ELA: ASC 842: Error While Classifying Existing Payable Leases Asset

(Doc ID 2422817.1)

Last updated on JULY 13, 2018

Applies to:

PeopleSoft Enterprise FIN Lease Administration - Version 9.2 and later
Information in this document applies to any platform.


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.

Asset Classification should be the same as Lease Classification
Review the classification before activating the lease




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