Oracle Fusion Cloud Asset and Lease Management is part of the Financials offering in Oracle
Fusion Cloud ERP. The 25C update focuses on enhancements in compliance, automation, and
integration for fixed assets and lease accounting. These include improvements in lease
migration, asset lifecycle management, and API support. Below is a summary of the relevant
new features and enhancements.
Lease Accounting Enhancements
Mandatory Gross Right-of-Use (ROU) Asset and Accumulated Amortization for Migrated
Leases: Previously optional (from 25A), this is now required for midlife lease migrations to
ensure ASC 842/IFRS 16 compliance. The system records the gross ROU asset separately from
accumulated amortization during imports, improving financial accuracy and reducing manual
adjustments. Benefits include streamlined amortization calculations and better reporting for
existing lease portfolios.
Mandatory Foreign Currency Lease Migration: Also standard from 25A, lease liabilities for
foreign currency leases use the current exchange rate at amortization start, with periodic
recalculations and income statement updates for fluctuations. This simplifies multinational
compliance and migration without historical rate complexities.
Advanced Approval Rules Expansion: Builds on 25B with more criteria (e.g., Legal Entity, Asset
Type, Lease Type, Amendment Subtype, Account Classification). Allows direct
navigation/review of lease details from notifications, speeding up approvals and reducing
bottlenecks.
Asset Management (Fixed Assets) Enhancements
Expanded REST API Support for Lifecycle Operations: New APIs cover retirements, transfers,
reclassifications, mass additions, and mass retirements/transfers. Includes UI improvements for
bulk processing and better offline support in the Oracle Expenses mobile app. Enhances
integrations with external systems and boosts performance for high-volume asset tracking.
Automatic Project Asset Creation from Supplier Invoices: Integrates with capital projects for
expense/inventory costs, creating maintenance, project, and fixed assets automatically. Follows
project-specific allocation methods; supports serialized/non-serialized items. Enable via “Create
Project Assets Automatically” in project types for touchless workflows across Maintenance,
Projects, and Fixed Assets.
General Considerations
Compliance Focus: Mandatory features ensure adherence to global standards (ASC 842, IFRS
16, Japanese GAAP) with separate ROU accounting and currency handling.
Automation Gains: Reduces manual efforts in accruals, payments, and transfers; integrates
with Payables, Receivables, and Projects.
EnchantApps Oracle Cloud experts can help you with your 25C Upgrade and testing. We are here to ensure that Oracle Cloud quarterly updates do not impact your business processes. Contact us for more details.