Setting up initial lease records

A contract administrator or a lease accountant can create new lease records depending on the scenario.

As a contract administrator, you can create new leases with the following scenarios or a combination of these scenarios:

• Initial lease with IDC, Prepayment and/or Incentive Before and/or After Commencement Date.
• Initial lease with increase based on index change with or without the % minimum.
• Initial lease with Gross %.
• Initial lease with dismantle cost setup on Day 1.
• Initial lease with residual value guarantee setup on Day 1.
• Initial lease with Local Reporting and different Incremental Borrowing Rate.
• Short term lease (lease term <= 12 months).
• Transition existing lease with exit and disposal balance (Day 1 Loss - ASC420).

As a lease accountant, you can create new leases with the following scenarios or a combination of these scenarios:

• Initial lease with Initial Direct Cost (IDC), Prepayment and/or Incentive Before and/or After Commencement Date
• Initial lease with increase based on index change with or without the % minimum
• Initial lease with Gross %
• Initial lease with dismantle cost setup on Day 1
• Initial lease with residual value guarantee setup on Day 1