Position Summary ( Expense & Revenue Lease)
We are seeking an experienced Oracle Fusion Lease Accounting Consultant to implement, configure, and support the Oracle Fusion Lease Accounting module. This role focuses exclusively on lease accounting compliance with ASC 842, IFRS 16 standards, ensuring accurate recognition of right-of-use assets and lease liabilities across the organization.
Key Responsibilities
Lease Accounting Configuration
Implement and configure Oracle Fusion Lease Accounting module (Revenue Lease)
Set up lease classification rules to distinguish operating and finance leases
Configure lease payment schedules including fixed, variable, and index-based payments
Define incremental borrowing rates and discount rate determination
Set up lease terms including renewal options, termination clauses, and purchase options
Having valuable hands-on experience on Accounts Receivables configuration (transaction type, source & Auto accounting rules).
Right-of-Use (ROU) Asset Management
Calculate and record ROU assets at lease commencement
Configure subsequent measurement and depreciation methods
Handle impairment testing and adjustments
Manage ROU asset integration with Fixed Assets module Lease Liability Management
Calculate lease liabilities using present value of lease payments
Configure effective interest method for liability amortisation
Process lease liability remeasurements and modifications
Handle lease reassessments triggered by significant events Lease Lifecycle Processing
Manage lease creation, activation, and termination workflows
Process lease modifications including scope changes and term adjustments
Handle early terminations and lease extensions
Configure partial lease terminations and asset disposals
Compliance & Reporting
Ensure compliance with ASC 842, IFRS 16, and GASB 87 standards
Generate disclosure reports for financial statement requirements
Produce lease maturity analysis and rollforward schedules
Support period-end close activities and reconciliations
Maintain audit trails and documentation for lease transactions
Technical & Integration
Perform lease data migration from legacy systems or spreadsheets
Develop integrations with Accounts Payable, Accounts Receivables, and General Ledger
Configure sub-ledger accounting (SLA) rules for lease journal entries
Create reports using OTBI and BI Publisher
Set up approval workflows and security roles
Required Qualifications
Education
Bachelor's degree, MBA, MCA & BE
Experience
4–7 years of experience with Oracle Fusion Cloud Financials
Hands-on experience implementing Oracle Fusion Lease Accounting module (
Expense & Revenue lease)
Experience with full implementation lifecycle
Background in lease administration or lease accounting functions
Technical Skills
Strong knowledge of Oracle Fusion Lease Accounting configuration
Proficiency in OTBI and BI Publisher reporting
Experience with FBDI for lease data migration
Understanding of SLA rules and GL integration
Familiarity with SQL and data validation techniques