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Asset Lifecycle Management - PSFT (MOSC)

Query on implementation of lease accounting standards with pum 27

May 1, 2018 1:32PM edited Jun 5, 2018 5:09AM in Asset Lifecycle Management - PSFT (MOSC) 1 commentAnswered

Implementation of new lease accounting standards

Objective:

Implementation of new lease admin accounting standards using
PeopleSoft Lease Admin module

PeopleSoft Release Installed:

We have configured PeopleSoft Lease Admin and
Asset Management on PeopleSoft 9.2 PUM 27.

We are currently in the process of implementing Lease
Administration module. We have done the following so far:

Existing Modules that are in Prod (Related to Lease Admin):

PeopleSoft
AP, BI, AR, GL

New Modules being configured

Lease Admin module – Configuration completed
Asset Management - Configuration completed
Contracts – Configuration related to Lease Admin
completed

Lease Admin - Installation option configured:

Apply ASC 842 and IFRS 16
Accounting à
Checked on.

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