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10. Annexure A
10.1 Accounting Entries for Leasing
This section contains details of the suggested accounting entries that can be set up, for the
Leasing module of Oracle FLEXCUBE. The details of the suggested accounting entries are
given event-wise.
10.2 Events
The following is an exhaustive list of events that can take place during the lifecycle of a leasing
contract. In the subsequent paragraphs we shall examine the accounting entries and advices
for each of the events listed below.
Event
Code
Event
Description
BOO
K
Booking
This event will be triggered on capturing the lease contract.
The contingents will be booked if the lease contract is forward dated.
INIT
Contract Initiation
This event will be triggered on the value date of the Contract.
DSB
R
Disbursement
For a Financial lease, On first DSBR the principal would be
disbursed and down payment will also be collected.
Additional Remarks
In case of a forward dated lease contract, the contingent
entries will be reversed
Also, in case of payment by advance, the first schedule payment would be liquidated.
For an Operational lease, there would not be any principal
disbursement Only down payment would be collected. On
Value date of the lease account, DSBR would fire for Down
payment.
Also, in case of payment by advance, the first schedule payment would be liquidated.
In case of operational lease there won’t be any Disbursement schedules.
MLIQ
Manual Liquidation
This event is triggered on manual payment of a schedule.
This can be triggered from Manual Payment Screen
ALIQ
Auto Liquidation
This event is triggered on Automatic payment of a schedule.
This can be triggered from Batch
ACC
R
Accrual
This event will be triggered based on the frequency maintained at the product level.
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