Private companies have until January 31, 2021 to meet accounting standards for the reporting of leases in accordance to the Financial Accounting Standards Board (FASB) Update ASC 842 and International Accounting Standards Board (IASB) IFRS 16. At a high level, lessees must recognize leased assets on the balance sheet for both property (office space, retail space, industrial warehouses, and so on) and non-property (office equipment, vehicles, and so on).

If you have not set up JD Edwards or manually managing the calculations and GL postings, watch this 10-minute YouTube webinar below to understand the four key steps to enable this functionality.

To learn more about how JD Edwards addresses the standards or Oracle License requirements, CLICK HERE.