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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.

Goal

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.

For example:

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.

Solution

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In this Document
Goal
Solution
References


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