ELA: ASC 842: Error While Classifying Existing Payable Leases Asset
Last updated on JULY 13, 2018
Applies to:
PeopleSoft Enterprise FIN Lease Administration - Version 9.2 and laterInformation in this document applies to any platform.
Symptoms
Environment
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On LA release 9.2, Classifying lease, Production, PUM 27
Errors occur when classifying existing payable leases.
Installation Options 'Apply ASC 842 and IFRS 16 Accounting' is not checked.
ERROR
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Asset Classification should be the same as Lease Classification
Review the classification before activating the lease
Changes
Cause
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