Disclosure Report Series: Weighted Average Remaining Lease Term and Discount Rate
Download and check out our breakdown of the Weighted Average Remaining Lease Term and Discount Rate report where we give a 360-degree look at the report so you can have full understanding of…
What the report is for
Changes made since the last release
What the report requires to run properly
How the report fits in your process
The Weighted Average Remaining Lease Term and Discount Rate report is one of many ASC 842 Disclosure Reports provided by IBM TRIRIGA Out-of-the-box (OOB). This report addresses ASC 842-20-55-11 & 12, which states,
842-20-55-11 The lessee should calculate the weighted-average remaining lease term on the basis of the remaining lease term and the lease liability balance for each lease as of the reporting date.
842-20-55-12 The lessee should calculate the weighted-average discount rate on the basis of both of the following:
a. The discount rate for the lease that was used to calculate the lease liability balance for each lease as of the reporting date.
b. The remaining balance of the lease payments for each lease as of the reporting date.
IBM is currently providing the Disclosure Reports outside of the usual application upgrades and can be downloaded here. The most recent set of Disclosure Reports were released at the same time (3/15/2019) as the IBM TRIRIGA 10.6.0.1 fix pack, which can be found here. Although it isn’t packaged in an application upgrade, please keep in mind that the reports do rely on fields and processes that may only be available in a more recent or current release.