Financial - JDE1 (MOSC)

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IFRS 16 JD Edwards

edited Jan 15, 2018 7:27AM in Financial - JDE1 (MOSC) 2 commentsAnswered

We have a requirement of IFRS 16 wherein

Companies need to start entering leases as assets and not only as costs.

The equivalent to the acquisition value of the asset should be the total cost over the lease period.

A part of the lease fee is to be considered as interest, hence the monthly cost will be split into depreciation and interest.

Low value assets can be exempted.

The interest rate our Client will use is yet to be decided.

There is a request to connect this to the lease agreements in JDE.

We would like to know if there is any existing development available and if not Oracle would be providing support for this requirement?

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