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).

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Month-End Close Checklist Generator

Generates a comprehensive month-end close checklist tailored to your company type and size.

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Lease Modification: ASC 842 Analysis

Determines if a lease change should be treated as a new lease or a remeasurement.

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Impairment indicator screen and impairment test outline

Screens for impairment indicators and outlines an impairment test approach with documentation steps. Useful for controllers and advisors supporting annual impairment reviews.

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