Recently a new Cumulative patch is released for the Property Manager IFRS and Equipment leasing solution. The patch details are
12.1.3 - 29789413:R12.PN.B
12.2.X - 29789413:R12.PN.C
In the above cumulative patch, in addition to few regular bug fixes, few major enhancements are also done to the product. Below is the a quick glimpse of those enhancements
When a new payment term is added as a replacement of outgoing payment term(contracting), the applications treat them as different terms. As a result, the ROU balances are not carried forward +/- remeasurement value and instead, the ROU balance is recalculated.
As a result of recalculation of Liability, the re-measurement amount is not captured but in its place Liability/ROU are calculated afresh from the new term.
To over come this issue, we have released a new API to link an existing payment term to a new payment term that is being added. The API will end date the existing payment term and will create a new payment term with reference to the existing payment term that is being end dated.
In addition above major enhancements, we have also enhanced the lease expense calculation while performing an amendment. For more details on these enhancement, refer the Property Manager IFRS & Equipment lease Info center Document 2482062.2 .