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ELA: Is It Possible to Change the Interest Calculation Formula in the PeopleSoft Lease Administration Module As per Mexico IFRS16 Guidance? (Doc ID 2883988.1)

Last updated on JULY 18, 2022

Applies to:

PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

Is it possible to Change the Interest Calculation formula In the PeopleSoft Lease Administration Module as per Mexico IFRS16 (International Financial Reporting Standard) Guidance?

Currently, the system uses the following formula to calculate the lease interest:
Month Interest = Total Interest / 12

The requirement is to modify the calculation formula to:
Month Interest = ((1+Total Interest)^(1/12)-1)

 

Solution

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In this Document
Goal
Solution
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