Reporting Currency Conversion for Asset Leases

You can report your leases in any currency other than your ledger currency.

When you use reporting currency conversion for your asset leases, you can:

• Maintain and report lease accounting and balances in more than one currency.
• Convert right-of-use asset balances at historical rates and lease liability balances at the current rate.
• Load your asset lease terminations or reassessments in bulk using the supplied file-based data import templates using the Import Asset Leases process.

You can view the lease amounts and accounting entries for primary and reporting currencies.

To use this feature, you must first create a corporate book with a primary ledger that has reporting currencies. Ensure that the Allow leased assets option is enabled for the book.