Hello again everyone! Welcome to Part II in the blog series, “My Favorite PeopleSoft Lease Administration Transactions.” In Part I, we looked at amending a multi-asset lease to remove an asset. In this installment, we will look at a lease with quarterly payments. We will also review how Lease Administration creates straight-line accounting entries. Additionally,
Read More...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...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...A Few of My Favorite New Lease Administration Features Released in v9.2 PeopleSoft Lease Administration will soon be completing the final changes for ASC 842/IFRS 16 compliance and I will be covering that topic in later blogs. In the meantime, I would like to do a quick take and point out a few of my
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