Financed Lease with Contract Item Earnings and Loan with Benchmark Pricing Example Video
See linked video for complete details.
The linked 7 minute video provides an example of the earnings to expect on a lease with a contract item, and a loan with benchmark pricing. Click here
for the video.
Adjustment Item Earnings Method
Adjustment Item Earnings Method tells the system how to calculate earnings on Contract Items (such as IDC and the Loan item for loans). It defaults to "Customer" but there are 3 choices, all explained below. All three are applicable to Leases but ...
Suspending Residual Earnings on Sold Contract in ASPIRE
Suspending Residual Earnings on Sold Contract in ASPIRE When a lease is sold to a funding source with the residual retained, FASB ASC 860 states that the lessor cannot recognize earnings on the residual until maturity ...
Earnings Calculation Video
See linked video for complete details. The linked video reviews the earnings calculations on a financed lease and a loan. Click here for the 6 minute video.
ASPIRE Training Video Inventory
The following is a list of training videos available in this Knowledge Base. Be sure to browse the Category for additional information related to your topic. Accruals/Earnings Processing Earnings This video shows the different methods of processing ...
Contract Items in ASPIRE Contract Items in ASPIRE can be either amortized or recognized upfront. Certain contract items can also be financed depending on the contract finance product type. Click here for a 13:30 video walking through the Contract ...