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 laterInformation in this document applies to any platform.
Goal
ENHANCEMENT REQUEST DESCRIPTION
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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
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Need to reduce the scope of a lease and generate the expected gain/loss that the event should trigger
Solution
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In this Document
Goal |
Solution |
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