Beginner
Lease Classification Tool (ASC 842)
Determines if a lease is Operating or Finance based on the five classification criteria. Essential for real estate and equipment accounting.
Perform a lease classification analysis under ASC 842 for the following asset: {asset_description}. Terms: Lease term is {term_years} years, useful life is {useful_life} years, PV of lease payments is {pv_payments}, and Fair Value is {fair_value}. Determine if it is an Operating or Finance lease by testing the five criteria (Transfer of ownership, Purchase option, Term vs Life, PV vs FV, Specialized nature).Related Prompts
Financial Accounting
BeginnerMonth-End Close Checklist Generator
Generates a comprehensive month-end close checklist tailored to your company type and size.
ChatGPT-4oClaude Sonnet 4.5Gemini 2.5 Pro
1
4
257
Financial Accounting
AdvancedASC 606 disclosure checklist mapped to data sources
Generates an ASC 606/IFRS 15 disclosure checklist and maps each disclosure to internal data sources and owners. Ideal for SEC reporting teams and controllers improving disclosure readiness.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
67
Financial Accounting
BeginnerCPE/Professional Development Planner
Helping staff map out their required credits while aligning with firm goals.
GPT-4oGemini 1.5 Pro
0
0
54