> US GAAP lease accounting under ASC 842 (Leases). Covers the lessee dual model — every lease (other than short-term) puts a right-of-use asset and a lease liability on the balance sheet, then splits into finance leases (front-loaded interest + straight-line ROU amortization) versus operating leases (a single straight-line total lease cost). Covers lease identification and the finance-versus-operating classification criteria, initial and subsequent measurement, the discount rate, short-term and component elections, variable lease payments, remeasurement and reassessment triggers, modifications, the lessor model (sales-type, direct financing, operating), and sale-leaseback. Produces classification conclusions, journal entries, and a reviewer brief. Issued as the US GAAP edition of the leases topic; see ifrs16-leases for the IFRS edition. MUST load alongside financial-reporting-workflow-base.
Install with
Claude CodeCodexCursorGitHub CopilotGemini CLI
Supported by the Atlas install prompt. Skill-specific requirements vary.
Skill stats
Skills1CategorySalesStars0
About this skill
> US GAAP lease accounting under ASC 842 (Leases). Covers the lessee dual model — every lease (other than short-term) puts a right-of-use asset and a lease liability on the balance sheet, then splits into finance leases (front-loaded interest + straight-line ROU amortization) versus operating leases (a single straight-line total lease cost). Covers lease identification and the finance-versus-operating classification criteria, initial and subsequent measurement, the discount rate, short-term and component elections, variable lease payments, remeasurement and reassessment triggers, modifications, the lessor model (sales-type, direct financing, operating), and sale-leaseback. Produces classification conclusions, journal entries, and a reviewer brief. Issued as the US GAAP edition of the leases topic; see ifrs16-leases for the IFRS edition. MUST load alongside financial-reporting-workflow-base.
Quick start
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> US GAAP lease accounting under ASC 842 (Leases). Covers the lessee dual model — every lease (other than short-term) puts a right-of-use asset and a lease liability on the balance sheet, then splits into finance leases (front-loaded interest + straight-line ROU amortization) versus operating leases (a single straight-line total lease cost). Covers lease identification and the finance-versus-operating classification criteria, initial and subsequent measurement, the discount rate, short-term and component elections, variable lease payments, remeasurement and reassessment triggers, modifications, the lessor model (sales-type, direct financing, operating), and sale-leaseback. Produces classification conclusions, journal entries, and a reviewer brief. Issued as the US GAAP edition of the leases topic; see ifrs16-leases for the IFRS edition. MUST load alongside financial-reporting-workflow-base.
About this listing
Category
Sales
Reported license
AGPL-3.0
Listing language (estimated)
English
Review status
Not individually reviewed
Agent compatibility
Atlas installation supports Claude Code, Codex, and Cursor. Skill-specific dependencies and features are checked during setup.
Claude Code
Codex
Cursor
GitHub Copilot
Gemini CLI