How to Use Corp Book and Reporting the IFRS 16 Standard Accounting of Leases Without Using The Primary Ledger?
(Doc ID 2538489.1)
Last updated on JUNE 09, 2022
Applies to:Oracle Fusion Assets Cloud Service - Version 184.108.40.206.0 and later
Information in this document applies to any platform.
We are using Primary ledgers for GAAP reporting and Secondary for Local.
As far I know, the primary ledgers can be used for lease accounting in this case, but I don't understand how because we don't expect any IFRS accounting in our GAAP ledgers so we can't use the primary ledger?
We have to report differently.
How do we use use corp book and report the IFRS 16 standard accounting of leases in other ledger than the GAAP ledger (primary ledger)?
If I create secondary ledger, I can't associate it with the corp book.
Since Oracle facilitates IFRS 16 standard lease accounting, I am assuming there is a predefined way to use the same, which i would like to be clarified upon.
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