Financial Terms N/A Overview - Lease
Details
Category * User Enterable Financial Terms Not needed in Lease N/A N/A
(Must be associated Accounting
to Asset Book)
Payables Business User Enterable Financial Terms Business Unit * User Enterable (LOV) Create Lease / Lease
Unit * (LOV) Details - Header
N/A N/A N/A Legal Entity * User Enterable (LOV) Create Lease / Lease
Details
Lessor * User Enterable Financial Terms Lessor * User Enterable (LOV) Create Lease / Lease
(LOV) Details - Header
Lessor Site * User Enterable Financial Terms In Lease Accounting this
(LOV) is defined as Supplier Site
for each payment

N/A N/A Asset Type * User Enterable (LOV) Create Lease

(Equipment/Property)
Lease Start Date * User Enterable Financial Terms Lease Start Date * User Enterable Create Lease /
Overview - Term
Details
End Date Calculated - Read Recurring Payments Tab Lease End Date * User Enterable Create Lease /
Only Overview - Term
Details
Lease Classification User Enterable Financial Terms Accounting Classification User Enterable (LOV) Create Lease /
* (LOV) * Overview - Lease
Details
Asset Number Calculated - Read Assets Tab Asset Number Defaults from Assets Create Payment
Only (Generated Tab Value
Once Mass Addition
completes (Queue =
Posted) in the
corresponding
Assets Book)
Asset Description Calculated - Read Assets Tab N/A N/A
Only (Lease
Description_1)
Payment Date User Enterable Under Recurring Payment - Start Date * User Enterable (date) Create Payment /
Payments and One Payments> Schedule
Time Payments Tabs
End Date Calculated - Read Under Recurring Payment - End Date Create Payment /
Only Payments and One Payments> Schedule
Time Payments Tabs
Amount User Enterable Under Recurring Amount* User Enterable Create Payment /
Payments and One Payments> Schedule
Time Payments Tabs
Payment Option User Enterable (LOV Financial Terms Arrears Flag Create Payment /
In Arrears/In Payments> Schedule
Advance)

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 Field – Oracle Field Type Oracle Oracle Assets UI Region Field - Lease Accounting Field Type FLA UI Region FLA Lease
Assets UI Assets UI Lease UI

N/A N/A Payment Purpose* User Enterable (LOV) Create Payment /

Payments > Overview
N/A N/A Payment Type* (please User Enterable (LOV) Create Payment /
note this is unrelated to Payments > Schedule
the Oracle Asset's field
also called payment type)

Payment Type User Enterable Under Recurring Not needed in Lease

(please note this is (LOV) Payments and One Accounting
unrelated to the Time Payments Tabs
Lease Accounting's
field also called
payment type)
Payment Frequency User Enterable Financial Terms Frequency* User Enterable (LOV) Create Payment /
(LOV) Payments > Schedule
Number of Calculated - Read Recurring Payments Tab Number of Payments User Enterable (LOV): Create Payment /
Payments Only Validated Against Payments > Schedule
Asset End Date

N/A Currency is derived Currency User Enterable (LOV) Create Payment /

from the General Payments >overview
Ledger associated
to the Asset Book

Generate Payment User Enterable Financial Terms N/A N/A

Invoices (LOV)
Interest Due Date User Enterable Recurring Payments Tab Part Of Discount Rate N/A
(date) Index Setups

Interest Rate User Enterable Under Recurring Part Of Payment N/A

Payments and One Template Setups
Time Payments Tabs
Exclude from User Enterable Under Recurring Part Of Payment N/A
Liability (Flag) Payments and One Template Setups
Time Payments Tabs
Exclude from Cost User Enterable Under Recurring
(Flag) Payments and One
Time Payments Tabs
Attachments User Enterable (File Financial Terms Attachments User Enterable (File Attachments Tab
Load) Load)
Book * User Enterable Financial Terms N/A N/A
(Derived from Asset
Book accessed
during Lease
creation (Manage
Leases Task) and
Payables Business
Unit selected)
Noncancelable User Enterable Financial Terms N/A N/A
Term *
Extendable Term User Enterable Financial Terms N/A N/A

Cancelable Term User Enterable Financial Terms N/A N/A

Lessor Option Term User Enterable Financial Terms N/A N/A

Exercise Options User Enterable Financial Terms Options N/A Option tab
(LOV)

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 Field – Oracle Field Type Oracle Oracle Assets UI Region Field - Lease Accounting Field Type FLA UI Region FLA Lease
Assets UI Assets UI Lease UI

Lease Term Calculated - Read Financial Terms Create Asset * Create Asset / Assets
Only Tab > Asset Overview
Assets to Add * User Enterable Financial Terms N/A Users add Assets Create Asset / Assets
(defaults to 1) through Action or Add Tab > Asset Overview
icon
ROU Asset Location Calculated - Read N/A - ROU Asset Location User Enterable (LOV) Create Asset / Assets
Only Location selected Tab > Additional
during Asset Addition to Details
the Asset Book
ROU Asset DPIS Calculated - Read N/A - ROU Asset Date Asset Start Date * /Asset User Enterable (LOV) Create Asset / Assets
Only Placed in Service in the End Date * Tab > Additional
Asset Book Details
Variable Lease User Enterable Financial Terms N/A
Expense (code combination)
Initial Present Value Calculated - Read Financial Terms Available in Schedules Schedules tab
Only and Lease Detail Report

Fair Value User Enterable Financial Terms N/A

Economic Life User Enterable Financial Terms N/A

Remaining User Enterable Financial Terms N/A

Economic Life
Remaining Calculated - Read Financial Terms N/A
Economic Life Only
Percent
Major Lease Term User Enterable Financial Terms N/A
(Flag)
Fair Value Percent Calculated - Read Financial Terms N/A
Only
Substantial Present User Enterable Financial Terms N/A
Value (Flag)
Ownership Transfer User Enterable Financial Terms N/A
(Flag)
Specialized Asset User Enterable Financial Terms N/A
(Flag)
Lease Schedule Read Only (Flag) Financial Terms Available in Schedules
Schedules tab
Active and Lease Detail Report
Present Value Calculated - Read Financial Terms Available in Schedules
Schedules tab
Only and Lease Detail Report

Cost Calculated - Read Financial Terms Available in Schedules

Schedules tab
Only and Lease Detail Report

Liability Calculated - Read Financial Terms Available in Schedules

Schedules tab
Only and Lease Detail Report

Net Book Value Calculated - Read Financial Terms Available in Schedules

Schedules tab
Only and Lease Detail Report
Amortization Populated Once Payments Region (fixed) Available in Schedules
Schedules tab
Schedule Calculate Lease and Lease Detail Report
Interest and
Expense submitted
(Generate
Schedules button in
Review Lease Edits)

14 Business / Technical Brief / Migrating Leases from Assets to Lease Accounting / Version 2.1
Copyright © 2023, Oracle and/or its affiliates / Dropdown Options
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2929185.1)

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15 Business / Technical Brief / Migrating Leases from Assets to Lease Accounting / Version 2.1
Copyright © 2023, Oracle and/or its affiliates / Dropdown Options