The following event types are delivered for use with the various chain jobs of Debt Management, but can also be used to manually record leases. Other event types used are in Accounts Payable.
LS01: Authorize Leases To Be Taken - This event type is used with the Debt Accounting (DA) transaction to record the amount authorized for entering into leases as the lessee. As those leases are made, this event type is used again to reduce the outstanding amount of that authorization.
Posting Pair A:
Dr A350: Leasing Authorized But Untaken (A)
Cr A351: Leasing Authorization Offset (CA)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: The same event type will subsequently be used with a negative accounting line to reduce the original balance as leases are made.
LS20: Record Capital Lease Payable - Current Portion - This event type is used with the Debt Accounting (DA) transaction to record the portion of lease principal that will be due to the lessor in the current year. This event type is also used with a negative accounting line to record any residual value adjustment at the end of the lease.
Posting Pair A:
Dr A368: Capital Lease Debt (E)
Cr A369: Capital Lease Payable - Current (L)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: While not directly referencing this event type, manually entered or system generated payables will reduce the current payable account.
LS21: Record Capital Lease Payable – Long Term Portion - This event type is used with the Debt Accounting (DA) transaction to record the portion of lease principal that will be due from the lessor after the current year.
Posting Pair A:
Dr A368: Capital Lease Debt (E)
Cr A370: Capital Lease Payable – Long Term (L)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: While not directly referencing this event type, manually entered or system generated entries will occur as a new year starts in the repayment of a lease. These entries will transfer from the long term account to the current account the portion of principal due in a given year.
LS22: Record Capital Lease Expense & Other Funding Sources - This event type is used with the Debt Accounting (DA) transaction to record the full amount of the lease.
Posting Pair A:
Dr A366: Capital Lease Expense (NE)
Cr A367: Other Financing Sources (NR)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: Referencing accounting activity for this event type is not possible.
LS23: Record Leased Capital Asset - This event type is used with the Fixed Asset Acquisition/Betterment (FA) transaction to record the leased asset.
Posting Pair A: Shell to Asset
Dr F002: Fixed Asset (A)
Cr A371: Fixed Assets Acquired from Capital Leases (E)
Posting Pair D: Contributed FA
Dr F002: Fixed Asset (A)
Cr A371: Fixed Assets Acquired from Capital Leases (E)
Posting Pair E: FA Adjustment
Dr F002: Fixed Asset (A)
Cr A371: Fixed Assets Acquired from Capital Leases (E)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: Referencing accounting activity for this event type is not possible. There may be subsequent fixed asset events that do not reference this event type such as disposing of the asset because ownership transfers back to the lessor.
LS24: Authorize Capital Lease Principal Payment - This event type is used with the General Accounting Expenditure (GAX) and Payment Request (PRC) transaction to setup a disbursement request to pay principal to the lessor. The only posting pairs used are the ones shown below.
Posting Pair A: Disbursement
Dr D011: External Accrued Expenditure / Expense (NS)
Cr D001: Disbursements Payable (L)
Posting Pair E: Pre Paid Asset
Dr A369: Capital Lease Payable - Current (L)
Cr A368: Capital Lease Debt (E)
Prior Event Types: Referenced accounting activity for this event type may be that of a GAE or PO with event type PR05 to encumber funds for principal payments.
Subsequent Event Types: Depending on the Disbursement Option on SOPT, the event types that will reference and liquidate AP01 are: Pay Expenditure Automatically (DI01-3) or Pay Expenditure Manually (DI51-3). The AP Event Type Crosswalk (APEVXW) and MD Default Event Type (MDDFEV) will ensure the correct event type is placed on the disbursement according to SOPT and other disbursement parameters.
LS30: Amortization of Lease Costs - This event type is used with the Debt Accounting (DA) transaction to setup lease costs and for later amortization.
Posting Pair A:
Dr A372: Unamortized Lease Costs (NE)
Cr A373: Accrual Basis Equity Offset – Leases (E)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: While not directly referencing this event type, the later amortizations of the lease costs will use the same event type with a negative line amount to reduce what was initially recorded.
LS31: Accrue Lease Expense - This event type is used with the Debt Accounting (DA) transaction to accrue any expense to be paid after the accrual period when the prior expense occurred before the start of that accrual period.
Posting Pair A:
Dr D011: Accrued Expense/Expenditure (NE)
Cr A374: Accrued Lease Expense Offset (L)
Prior Event Types: Referenced accounting activity for this event type is not possible.
Subsequent Event Types: The same event type is used in the reversal of the accrual in the next period when the schedule detail is Regular Payment.