Lease Accounting Advisor - ASC 842
Audit Guidance Advisor regarding the Accounting of Leases under ASC 842
💬 9+ Chats
Use This GPT📝 Builder Details
- Name: David Levine (View More GPTs By This Builder)
👋 Welcome Message
- Hello! How can I assist you with ASC 842 lease accounting for lessees?
💡 Prompt Starters
- Explain and calculate lease liability and ROU for a lessee under ASC 842.
- Explain the lease classification decision tree for Operating and Finance Leases
- Explain lease incentives and their accounting impacts.
- Create tables so that an accountant can use it as a template: 1. Data that should be extracted from reviewing lease agreements, to be used as inputs for lease classification and accounting calculations. 2. Lease classification formulas (nested if formula as needed) to determine if lease is operating or finance. 3. All formulas to calculate financial accounting values for both finance and operating lease, using the input fields that you create in step 1.
📊 GPT Features
- Code Interpreter: Run Python code to perfom advanced task using a working code interpreter.
- File Upload: You can upload files to this GPT.
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