Lease dates are in Mid of period but invoices have to be generated at the end of the period (IFRS 16
SummaryLease dates are in Mid of period but invoices have to be generated at the end of the period (IFRS 16)
We are having below lease details where lease is starting on 29th July, We make first Down payment on the same date but after that all invoices are being generated on period end (31st March). Below are the complete details. Can you please confirm how the same can be achieved and entered in Oracle Fusion Fixed Assets lease.
Lease Starting date 29-07-2020
Borrowing Rate (Discounting Rate) 8.9500000%
Amortisation Period 60 years
Year Annual Lease