Running the FAS 13 test on interfaced leases

Because interfacing usually involves multiple leases, the batch test method is suited for interfaced leases.

You can specify a lease classification on your interface file or run a FAS 13 test in Lease Accounting. You can run a FAS 13 test for one or more leases simultaneously.

You must interface a lease and an associated lease payment schedule before you can run a FAS 13 test.

  1. Select Lease Processing > Mass Lease Release.
  2. Specify this information:
    Company
    Select the name of the company and the Company Group field must be blank.
    Lease
    If you specify a lease number, then the Company field is required. The process affects that lease only.
    Company Group
    If you specify a company group, then the Company field must be blank.
    Lease Classification
    Select whether to include all, operating, or finance leases.
    Lease Type
    Run this process for leases that assign a specific lease type. All leases are selected by the process from the company, company group, or attribute list that match this type.
    Release Option
    Select whether the release is created as Release Only, FAS 13 Test Only, or Both Test And Release.
  3. In the Report Distribution, select a distribution list and export type for Mass Lease Release Report.
  4. Click Submit.