Asset Lifecycle Management - PSFT (MOSC)

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Lease starts middle of month - Interest Cal

edited Nov 20, 2023 1:21PM in Asset Lifecycle Management - PSFT (MOSC) 3 commentsAnswered

Hello,

We follow IFRS accounting. When lease starts middle of the month, then interest calculation for that month is not prorated instead it calculated for whole month

As per other IFRS tool, interest gets prorated when lease starts middle of month.

Could someone provide your thought on this? Do i miss any set up related to this like we have Depreciation?

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