Welcome! I would like to introduce my next blog series, “My Favorite PeopleSoft Lease Administration Transactions.” With the new accounting rules taking effect this year, I’ve had plenty of opportunity to work with PeopleSoft Lease Administration using PUM 27 to 30 (especially PUM’s 28 to 30 over the past six months). As a consultant and
Read More...Since 2019 is now upon us, some organizations have already implemented PeopleSoft Lease Administration. Some are in the final stages for go-live preparation. Some organizations have not yet started to implement a solution and are targeting 2019 to do so. The good news is that PeopleSoft has you covered regardless of your project go-live target
Read More...I would like to remind everyone that the deadline for compliance with the new ASC 842 & IFRS 16 rules is fast approaching. My headline is a bold statement, but it can hold true if you can answer yes to the following questions: Have you already identified all your leases, including the payment schedules? Do
Read More...The deadline for compliance with the new ASC 842 & IFRS 16 rules is fast approaching. My headline is a bold statement, but it can hold true if you can answer yes to the following questions: Have you already identified all your leases, including the payment schedules? Do you already have your new lease accounting
Read More...Hello again everyone. This is now part 5 of my five-part series. In my previous blogs I took an expanded look at our lease example by illustrating the required journal entries and expanding my lease example with different financial terms. In my closing blog, I’d like to do some wrap-up discussion and discuss next steps
Read More...Part 4 of 5 Hello again everyone. This is now part IV of my five-part series, expanded lease accounting discussion III. In my previous blog, we discussed the journal entries required to create our lease accounting balances. In this blog, I want to introduce some additional lease financial terms and discuss the impacts on our
Read More...Hello again everyone. This is now part III of a five-part series that I have devoted to taking a deep dive on the new lease accounting standards. The next 2 blogs in the series, parts 3 & 4, will be an expanded discussion for our lease accounting example that was started in the previous blog.
Read More...Deep Dive Blog Series: Part 2 of 5 Hello again everyone. This is now part II of a five-part series that I have devoted to the new lease accounting standards. This part will discuss a basic lease accounting example to compare the current standards to the new standards. For your reference, here is the complete
Read More...Deep Dive Blog Series: Part 1 of 5 Hello everyone. I am working on a 5-part blog series for the new ASC 842 Accounting Lease Standards. The 5 parts will be as follows: Blog series introduction and new lease accounting terminology Basic lease accounting example Expanded lease accounting discussion – I Expanded lease accounting discussion
Read More...Preparing for the new Lease Accounting changes with PeopleSoft Lease Administration In a previous blog I discussed the high level steps to prepare for the new lease accounting changes. In this blog I will be focusing on the first step, identifying your leased assets. The reason for the deeper dive on this step is that
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