Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Migrated Leases - guidance on how to account for differences in Opening Lease Liability amount

in Lease Accounting 3 comments

Summary:

Migrated Leases - guidance on how to account for differences in Opening Lease Liability

Content (please ensure you mask any confidential information):

Currently my customer accounts for leases offline in a spreadsheet. They are migrating their Leases to the Lease Accounting functionality in Oracle. We are experiences differences in the Lease Liability calculations as a result of the migration, due to rounding and differences in calculation methods. I expect this would be typical when migrating leases.

What is the guidance around accounting for the differences in Opening Lease Liability?

Version (include the version you are using, if applicable):

23D

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!