Issue link: https://resources.tangoanalytics.com/i/1529537
Key Process Decisions: Above/Below Market Adjustments Including above/below market adjustments in a separate accounting schedule: ▪ Concluded adjustment entered in the Favorable (Unfavorable) Lease field in a separate accounting schedule within the lease record ▪ Separate schedule includes an opening ROU asset adjustment and go-forward amortization entries ▪ Best practice: unique Expense Type to differentiate from lease accounting schedule ▪ Allows for ongoing lease accounting entries while valuations are in process ▪ Need to maintain two lease schedules in a record − Can consolidate into one schedule upon remeasurement RSM | 20