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Lease Administration 9.2 - image 28 - Select both IFRS 16 and ASC 842 dual accounting

edited Oct 11, 2018 10:43AM in Asset Lifecycle Management - PSFT (MOSC) 3 commentsAnswered ✓

Hello,

  1. Delivered LA functionality complies with IFRS 16 and ASC 842 standards in PUM 28 only allows to select IFRS 16 OR ASC 842 for each LA BU.
  2. Cause, we have a requirement to meet both ASC 842 and IFRS 16 and all the detailed transactions need to be sent to GL and reported under IFRS 16 to the international entity for every unit in the respective LA BU.
  3. Does the delivered functionality allow dual accounting under both IFRS 16 and ASC 842 ?  If, 'YES' how?  Can anyone share the documentation please?
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