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In accordance with ASC 842, a Company must disclose the Option to Extend terms in the 10-K disclosure. Southwest must disclose Real Estate, Asset and Aircraft Asset class separately. The 11.1 Options Master Report does not allow parameters to run it based on Contract Type. In addition, there is no Contract Type in the report to be able to FILTER it for each type. Thus, we are utilizing our BIRT 10.6.1 report as it can be run for each type. In addition, this would be something we would recommend adding to ALL disclosure reports. We opened an IDEA to add contract type to each report, but have not heard back in the portal on this. If contract type was there, we could potentially filter the 11.1 report to get the necessary disclosures.
Idea priority | High |
Needed By | Not sure -- Just thought it was cool |
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Hello Praveen, Thank you for taking the time to provide your ideas to IBM. Our team has evaluated your idea and we will leave it here and review periodically for possible inclusion in a future release. You can encourage others to show support by voting on this idea. Thank you again for your feedback.