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