IV96316: INITIAL LIABILITY CARRYOVER BALANCE
Closed as fixed if next.
platform/application version: 10.5.2/3.5.2 Please check OOB functionality on the 'Initial Liability Carryover' field. In the case of both operating (see Lease ID 1000468) and Capital (see Lease ID 1000473), when a value is entered in this field the ROU Asset in the future accounting schedules are not reduced at Day 1. What should happen: Day 1 ROU = Day 1 LL + IDCs - Initial Liability Carryover What is happening in KLT currently: Day 1 ROU = Day 1 LL + IDCs The balance entered in this field, should get pulled into the Day 1 ROU Asset balance and it currently does not. If this field is functioning per OOB, then we need to raise this to IBM to fix. It is critical for ensuring that the transition to the new standard is accounted for correctly.
Initial Carryover Balance is not applied to new accounting schedules, if your leases created on or after look back period, now initial carryover balance will be applied to Operating/Finance leases. Following objects modified 1. RE form > Initial Carryover Balance >label change 2. Asset Lease form > Initial Carryover Balance >label change 3. triContract - Synchronous - Get Look Back Fiscal Period >new workflow 4. triContract - Subflow - Likely Term - Calculate New Asset Value > added switch condition to update ICB. 5. triContract - Synchronous - Likely Term - Calculate Accrued Liability >added switch condition to update ICB. 6. triContract - Synchronous - Re-Calculate Fiscal Line Item Values > passed history contract to Accrured liability workflow 7. triContract - Subflow - Likely Term - Calculate Current Straight-Line Values > called update ICB workflow 8. triContract - Synchronous - Likely Term - Update Initial Carryover Balance >new workflow
Initial Carryover Balance is not applied to new accounting schedules, if you leases created on or after look back period, now initial carryover balance will be applied to Operating/Finance leases. This is targeted to the 1h2017 Application/OM release.
Reported component name
TRI APP PLTFM R
Reported component ID
NoSpecatt / Xsystem
Last modified date
APAR is sysrouted FROM one or more of the following:
APAR is sysrouted TO one or more of the following: