Restrictions for multiple accounting standards
When using multiple accounting standards, the following restrictions apply:
General
• The Discount rate field is mandatory.
• Only the Contract line commitments report supports the use of multiple accounting standards.
• If an impairment is used in combination with multiple accounting standards, you can only change the percentage, not the carrying amount. Planon then calculates the carrying value for the secondary or tertiary accounting standard.
• If initial direct costs are used in combination with old accounting standards, they cannot be changed after contract activation.
• If lease incentives are used in combination with old accounting standards, they cannot be changed after contract activation.
• When using an impairment in combination with accounting standards there is a difference in functionality:
◦ When using multiple accounting standards, you can only change the percentage in the wizard.
◦ When using a single accounting standard, you can change the amount and/or the percentage in the wizard.
Limited support
When using multiple accounting standards, the following fields are only used if they are applicable to the respective standard:
• Residual value
Not supported
• Headlease and sublease
• Reducing scope
• The following fields are not supported for contract lines with multiple accounting standards:
◦ Economic life span (if one of the accounting standards is ASC 842)
◦ Postponed payment date
◦ Lease accounting transition