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En Leasing Ver41

En Leasing Ver41

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Published by Kumar_namaste
SAP Solution for the revision of accounting procedure about the finance lease contract without transferring the right of property ownership to lessee Version 4.1
SAP Japan January 31st , 2008
SAP Solution for the revision of accounting procedure about the finance lease contract without transferring the right of property ownership to lessee Version 4.1
SAP Japan January 31st , 2008

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Published by: Kumar_namaste on Mar 02, 2014
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SAPJAPAN
‘The Standard Accounting for Lease Contract
‘The Implementation Guidance for Lease Contract
SAPSolution for the revision of accounting procedure about the finance leasecontract withouttransferring the right of property ownership to lesseeVersion4.1
SAPJapanJanuary 31
st
, 2008
 
©
SAP 2007 / Page 2
 Accounting Standards Board of Japan released
The Standard Accounting for Lease Contract
and
The Implementation Guidance for Lease Contract
on March 30,2007. The prime subject describedin those documents is that the accounting procedure of a rental contract is prohibited in any caseof posting the finance lease contract, regardless of transferring the right of ownership to lessee. Itis required that all corporations adopt the accounting procedureof the sales contract instead.We SAP Japan arranged requirements for the system and draw up the document about thesolution, gathering many kinds of information which we’ve gotten so far.The content of this file is below;First of all, we described ‘requirements for systems’in the procedure of the sales contract aboutthe finance lease without transferring the right of ownership tolessee.Second, following the first part ‘requirements for systems’above, we described ‘SAP solution for 
The Implementation Guidance
’.Finally, we described ‘solutions for the other requirements which are likely to happenthrough theprocedureand ‘frequently-asked-questions‘.By the way, the solution which we propose in this script may be changeable depending on acustomer’s specific requirement. And, it would be possible that the solution could not fulfill everyrequirement, even though a customer wants to set it up.We hope that our customers make good use this document as a guidance.
Introduction
 
©
SAP 2007 / Page 3
This guidance shows, for SAP users, the solution for the accounting procedure of asales contract in case of posting finance lease contract.This guidance focuses only on the finance lease contract on the lessee’s side andwithout transferring the right of ownership to lessee.Pictures of SAP ERP which are attached in this document, are copied on theversionSAP ERP 6.0.We’ve arranged this guidance on the basis of requirements which areconsideredas conventional ones. It is required for users to make sure if they could adopt thissolution under their own system. We’d appreciate every user understands that thesolutions described here does not always to realize all requirements as they want.If a user already adopted non-SAP system for financing lease assets, it would notbealways necessary to change the system to SAP system. We mean that every user has to consider which system fulfills its requirements and choose system or solution.This guidance would be revised without notice.The solutions described in this guidance are available for more than the version4.6C. It would be possible that users, on less than the version 4.6C, could not adoptthis guidance.
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