Lease accounting comparison | LocalGAAP

Organize identification, term, payments, discount-rate support, measurement, modification, presentation, and transition evidence for each reporting route.

Public scope

Structured context for people and machine readers.

This is a public product and knowledge surface. Illustrative workflows do not establish a professional conclusion, legal or tax advice, guaranteed outcome, or live customer implementation.

  • Contract and lease identification
  • Lease term and options
  • Payments and discount-rate evidence
  • Initial and subsequent measurement
  • Modification and reassessment
  • Transition, presentation, and disclosures

Public knowledge 01

Four-jurisdiction authority and source boundary

  1. 01

    United States: FASB — U.S. GAAP leases topic route — https://fasb.org/standards

  2. 02

    United Kingdom: Financial Reporting Council — FRS 102 leases source route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/

  3. 03

    Canada: Accounting Standards Board — IFRS 16 or ASPE Section 3065 route after entity classification — https://www.frascanada.ca/en

  4. 04

    Australia: Australian Accounting Standards Board — AASB 16 route after entity and contract classification — https://standards.aasb.gov.au/

  5. 05

    Source status: Four routes · transition and entity-class review

  6. 06

    High-level workflow summary only; licensed standards are not reproduced.

Public knowledge 02

Decision areas

  1. 01

    Contract and lease identification

  2. 02

    Lease term and options

  3. 03

    Payments and discount-rate evidence

  4. 04

    Initial and subsequent measurement

  5. 05

    Modification and reassessment

  6. 06

    Transition, presentation, and disclosures

Public knowledge 03

Authority-to-group path

  1. 01

    Official U.S., UK, Canada, and Australia sources

  2. 02

    Entity facts, entity class, and reporting purpose

  3. 03

    Separate qualified local decisions

  4. 04

    Non-equivalence record

  5. 05

    Group impact and separate approval

Public knowledge 04

Professional-review boundary

  1. 01

    This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.

  2. 02

    A comparison record cannot approve a local position, establish group policy, or authorize an adjustment.

Reading path

LLM-readable guide

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