IJ03849: WHEN USING THE 5-4-4 CALENDAR, THE PARTIAL PAYMENTS ARE NOT BEING CALCULATED CORRECTLY.

10.5.3-TIV-PDM-FP001
10.5.3-TIV-PDM-FP001-README

APAR status

• Closed as fixed if next.

Error description

• Period 2020-07 should have the amount of the partial last of
  the first payment schedule and partial first of the second
  payment schedule combined, but it shows only $10,000.
  
  Import GMI 544 calendar first.
  
  Create a lease start 12/29/2014 and expired on 1/26/2025.
  Create 2 monthly payment schedules
  - 1/1/2015 - 12/15/2019 for $10,000 (Partial Last Amount)
  
  - 12/16/2019 - 12/31/2024 for $20,000 (Partial First Amount)
  
  Submit for Accounting Review.
  Set Accounting Start = 12/29/2014 and Accounting End =
  1/26/2025. Accounting Calendar = 5-4-4 Fiscal Year Calendar
  FASB Treatment, FASB Lease Type = Building and Land and click
  Calculate Lease Treatment.
  Click Generate Accounting Schedules.
  

Local fix

Problem summary

• When using the retail calendar, NPV is now calculated correctly.
  The liability and asset value are coming down to 0 at the end of
  the lease term. This issue will be resolved in our next major
  release version, which is tentatively planned for 1H 2018.
  

Problem conclusion

Temporary fix

Comments

APAR Information

• APAR is sysrouted FROM one or more of the following:

• APAR is sysrouted TO one or more of the following:

Fix information

Applicable component levels