PN - Equipment Lease - Reduction In Scope Of A Lease (Doc ID 2732271.1)

Last updated on NOVEMBER 26, 2020

Applies to:

Oracle Property Manager - Version 12.1.1 and later
Information in this document applies to any platform.

ENHANCEMENT REQUEST DESCRIPTION
===============================
In accordance with the standard (AASB 16 paragraph 46).

The reduction in scope is accounted for in two steps:

I. Reduce the ROU asset and lease liability in proportion to the reduction in
the scope of the lease, and recognise the difference in profit/loss.

II. Adjust the lease liability resulting from step I to its modified carrying
amount with a corresponding charge to the ROU asset.

BUSINESS NEED
=============
Need to reduce the scope of a lease and generate the expected gain/loss that the event should trigger

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