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ST and LT reclassification in Oracle Lease Accounting

Accepted answer
edited Jul 13, 2023 6:13PM in Lease Accounting 7 comments


Use Case: Our customer is using Oracle Lease Accounting to meet their ASC and IFRS reporting and compliance needs.One of the requirement is classify the Lease Liability into Short Term and Long Term.They are currently using Anaplan for Leases which has a specific way of classifying the ST and LT and varies in calculation with Oracle on ST/LT reclass.

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Business Impact:As this variance figure is large Customer needs a justification on how Oracle is arriving at these figures so they can run it by auditors before signing-off on the future state Lease Account processes.

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