EAM: ENHANCEMENT - ARO under IFRS Should Use Current Credit ADJ RISK-FREE Rate
Last updated on JUNE 14, 2017
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
EAM: Enhancement for ARO - Current Credit Adj Risk-Free Rate requires quarterly update per IFRS .We are requesting an enhancement to update or upload ARO discount rates on a frequent basis, per IFRS requirements.
Under IFRS, obligations in subsequent periods are adjusted and accreted based on current market based discount rates (US GAAP allows the use of original rates).
The enhancement request is for a new page that will allow the user to enter the updated “Credit Adjusted Risk Free Rate” one time that will be used to:
1) Update the rate for all ARO’s
2) Recalculate the ARO and ARC for each ARO
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