Property Manager - EBS (MOSC)

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Lease Liability Revaluation

edited Apr 21, 2020 9:28AM in Property Manager - EBS (MOSC) 6 commentsAnswered

Hi

Currently when lease is approved it creates a booking journal for Liability and ROU at a certain rate for foreign currency lease.

ROU will depreciation at the initial rate until the end of the lease(HAPPY).

The LIABILITY is recognized at the initial rate but MONTHLY PAYMENT and INTEREST are at spot rate of when payment schedule and accruals are run.

We are expecting to recognize CURRENCY GAINS and LOSS for the difference initial rate and current spot rate.

How do we revalue the LEASE LIABILITY?

Regards

Kevin Mazibuko

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