E1:WS:12: Lease Accounting Prior to 9.1 and all Releases of World (Doc ID 2420929.1)

Last updated on NOVEMBER 23, 2021

Applies to:

JD Edwards EnterpriseOne Fixed Assets - Version XE to 9.0 [Release XE to 9.0]
JD Edwards World Fixed Assets - Version A7.3 cume 4 and later
JD Edwards EnterpriseOne Real Estate Management - Version B7331 to 9.0 [Release B733 to 9.0]
JD Edwards World Real Estate/Property Management - Version A7.3 cume 4 and later
Information in this document applies to any platform.

Purpose

Suggested Work Arounds for Lessee Accounting
For JD Edwards EnterpriseOne Users on Releases 9.0 and Prior and World Users

JD Edwards’s customers on EnterpriseOne releases 9.1 and 9.2 are supported by software enhancements designed to support upcoming changes to lease accounting standards. This document provides suggestions for JD Edwards customers on older releases of EnterpriseOne (9.0 or older) and all releases of World on how they might leverage JD Edwards Fixed Assets, General Accounting and Accounts Payable modules to meet the change in Lease Accounting Standards (for Finance and Operating Leases).

This simple approach accounts for the required financial transactions without requiring additional modules, enhancements or mods. It does not cater for Equipment Rental management, or Leased Property management. You will need the Equipment Rental module and/or Real Estate Management modules if you need to physically manage and maintain leased equipment and property.