Prior to IFRS enhancement in property manager, though we did have an option to capture the options that a tenant or landlord can exercise during the lease life,...
Prior to IFRS enhancement in property manager, though we did have an option to capture the options that a tenant or landlord can exercise during the lease life, it did not have any impact on any of the calculations. However post IFRS enhancement, the options tab has been enhanced and users can capture the options, which are certain to be exercised from a tenant’s perspective during Termination, Purchase, Renewal or Residual options etc and the same will be included in the ROU...
Prior to IFRS enhancement in property manager, though we did have an option to capture the options that a tenant or landlord can exercise during the lease life, it did not have any impact on any of...
As a part of new IFRS & ASC842 lease accounting requirement enhancement, we have released a new Cumulative patch. Patch Details are 12.1.3 - 30133777:R12.PN.B...
As a part of new IFRS & ASC842 lease accounting requirement enhancement, we have released a new Cumulative patch. Patch Details are 12.1.3 - 30133777:R12.PN.B 12.2.X - 30746709:R12.PN.C The above cumulative patch not only has few critical bug fixes, it also has few product enhancements being included in it. The major enhancements that are released as a part of this cumulative patch is Consideration of "Options End Date" into Amortization– Functionality has be provided for...
As a part of new IFRS & ASC842 lease accounting requirement enhancement, we have released a new Cumulative patch. Patch Details are 12.1.3 - 30133777:R12.PN.B 12.2.X - 30746709:R12.PN.C The above...
As we have seen in the earlier posts, to meet the new compliance requirement of IFRS and US GAAP with respect to lease accounting, property manager has been...
As we have seen in the earlier posts, to meet the new compliance requirement of IFRS and US GAAP with respect to lease accounting, property manager has been enhanced. With this enhanced functionality, even the amendment transaction flow has been improvised to better user experience. Now when a user tries to amend an existing lease, they will be prompted with below options Depending on what changes user want to perform, they can select the corresponding...
As we have seen in the earlier posts, to meet the new compliance requirement of IFRS and US GAAP with respect to lease accounting, property manager has been enhanced. With this enhanced functionality,...
In today’s modern world with the globalization, it is quite common for any organization to have business spread across different countries. In this case, to run...
In today’s modern world with the globalization, it is quite common for any organization to have business spread across different countries. In this case, to run their business, organization will end up taking leases in the country in which they are operating and these lease payments need to be done in a foreign currency. To meet this growing requirement of organization, Oracle Property manager enhanced to handle the foreign currency leases. In property manager a billing /...
In today’s modern world with the globalization, it is quite common for any organization to have business spread across different countries. In this case, to run their business, organization will end...
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...
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 Linking of Payment Terms :- Currently in Property Manager or Equipment lease, we cannot update most of the attributes of a...
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...
As we all know, all the customers who are following IFRS / US GAAP accounting standards has to switch to new reporting / accounting process with effect from 1st...
As we all know, all the customers who are following IFRS / US GAAP accounting standards has to switch to new reporting / accounting process with effect from 1st Jan 2019. All the existing customers who are already using the existing property manager functionality and have their leases running in the Oracle EBS property manager, need to migrate their existing leases from current property manager solution to new IFRS regime. When it comes to transition from current property...
As we all know, all the customers who are following IFRS / US GAAP accounting standards has to switch to new reporting / accounting process with effect from 1st Jan 2019. All the existing...
We have great news!. We have released an info center for Oracle Property manager IFRS and Equipment Lease. Going forward this will be a one stop shop for all...
We have great news!. We have released an info center for Oracle Property manager IFRS and Equipment Lease. Going forward this will be a one stop shop for all the IFRS and Equipment lease question and will have all the latest released documents and product updates. This info center has multiple tabs like Here is a brief description of each of the tabs above Introduction :- This contains details of high level changes that are brought in as a part of IFRS & US GAAP with respect...
We have great news!. We have released an info center for Oracle Property manager IFRS and Equipment Lease. Going forward this will be a one stop shop for all the IFRS and Equipment lease question and...
The Equipment lease-for Lessee is a new feature and part of Oracle Property Management systems. This Oracle Equipment lease-for Lessee provides the Lessee to...
The Equipment lease-for Lessee is a new feature and part of Oracle Property Management systems. This Oracle Equipment lease-for Lessee provides the Lessee to manage their equipment lease portfolio in an effective and efficient manner and this feature also helps the lessee to meet the compliance requirement of IFRS and US GAAP. The simple and most logic reason behind the introduction of equipment leasing –lessee accounting module is the crying need for equipment leasing...
The Equipment lease-for Lessee is a new feature and part of Oracle Property Management systems. This Oracle Equipment lease-for Lessee provides the Lessee to manage their equipment lease portfolio in...
As we have seen in earlier posts, to adhere to the new accounting standards of IFRS and FASB for Equipment and Operating leases, a major enhancement is done to...
As we have seen in earlier posts, to adhere to the new accounting standards of IFRS and FASB for Equipment and Operating leases, a major enhancement is done to Oracle Property Manager module and Patch 27606088:R12.PN.B and Patch 27606088:R12.PN.C has already been released. Now for 12.2.4 and above a new bundled Patch 28332098:R12.PN.C has been released on top of the earlier released patch. This new patch has the fix for below bugs and Enhancement requests S.No Bug...
As we have seen in earlier posts, to adhere to the new accounting standards of IFRS and FASB for Equipment and Operating leases, a major enhancement is done to Oracle Property Manager module and Patch...
