IJ07706: IFRS EXPENSE LEASE WITH A RENEWAL OPTION DOES NOT RECALCULATE THE CORRECT RENT EXPENSE IN STRAIGHT LINE SCHEDULE

10.6.0-TIV-PDM-FP001-README
10.6.0-TIV-PDM-FP001

APAR status

• Closed as fixed if next.

Error description

• An IFRS expense lease with a renewal option does not recalculate
  the correct rent expense in the straight line schedule when a
  change in assessment revision is applied.
  
  When an IFRS (International Financial Reporting Standards)
  active lease is revised (Accounting Revise - Change in
  Assessment) and a renewal option is selected, the Rent Expense
  (straight line schedule) is not recalculated from the Fiscal
  Period.
  
  Problem type: Real Estate Lease Application
  Found In Product Version:  10.5.3
  
  Expected fix in version: A fix has yet to be determined and we
  are unable to project a target at this time.
  
  Expected Fix: Rent Expense in both the Straight Line Schedule
  and the Finance schedule should be the same.
  
  Key words: IFRS expense, Accounting revise, Straight
  line/Finance Schedule
  

Local fix

Problem summary

• Accounting revision through Change in Assessment and Contractual
  factor will update Accounting start date and Original Accounting
  start date. Hence rent expense will be calculated properly for
  SL Schedules. This issue will be resovled in our next major
  release version, which is tentatively planned for 1H 2019.
  

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