JDE Lease Accounting Software Updates: Video Overview

The JD Edwards EnterpriseOne Lease Management solution provides programs and processes that enable lessees and lessors of property and non-property assets to accurately and efficiently account for those leases on their financial statements.

FASC and IFRS released a new accounting guidance, which states that Lessee type lease agreements now require companies to recognize Rights and Obligations on the Balance Sheet. Businesses must Amortize the newly created Right of Use Asset and decrease the Lease Liability over the life of the lease.

The New Accounting Guidance also requires classification of Lessee type leases as Financing or Operating. Learn more 👇
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