Recent Posts by Vaishali Karanth

As explained in earlier post on 2nd Aug 2016, The IASB (International Accounting Standards Board) and FASB (Financial Accounting Standards Board) have nearly converged accounting standards for leases. To meet these new standards for leases, property tenants and equipment lessees are required to make significant changes in accounting and reporting for most leases (i.e., rental contracts) on their balance sheets as lease liabilities with corresponding right-of-use-assets Key...

Recently the IASB (International Accounting Standards Board) and FASB (Financial Accounting Standards Board) have made some major changes with respect to accounting standards for leases. To meet these new standards for leases, property tenants and equipment lessees are required to make significant changes in accounting and reporting for most leases (i.e., rental contracts) on their balance sheets as lease liabilities with corresponding right-of-use-assets. OracleProperty...

Knowing how you currently utilize your space and where you have vacancies is a key element in making informed decisions when managing your real estate. Oracle Property Manager streamlines space assignments, tracks occupancy and vacancies, and monitors capacities in each defined space. Facilities managers and space planners have access to this information online (rather than having to visit each space), dramaticallyreducing the cost of space administration. For landlords,...

There is now an available feature in the most recent upgrade to My Oracle Support Community that allows for the capture and display of Enhancement Requests (or Ideas) from within the existing product support communities. This provides a new way to capture ideas on how Oracle E-Business Suite Applications can be expanded or improved. Previously you had to create a Service Request (SR) with the corresponding Product group for an ER. Now you can createyour own Idea directly in...

Property Manager helps to maintain all aspects of managing properties like maintaining lease related information, recording the lease agreements, calculating of lease rent, any additional rent, common area maintenance and other charges to be paid by the Lessee. Property Manager distributes these functions to different modules like Main Lease, Rent increase, Variable Rent, Rent recoveries and operating expense. These modulesrecord information needed to calculate these amounts...

In Oracle Property Manager, the term property refers to land or to built-up property. Whether your property consists of vacant land or buildings, you can define it at several levels. The property information which is defined in Property Manager can be used To identify and to maintain the physical features of a property To associate the property with Lease agreements To assign it to employees and customers To reporting purpose Hierarchy of Properties Forbuilt-up property, the...

As we have seen in the earlier post, Oracle Property Manager integrates with many sub ledgers. So when you first install and set up Oracle Property Manager for your business, you must configure several components with in Property Manager as well as in other subledgers. Here is a brief discussion on those required setups In other subledgers In Oracle Property Manager A. In other subledgers: Oracle Property Manager integrates / uses many informationwhich are defined in other sub...

Oracle Property Manager provides an integrated solution with other Oracle Applications. It integrates with other applications such as General Ledger, Oracle Payables, Oracle Receivables etc. Here is a glimpse of other sub ledgers which are integrated with Oracle Property Manager. 1. Oracle General Ledger:- Property Manager  retrieves few setup related information like  chart of account, accounting period types,accounting calendar, ledger, subledger accounting options etc  from...

You are struck with an issue in Oracle Application and don’t know how to proceed? Are you wondering how others are meeting a particular requirement in Oracle application? The best place to get this kind of questions answered is My Oracle Support communities.My Oracle Support communities helps you to increase productivity with access to on-line support communities, specific to your Oracle environment, backed by Oracle support experts.Collaborate with an extensive global peer...