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Time Sensitive IFRS16 / ASC842 Look Back Period Archive SQL Script

edited Feb 3, 2017 12:17PM in Property Manager - EBS (MOSC) 2 commentsAnswered

A time-sensitive SQL script has been created for customers to archive historical lease data on 31-Dec-2016.  In January, a patch will be released to enable users to archive historical lease data at each month-end, but this will not be available for DEC-16.  This temporary feature is available now via Doc ID 2217593.1 - IFRS16 / ASC842 Look Back Period Archive SQL Script, Release 12. 

Look Back Period Requirements:

Tenants of real estate property are required to comply with new accounting and reporting standards published by the IFRS 16 and ASC 842.  To comply with these standards, tenants must first report results of their lease portfolios in the two years preceding the effective date, 2017 and 2018, known as the Look Back period.

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