OpenChainGraph Suite · ART-571 · Lease Accounting & Recompute

Lease Schedule Recompute – ASC 842 / IFRS 16

Recomputes the present value of a declared lease payment schedule and the full effective-interest amortization – liability and right-of-use asset – under ASC 842 and IFRS 16 side by side, from a declared discount rate. Runs the ASC 842 five-criterion finance-vs-operating classification test, with the two judgment-shaped criteria computed only when the caller elects the common 75%/90% bright lines and otherwise declared directly. Optionally diffs either regime's closing liability against a counterparty-supplied preparer schedule within a declared tolerance.

Recompute · discount rate always declared, never derived Bright-line elections labeled, never silent Verdict: MATCHES · DIVERGES · INDETERMINATE

🔒 All inputs are processed locally in your browser. No data is transmitted. Do not enter real personal data – use synthetic or anonymised inputs only.

⚠ Not legal, tax, or accounting advice. Performs arithmetic and a documented classification test only over the lease terms and discount rate you supply – it does not source a discount rate, determine what qualifies as a specialized asset, or reproduce FASB/IASB standard text.

Lease term, discount rate & payments

The demo values below are synthetic and already loaded, so you can press Run without entering anything of your own.

Commencement date

End date

Discount rate, annual (e.g. 0.06 = 6%)

Initial direct costs (minor units)

Lease incentives received (minor units)

Payment schedule (JSON array: date, amount_minor)

ASC 842 classification inputs

Ownership transfers at end of term?

Purchase option reasonably certain?

Specialized asset (no alternative use)?

Elect 75% major-part bright line?

Economic life, years (if elected) / major-part judgment (if not)

Elect 90% substantially-all bright line?

Fair value minor units (if elected) / substantially-all judgment (if not)

Optional preparer diff

Compare regime

Diff tolerance (minor units)

Leave the preparer JSON empty to skip the diff.

Preparer schedule (JSON array: date, liability_balance_minor) – optional

ASC 842 classification

ASC 842 amortization schedule

IFRS 16 amortization schedule

Preparer diff

Findings

Rejected inputs

Execution Hash (SHA-256)

What this does not do

It does not source or infer a discount rate (incremental borrowing rate or rate implicit in the lease), does not determine what qualifies as a specialized asset, and does not source a fair value or economic-life estimate – those are declared inputs. It is not legal, tax, or accounting advice; the FINANCE/OPERATING classification and the MATCHES/DIVERGES/INDETERMINATE diff verdict are citable records of an arithmetic and declared-input evaluation, not a substitute for the preparer's or auditor's judgment.

ART-566 recomputes a different declared-balance reconciliation (trust accounting) using the same never-defaulted-tolerance discipline this node applies to its diff tolerance and bright-line elections.