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ELA: Is Reporting In IFRS And ASC 842 For Same LA BU Possible? (Doc ID 2584987.1)

Last updated on JULY 21, 2020

Applies to:

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


What is the approach PeopleSoft recommends for Business Units (BU) that are multi country and need to report in both IFRS and ASC 842? 

Will I need two Lease Administration (LA) BUs, one in the USD currency to meet reporting requirements for ASC 842 and one to meet the local gaap requirements in the local currency?

Will I need a new Asset Management (AM) BU and a new General Ledger (GL) BU to match the currency of the LA BU in the local currency?


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