Oracle Lease and Finance Management

Oracle Lease and Finance Management, an Oracle E-Business Suite application, integrates Oracle Financials applications and is designed to meet the business requirements of asset-based finance companies spanning the entire lease life cycle. The Oracle Lease and Finance Management solution extends from lease origination to contract termination and asset disposition.

This chapter describes the following test flows in Oracle Lease and Finance Management:

• Lease Booking to Expiry

Prerequisites

None.

Profile Options

Not applicable.

Predefined Data

Not applicable.

Setup Data

Not applicable.

14.1 Lease Booking to Expiry

The lease booking to expiry flow covers lease accruals, invoice generation and receipt application transactions.
Prerequisites
None.
Profile Options
Not applicable.
Predefined Data
Not applicable.
Setup Data

Table 14-1 Setup Data for Lease Booking to Expiry Flow

Page Name	Field Name	Field Value	Comments
Create or Update Contract	Customer	OLFM_Customer
	Product	BASE TEST OP_ISG1	Product is in Approved status and has the required Stream Generation Template and Accounting Template Set setups.
	Item	IT Magna 17 inches flat screen monitor
Create or Update Asset	FA Location	USA.CA.SAN DIEGO.1
	Asset Category	COMPUTER EQUIPMENT.PC
	Depreciation Method	STL
	Asset Tax Book	LEASEQA RPT1
Create Payment	Stream Type	RENT QA
Create Manual Receipt	Receipt Method	Check - BofA	Receipt method should be associated with a receipt class which has Creation Method = Manual and has bank accounts defined against it for the operating unit.