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 a release option. Valid values are Release Only orClassification Test Only.
  3. In the Report Distribution, select a distribution list and export type for Mass Lease Release Report.
  4. Click Submit.