Property Manager - EBS (MOSC)

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Calculation of beginning ROU Asset / Liability amounts when migrating lease amendments

in Property Manager - EBS (MOSC) 4 commentsAnswered

Hi,

Customer has currently implemented IFRS16 for Leases. Requirement is to migrate these leases to a brand new instance. As there are a large number of leases with amendments, would like to know how the system would calculate the ROU Asset / Liability beginning amounts for the leases and amendments with commencement date in the past. Giving below the steps proposed for migration and an example of lease with amendment.

Steps for Migration

  1. Complete Functional setups in OPM and SLA IFRS16 setups
  2. Set Transition Date to System Date in Systems Option
  3. Migrate leases with Original term
  4. Amend Lease created in step3 by creating a payment term for amendments

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