SAP 2007 / Page 2
Accounting Standards Board of Japan released
The Standard Accounting for Lease Contract
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 theprocedure’and ‘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.