Lease Accounting

This section contains enhancements in Infor Financials and Supply Management.

Two new lists to the Lease Home Page

There are two new lists added. The Next Lease Due Date list displays the next due date of a lease and the Upcoming Lease Renewal Options list displays the upcoming renewal options within the next 90 days of a lease. The screen layout for the lease specialist home page has been updated to accommodate the new lists.

Program/Business class/Process affected:

  • Lease
  • LeaseManagementPage

Use these steps to test the enhancement:

  1. Verify the Next Lease Due Date list and the Upcoming Lease Renewal Options list are visible.
  2. Release a lease with a renewal option within 90 days of the current date. The lease should be displayed in the on the upcoming lease renewal options list.

Dependencies:

None

JT-1722621

Additional adjustment information can be seen on OL leases but not on FL or GASB87 leases

The modification process for Finance Lease has an additional message which provides the adjustment amount on the asset This message is added for Operating Lease.

Program/Business class/Process affected:

LeaseModification

Use these steps to test the enhancement:

  1. Process an Adjustment for a Financed Lease.
  2. Verify that there is a message on the summary page indicating the asset adjustment. For example, "An adjustment will be made to the lease asset of x amount".

Dependencies:

None

JT-1752146

Classification Tab for GASB87 Lease

GASB87 leases don't run the classification test to determine the obligation, ROU, and present value. Instead, there is a present value action. Renaming the classification tab creates consistency for the UI on GASB87 leases. Also, a present value panel was created on the lease dashboard for GASB leases.

This enhancement also removed the base currency values for Lease ROU, obligation, and present value from both the classification tab and present value tab if the lease and base currency were the same.

Program/Business class/Process affected:

Lease

Use these steps to test the enhancement:

  1. Create a GASB87 lease. When saved, the classification tab will turn into the present value tab.
  2. Run the present value action after adding payments and the tab will be populated.
  3. If base currency and lease currency are the same test to see if the base currency column on the present value and classification tab is no longer on the screen. When the base currency and lease currency are different both base and lease currency values for obligation, ROU, and present value should appear.

Dependencies:

None

JT-1741466