Core TSIs : Lease Accounting : Lease accounting - Field descriptions : Transition definition fields
Transition definition fields
Field
Description
Code
Enter a code for the transition definition.
Description
Enter a name for the transition definition.
New accounting standard
Select the required accounting standard for transition. You can choose between IFRS16 and ASC842.
Transition type
Select the required transition type. You can choose between FR - Full retrospective, MR&FR - Modified retrospective with right of use based on full retrospective, MR - Modified retrospective and ONB - Onboarding contract line.
Effective transition year
If you want to transition to the new accounting standard before 2019, you can do this by entering the desired financial year for transition in this field.
* 
CON_LINE - Contract line specified: You must select this field if you are importing or entering contract lines from other applications to Planon.
Discount rate
Specify the discount rate, if required.
Date of change
Displays the date on which the transition definition is created.