About UGAAP
UGAAP provides a lease accounting solution under the new standard. It includes journal entries, disclosure reports, multi-currency (including functional currency treatment), implicit rate calculation, lease classification test, transitional functions, audit trail, segregation of duties and visual overview charts.
UGAAP includes journal entries for the entire life cycles of leases, including commencement, interim, modification and termination. Accounting is available for lessees and lessors with interest rates implicit in the lease calculation.
UGAAP includes a lease classification test at the commencement as well as at modifications and reassessments. Users can search the system by keywords, and all data is automatically validated.