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FAM Lease management - issues
HI,
I am testing the new functionality on FAM lease management and have come up against several issues which I would like advice on....
1) It doesn't seem possible to modify a lease once it has been created. All of my company leases carry periodic rent reviews based on RPI/CPI which will likely increase payments and therefore change the ROU asset and liability valuations under IFRS 16 - how can I do this?
2) All of my UK leases are based on quarterly payments but the standard NS frequencies are only monthly or annually. The quarterly-ness changes the NPV of my ROU asset and liability significantly as the leases are property related and over a long period of time (anywhere from 15 to 150 years!!). Does anyone else have this issue?