Query on implementation of lease accounting standards with pum 27

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

1. Lease Admin module – Configuration completed
2. Asset Management - Configuration completed
3. Contracts – Configuration related to Lease Admin
   completed

Lease Admin -  Installation option configured:

1. Apply ASC 842 and IFRS 16
   Accounting à
   Checked on.