Modify Amortization Schedule

Explanation

This activity is used to modify the calculations in an amortization schedule by using the right mouse button option Modify Amortization Schedule on the header and the General tab of the Lease Accounting window.

Prerequisites

In order to modify an amortization schedule, the following must have been completed:

• An Amortization Schedule should have been created for a lease contract.
• New terms and conditions line (with Category, Standard Terms or One-Time Payment) should have been entered in addition to the terms and conditions lines already used in the Amortization Schedule.
• Status of the Lease Accounting window should be in the status Preliminary.

System Effects

As a result of this activity, the calculations in an amortization schedule will be updated to reflect the future cash flows and the present value calculations therein.

Also, it will show a difference in the Difference in Liability by comparing the Lease Liability Beginning Balance of the schedule from which the calculations are updated and the Lease Liability Ending Balance of the previous line.

Window

Lease Accounting

Related Window Descriptions

Modify Amortization Schedule
Lease Accounting/General

Procedure

Use the following procedure to modify the calculations in an amortization schedule:

1. Open the Lease Accounting window and search for the lease contract of which you want to modify the calculations in an amortization schedule.
2. Select right mouse button option Modify Amortization Schedule on the header and the General tab of the Lease Accounting window to open the Modify Amortization Schedule dialog box.
3. Enter the installment due date on which the present value of minimum lease payments should be calculated in the Base Date for Present Value Calculation field.
   Note: When the given date does not fall in to a specific due date of an installment in the Amortization Schedule, the next possible installment due date is considered for the Present Value Calculation.
4. Click OK.