Property Manager - EBS (MOSC)

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IFRS16 - Treatment of Prepaid Rent

edited Sep 19, 2019 5:08AM in Property Manager - EBS (MOSC) 4 commentsAnswered

Hello all,

We have applied the IFRS16 patches in our production system. Currently, we are using only the reports. One of our business requirements is to include prepaid rents in the ROU computation. For example, consider an annual lease with rent 1000 USD from Oct 2018 to Oct 2023 and last payment is made in October 2018.  The rents for Jan to Sep 2019 is paid last year and when we transition to IFRS16 in Jan 2019, this is to be included as part of the ROU. The current Oracle patches don’t seem to consider previous payments at all in any of

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