You can set transition values for a group of, or all, leases. You may select all leases, individual leases from a list, or all leases with one or more entries in a particular user-defined field. If you choose a user-defined field, a secondary window opens to allow you to select entries to match on.
You may use this to set the transition incremental borrowing rate (discount rate to be used for existing operating leases), or (for IFRS users only) to set the Low Value flag. The transition incremental borrowing rate should be entered as a percentage (e.g. 4.5% is entered as 4.5). For Low Value, you may either set it on or off for all matching leases, or test all matching leases to see if they are above or below the standard low-value threshold that you set in System Options.
Note: The transition IBR has no effect on capital/finance leases, as their discount rate is set at the inception of the lease; the rate doesn't change at transition like ASC 840 to ASC 842.
Available in the lessee & ARO workspace only.