Is it possible to modify the calculation for the the initial present value in asset leases (ARO)?
I used the provided documentation Suggested Implementation of Oracle Fusion Assets for FAS 143 Adoption (Doc ID 2862179.1) for my configuration for asset retirement obligations.
I would like to have guidance on the best approach to do the migration of existing asset retirement obligations and details on the initial present value calculation of the liability. I'm looking to migrate the data with their remaining life. However, I encounter a difference in the initial present value for the liability in Oracle versus the business' initial present value for the liability. See this example:
The amount difference is coming from the calculation method: