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Back Dated Leases After IFRS Transition (Doc ID 2574292.1)

Last updated on AUGUST 07, 2019

Applies to:

Oracle Property Manager - Version 12.1 and later
Information in this document applies to any platform.

Goal


Questions when entering a backdated lease with Report From Inception box checked:

1. IFRS 16 is mandatory from 01-Jan-2019. So the application should calculate the opening ROU and lease Liability balances as of 01-Jan-2019 and post the difference to the Reserve account.

2. IFRS 16 is mandatory from 01-Jan-2019. So the application should start calculating Expense amortization and Interest amortization as of 01-Jan-2019 and not before that.

 

Solution

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In this Document
Goal
Solution


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