Transitioning Leases to the New Accounting Standard
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Posted by Quest Customer Learning Team
- Last updated 7/11/22
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Steven Brenner, MIPRO Consulting
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued revisions to their respective leasing guidance. The revisions represent significant changes to lessee accounting. Do you have leases in either the PeopleSoft Asset Management or PeopleSoft Lease Administration modules that are impacted by the new accounting treatment outlined in ASC 842 and IFRS 16?If so, attend this session to learn about the changes Oracle has made to PeopleSoft Asset Management and Lease Administration and the activity guide released in Image 27 to facilitate the transition of your leases.
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