US GaaP Reporting for India Based Leases
Summary:
US GaaP Reporting for India Based Leases
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We have some leases in India for our India offices. These leases have been created in the India ledger and being accounted as per IFRS16 standard. But the same leases need to be reported for US GaaP accounting to the parent company (Arcesium LLC). Now US GaaP accounting requires the same leases to be reported with different discounting rate than India and also certain types of payment which are not applicable in IFRS16 are to be reported for ASC 842 requirement for US GaaP.
How can be achieve this functionality in Oracle Lease Accounting module?
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