Property Manager - EBS (MOSC)

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IFRS16 Transition Opening Balance

edited Apr 26, 2019 5:02AM in Property Manager - EBS (MOSC) 5 commentsAnswered

Good Day;

Our accountants have an issue with the way Oracle is calculating opening balance for transition leases.

Example: Transition date: 01-April-19

The system requires that you run "Calculate ROU Asset and Liability balances with streams" in final status for March-19 before running "Calculate Balances as on Transition Date"

Issue:

The issue is that ROU and Liability are only equal as per the opening balance of 01-March-19.

The accountant needs ROU and Liability to be the same from 01-April-19.

Meaning the ROU and Liability balance on 01-April-19 is already discounted.

Is there a way to do the migration so that ROU and Liability are the same from Transition date(April) not a period prior(March).

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