IFRS16 Transition Opening Balance
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).