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Oracle fusion Lease accounting requirement for ASC842 USGAAP standard for migration leases

in Assets 1 comment

Summary:

Oracle Fusion lease accounting module question :- ( Not Lease asset module)

1)USGAAP for Secondary books requires us to upload the values separately as the Primary book values in terms of Operating lease /Finance lease, discounting rates, Amortization date ( Apr 2018 for IFRS and Jan 21 for ASC842) which are different. We do not find any option to upload leases in the Secondary books (ASC842) separately as it is only copying the data from Primary books. This requirement is for existing leases and not for new leases. Existing /Migration leases are around 150 in number. How can we make sure we have 2 separate master sheet for IFRS ( Primary books)

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