Fasb expense recognition

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To report on leases in different currencies, the report would need to convert to the organizational budget currency and it does not do so at this time. While the Lease Classification Wizard and the amortization schedule support costs in the transaction payment currency, all costs are in USD for reporting on the US FASB standard.

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These reports summarize amortization schedule data stored in the ls_amort_sched table.

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Real Property / Leases / Lease Portfolio Lease Expense Recognition Reportįrom the Real Property / Leases / Lease Portfolio / Lease Expense Recognition task, stakeholders reviewing FASB information can generate several reports and aggregations of the amortization schedule.

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