Property Manager - EBS (MOSC)

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Is it required to perform the the IFRS compliance accounting transition process for customers who do

edited Sep 4, 2019 2:15PM in Property Manager - EBS (MOSC) 10 commentsAnswered ✓

Hi All,

We are planning to do a fresh implementation for Oracle Property Manager for one of our clients who never had a solution for the leases and used to handle them manually.

We would like to know whether we have to perform the IFRS compliance accounting transition process or not?

If Yes, then I have some concerns as follows:

1. What should be the transition date and how that would affect the leases that have old commencement dates?

2. Should we go with Phase I approach or go directly with Phase II approach?

3. Having said that this is a fresh implementation, Is it better to go with Full retrospective or Modified retrospective approach?

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