Finance AI Skill

Lease Accounting Asc842 Ifrs16

Manage lease accounting under ASC 842 (US GAAP) and IFRS 16 including lease identification, classification, right-of-use (ROU) asset and lease liability calculations, lease modifications, remeasurements, and lease disclosure preparation. Use when onboarding ASC 842/IFRS 16, calculating lease obligations, recording lease journal entries, managing lease modifications, preparing lease disclosures, or maintaining lease abstracts. Triggers on phrases like "ASC 842", "IFRS 16", "lease accounting", "ROU asset", "right of use", "lease liability", "lease abstract", "lease modification", "lease remeasurement", "operating lease", "finance lease", "lease disclosure".