lease-accounting-calculator

# Lease Accounting Calculator ## Overview The Lease Accounting Calculator skill implements ASC 842 and IFRS 16 lease accounting requirements. It calculates right-of-use assets and lease liabilities, handles lease modifications, and supports lease classification determination. ## Capabilities ### Lease Classification Determination - Finance vs. operating lease criteria (ASC 842) - Ownership transfer assessment - Purchase option evaluation - Lease term vs. economic life - Present value vs. fair value test - Specialized nature consideration ### Right-of-Use Asset Calculation - Initial measurement components - Lease liability inclusion - Prepaid rent addition - Initial direct costs - Lease incentives deduction - Restoration obligations ### Lease Liability Amortization - Effective interest method - Payment schedule generation - Variable payment treatment - Index-based adjustment - Residual value guarantee - In-substance fixed payments ### Modification Accounting - Modification types identification - Remeasurement triggers - Separate lease assessment - Gain/loss calculation - Discount rate updating - Remaining term adjustment ### Discount Rate Determination - Rate implicit in lease - Incremental borrowing rate - Risk-free rate consideration - Portfolio rate application - Currency-specific rates - Rate documentation ### Embedded Lease Identification - Service contract analysis - Right to control assessment - Economic benefit evaluation - Direction rights analysis - Separati...