When acquired by another entity, the parent entity will report existing leases liabilities as recalculated at the point of acquisition. I have to recalculate all pre-acquisition leases with a new discount rate manually using the rental obligations report.
I imagine it's a big job, but would it be possible to output lease reports with a recalculation of the PVMLP at the requested date using inputs similar to:
Category: vehicles; acquisition date: 1/1/2025; IBR to be used for active pre-acq leases: 5%
Category: property (logistics); acquisition date: 1/1/2025; IBR to be used for active pre-acq leases: 3.4%
Category: property (retail); acquisition date: 1/1/2025; IBR to be used for active pre-acq leases: 6.5%
Adding to this, would also be really helpful to have two 'versions' of entries (one for stats reporting which would continue on the pre-acq calculation, and one for Group reporting which would be on the re-calculation), and any in life changes apply to both.
Currently only solution to this is to have 2 active entries under different lessees and requires active monitoring to ensure alignment.