Asset Lifecycle Management - PSFT (MOSC)

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GASB 96 question

in Asset Lifecycle Management - PSFT (MOSC) 2 commentsAnswered

Hello we are using Peoplesoft 9.2 with PUM 46 tools 8.89.

We intend to use Asset Management with LA Shared Functionality for GASB 87 payables leases.

Can we use the same shared functionality to capture accounting entries for GASB 96? Or do we need to get the licensed version of the Lease Administration and make the necessary configuration to meet GASB 96?

I am asking because Oracle Document ID Doc ID 2919492.1 states the following..


"There is no available documentation/guide for implementing Lease Accounting for GASB 96 at this point.

As per Oracle Product Strategy team:

 • GASB 94 and 96 did not require any changes to be made to Lease Administration. The solution can be created through configuration.

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