ELA: Lease Administration ASC 842 Transition Date Error When Future Date Entered, " The maximum wait time should not be blank or zero. (18021,2810)"
(Doc ID 2548679.1)
Last updated on JANUARY 25, 2021
Applies to:PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Can a future transition date be entered when Migrating and Transitioning to the new accounting standards? The navigation is Set Up Financials/Supply Chain > Install > Installation Options > Lease Administration.
In setting up a new test region for Lease Administration UAT, we want to set the Apply ASC 842 and IFRS 16 Accounting Transition Date to a future date, the date we will be adopting the new accounting standards. Upon saving the installation option page, the following error message is returned:
The maximum wait time should not be blank or zero. (18021,2810)
The maximum wait time should not be blank or zero.
Is there a way to set a future date for the transition date? Setup and testing cannot be completed for Lease Administration until a transition date has been set.
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