Lease Classification in Primary and Secondary Ledgers in 24C and Later Releases (Doc ID 3041996.1)

Last updated on AUGUST 20, 2024

Applies to:

Goal

Classify and account for leases differently under different accounting standards.

Allow multinational organization lease administrators to generate accounting for a lease as a compliant lease, classified as either
a Finance or Operating lease in the primary ledger under one GAAP, and as an exempt lease in the secondary ledger under another GAAP.

Solution

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