ASC 842 Lease Classification Template for Lessees
Classify leases with confidence under
ASC 842
A straightforward, audit-ready framework that helps your team apply ASC 842 classification rules consistently across every lease.
- Classify leases under ASC 842 with a guided, step-by-step Excel template
- Run lease classification tests with clear, defensible outcomes
- Measure finance and operating leases using structured, consistent inputs
- Standardize assumptions and documentation for audit-ready support
- Accelerate month-end and year-end lease reporting
Embark isn't your ordinary consulting firm
Download the lease
classification template
%201.svg)
Get financial reporting & advisory support from experienced advisors
Embark elevates your financial operations with our financial reporting & advisory solutions:
Financial Audit Readiness & Support
Audits shouldn't keep you up at night. We'll streamline the entire process, minimize surprises, and make sure everything runs smoothly. Transform your audit from a migraine into a well-oiled machine.
Financial Reporting
Take the headaches and worry out of reporting requirements. We combine practical experience and modern tech to transform your financials into clear, insightful reports that keep investors, regulators, and other stakeholders happy.
Internal Audit & Controls
Minimize risk and maximize efficiency with a robust internal audit function and controls. We'll partner with you to spot vulnerabilities and implement the right solutions.
Process Optimization
Mountains of spreadsheets and manual tasks shouldn’t be bogging down your team. We'll optimize your processes so they can focus on what adds true value to the business.
Clean Up
Messy, inaccurate numbers don’t exactly inspire confidence. We’ll clean up your accounting and reporting to give you the reliable data you need to make confident decisions and keep stakeholders smiling.
Outsourcing
Outsource the routine reporting and financial tasks and free your team for high-impact work. We'll handle the daily grind so they can analyze, strategize, and help your business flex its muscles.
Data Analytics & Automation
Make smarter decisions with absolute confidence by harnessing the power of analytics and automation to transform your data into actionable insights.
Management Reporting
See the bigger picture and make confident, proactive decisions. We transform complex data into crystal-clear, real-time insights. Spend less time manually building reports and more time planning for the future.
Team Continuity
Sudden gaps in your team can wreak havoc on your operations and your bottom line. We step in with the skills you need, keeping everything running smoothly. No temps or agency placeholders from Embark, just experienced pros.
Valuation
Navigate complex valuation needs without breaking a sweat. We’ll handle the analysis for goodwill, purchase price allocations, asset impairment testing, and other critical requirements.
Finance Transformation
Transform your finance function into a strategic powerhouse with modernized systems, streamlined processes, and refined team capabilities.
Complex Transaction Analysis & Advisory
Complex reporting standards can derail your focus and decision-making. We provide the GAAP & IFRS knowledge you need for clear compliance and confident strategic choices.
Talk to a consultant about your lease reporting compliance questions
Our client satisfaction scores are more than 70% higher than the industry average — here’s why:
Embark sends the best people, so much so that it makes us think that these people grow on trees. We know they don't and we are grateful for all Embark does for our team.
Amazing supportive attitude supported by a deep and broad knowledge and skill. Our requirement is always 1000% fulfilled by Embark team.
The team is on top of it. They have been understanding and flexible with pricing and timing the engagement. The team, at all levels, is very competent in regards to the project. They stay in constant communication and engage us in a very personal yet professional manner.
We have had great experience with highly competent people in all projects we have engaged them for. In my experience the competence of the folks has been hard to replicate consistently with other companies.
A streamlined & simplified lease classification process for lessees
Our Excel spreadsheet walks you through the testing requirements step-by-step, citing the relevant sections from ASC 842 along the way, along with any intersections with ASC 606, Revenue Recognition.
Download the template