Reversing Postings

Getting Started

Global Functions

Administration

Extended Planning & Analysis (xP&A)

Consolidation & Financial Planning

ESG Reporting

Disclosure Management

XBRL Tagger

Lease Accounting

General Functions in Lease Accounting

User Roles in Lease Accounting

All Steps at a Glance

Basic Configuration for Lease Accounting

Selecting a Lessee

Collecting Data

Categorizing Components

Calculating Data

Creating Postings

Reversing Postings

Exporting Reports and Postings

Importing Postings into Consolidation & Financial Planning

Banking & Cash Management

Data Collection

Tax Compliance & Reporting

Glossary

In the Reverse postings workspace, you have the option of reversing postings that have already been created or exported.

Reversing a posting has the following consequences:

All postings that have been generated but

not yet exported

will be

archived

For every

already exported

posting, a corresponding contra entry will be created with the selected reversal posting date. Exporting the posting again causes the system to save the contra entry to the data archive.

The measurements, modifications and/or reassessments of a contract component are not reset.

After the posting has been reversed, contract components can be modified and reassessed and added with an effective date within the reversed periods.

The

status

of the affected periods is set to

not posted

. These periods can be posted again after the posting has been reversed.

Existing

reversal postings and reversed postings remain unaffected.

The reversal of a posting

cannot be undone

To reverse a posting:

Open the Reverse postings workspace:

Select the contract and the contract component for which you want to reverse the postings.

Select the period from which you want to reverse the postings.

Select the reversal posting date.

Click Reverse postings.

Note on configuration

It is only possible to select contracts and contract components that have been created for the selected reporting entity.

The period from which the postings are to be reversed must be within the lease term and before the last payment.

The reversal posting date must be greater than or equal to the start date of the contract component or the effective date of IFRS 16.

The reversal posting date must be greater than or equal to the maximum posting date of the reversed periods.

If the contract component is posted again, the new posting date for the reversed periods must be greater than or equal to the last active posting stamp for the relevant contract component.

The following example illustrates how a posting is reversed:

Created postings

Accounting period January 2024 | Posting stamp: March 2024

Accounting period February 2024 | Posting stamp: March 2024

Accounting period March 2024 | Posting stamp: March 2024

****

Last updated on Aug 16, 2023

Reversing Postings

Overview

Reversing Postings

Example of a Posting Reversal

Overview