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.

Symptoms

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

Changes

 

Cause

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