Property Manager - EBS (MOSC)

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Compliance with GASB 87

edited Jan 9, 2023 7:10PM in Property Manager - EBS (MOSC) 4 commentsAnswered ✓

Under new GASB-87 requirements:

1) At inception, the entire present value of the lease is expensed as capital outlay and offset with other financing sources of an equal amount.

2) Each subsequent lease payment is expensed based on the amortization schedule – the principal and interest expenditures equal the total monthly lease payment

Does Oracle leases handle the new requirements

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