Lease Management Updates in PeopleSoft

The new FASB ASC Accounting Standards Update 842 has raised a few concerns and created a little confusion on exactly how to best implement it and remain in compliance. To meet the new requirements, Oracle PeopleSoft delivered the Lease Administration Phase 4 updates in PeopleSoft 9.2 Image 27 for the shared functionality between Asset Management (AM) and Lease Administration (LA). If you’ve already deployed the Lease functionality in PeopleSoft AM, then you’ll need to review and update your current AM Leases and configuration to take advantage of the new functionality. Read more