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Using the Lease Accounting Report to Classify Current and Non-Current Balances in Revenue Recognitio

in Financial - JDE1 (MOSC)

This new document explains the setup and processing required for the Lease Accounting Report to Classify Current and Non-Current Balances for Right-of-Use assets and Lease liabilities (R15190). This lease accounting report enables companies to comply with the FASB 842 requirement to classify right-of-use assets and lease liabilities as current and noncurrent in classified statements of financial position. The report can optionally create a reclassification journal entry. Doc ID 2892223.1. https://bit.ly/3SWOFjD

#E1Financials #RevenueRecognition

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