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 Contract window.
In order to modify an amortization schedule, the following must have been completed:
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.
Lease Accounting
Contract
Lease Accounting Contracts
Lease Contract Modification Detail
Modify Amortization Schedule
Lease Accounting Contract
Lease Accounting
Contracts
Lease Contract
Modification Detail
Use the following procedure to modify the calculations in an amortization schedule:
Note: The same procedure can be carried out for multiple contracts from Lease Contracts Modification Details window..