on 2024 Jan 10 3:19 PM
Hi
I would like to know in detail about handling cutover for leased asset migration.
I have gone through note 2544232 (Scenario - 2)
But i need more details on the statistical rule to be set up,
What be the the first posting date and start of consideration - will it be the actual start date of the contract or the cutover date.
Regards,
Charmaine
Request clarification before answering.
Hi,
The dates depend on the moment you want to go live with these lease contracts. Let's assume that you want to go live on the first of January 2024 this is the date you must use.
So the condition Asset value specified (legacy data) must be 01.01.2024 and also the Start of consideration in the Valuation parameters must be 01.01.2024. The First posting date in the Valuation parameters does not have to be filled.
The Asset value specified must be the Net book value of the asset on 01.01.2024. The values are posted via Asset accounting. The Liability is calculated from 01.01.2024 for the future amounts to be paid in the lease contract.
In the lease contract itself you also have the Cash flow from and the First posting date. Depending on if you want to post the conditions from the contract you should also fill these fields accordingly. This means that the Cash flow for the conditions is generated per that date but no later then 01.01.2024. The First posting date should always be 01.01.2024 if this is the migration date.
Good luck with the migration,
Jeroen
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Hi Jeroen, Many thanks for your input, I have a question regarding the migration of Leased Assets and Lease Contract creation
let's assume from your example mentioned Golive Jan 2024,
When migrating leased Assets, you must migrate the Acquisition cost and Cumulative values i.e Net book Value as of 01.01.2024.
upon creating the lease contract as of 01.01.2024
The system will post the remaining ROU from 01.01.2024 to the migrated asset, which is incorrect.
Any suggestions help.
Many thanks
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