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What are the best practices for analyzing cloud ERP data? Data Management. How do we create a datawarehouse or data lake in the cloud using our cloud ERP? How do I access the legacy data from my previous ERP? How can we rapidly build BI reports on cloud ERP data without any help from IT?
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Theyre also shaking things up in terms of how government agencies need to present their financial statements, including footnote disclosures. GASB 96: Liability calculated based on the present value of subscription payments Disclosure requirements GASB 87: Requires disclosure of the nature of leasing arrangements.
Lease Liabilities Lessees should disclose the total amount of lease liabilities, along with a maturity analysis that presents the undiscounted cash flows to meet the lease liabilities in each of the five subsequent fiscal years and in five-year increments thereafter.
Subscription liability is initially measured as at the present value of subscription payments expected to be made during the subscription term. The standard should be adopted retrospectively by restating financial statements, if practicable, for all prior fiscal years presented. Earlier adoption is also permitted.
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The asset is based on the present value of future lease payments, and the liability includes both the principal and interest components of those payments. Get a Demo See how companies are getting live data from their ERP into Excel, and closing their books 4 days faster every month.
the first year presented In your financial statements), but cutover on the transition date is permissible if restatement is not practicable. Disclosures are somewhat different (including requiring future rents to be reported in 5-year tranches until final expiration).
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