What does Finrep do for SEC reporting teams?

Finrep provides purpose-built workflows for SEC reporting including roll-forward analysis, peer alignment benchmarking, comment letter risk detection, filing readiness checks, and AI-assisted disclosure drafting — all grounded in evidence and peer precedent.

How does Finrep help with 10-K and 10-Q drafting?

Finrep's Disclosure Drafting workflow drafts or refines 10-K and 10-Q sections using peer precedent, prior period language, and applicable ASC guidance as grounding sources. Every output is traceable to its source.

Can Finrep help respond to SEC comment letters?

Yes. Finrep's Comment Letter Response workflow drafts substantive, defensible responses to SEC staff comment letters by referencing peer company responses and applicable accounting guidance.

What workflows does Finrep offer for CFO and Controller teams?

Finrep offers Certification Readiness, Cross-Period Consistency, and Board Briefing workflows — covering pre-certification risk summaries, narrative consistency checks, and audit committee-ready disclosure summaries.

Does Finrep support ESG and sustainability reporting?

Yes. Finrep includes ESG Disclosure Benchmark and ESG Regulatory Monitoring workflows, supporting TCFD, SASB, and GRI framework alignment as well as SEC climate disclosure rule tracking.

Which teams in the CFO office does Finrep support?

Finrep supports SEC Reporting, Technical Accounting, Legal Counsel, Investor Relations, Disclosure Committee, CFO and Controller, Tax Team, and ESG Reporting functions.

How is the lease term determined?

Renewal, purchase, and termination options assessed against the reasonably certain threshold with economic factors documented per ASC 842-20-30-1. Significant economic incentive factors identified.

How is the discount rate determined?

Implicit rate determination attempted first. Where not readily determinable, IBR methodology applied with inputs documented (credit rating, collateralization, lease term) per ASC 842-20-30-3.

Does it cover lease modifications?

Yes. New lease vs. modification determination documented. Modification accounting applied with the applicable ASC 842-20-30-1 through 30-3 analysis.

Is the output structured for the policy file?

Yes. Format designed for the policy file and the ROU asset roll-forward. Every conclusion citable and auditor-ready.

Technical Accounting

Lease Contract Analysis

Lease contract analysis is the ASC 842 and IFRS 16 assessment you run before a new or modified lease hits the footnote. Finrep returns the classification, lease term reasoning, discount rate basis, and variable consideration treatment with cited guidance and peer disclosure language, structured for the policy file and the ROU asset roll-forward.

Classification + term + rate

All three outputs cited

ASC 842 and IFRS 16

Both standards covered

Policy file ready

Structured for ROU asset roll-forward

See sample reports

Sample Lease Contract Analysis Reports

See what a Finrep lease contract analysis looks like. Download and review the full output.

Today's reality

Lease Contract Analysis without Finrep

Classification and lease term documented separately with no standard format
Discount rate basis assembled manually from IBR calculations or implicit rate determinations
Variable payment treatment applied inconsistently across leases and reviewers
Documentation not structured for the policy file or ROU asset roll-forward

Technical Accounting · Drafting

The lease hits the system before the accounting is documented. That is the problem.

A new lease or a lease modification triggers a sequence of judgments: is it a lease under ASC 842, what is the lease term including renewal options reasonably certain to exercise, what discount rate applies when the implicit rate is not readily determinable, and how are variable payments treated.

Each judgment has guidance behind it, requires documentation, and affects the ROU asset and liability balances that roll through the footnote. For a complex lease, assembling that documentation correctly takes most of a day.

Without Finrep

Manual process

Classification and lease term documented separately with no standard format
Discount rate basis assembled manually from IBR calculations or implicit rate determinations
Variable payment treatment applied inconsistently across leases and reviewers
Documentation not structured for the policy file or ROU asset roll-forward

With Finrep

Automated workflow

Classification, lease term, and discount rate documented together in a single cited output
Discount rate basis documented with the IBR methodology or implicit rate determination cited
Variable payment treatment applied with ASC 842-20-30-5 or IFRS 16 paragraph cited
Output structured for the policy file and ROU asset roll-forward directly

From lease terms to cited assessment in four steps

Describe the lease and key terms

Enter the lease structure: asset type, lease payments (fixed, variable, in-substance fixed), options (renewal, purchase, termination), and any residual value guarantees.

Finrep applies the ASC 842 or IFRS 16 framework

Lease identification confirmed. Classification determined (finance vs. operating under ASC 842; single model under IFRS 16). Lease term reasoned with renewal option assessment. Discount rate basis documented.

Review variable consideration treatment

Variable payment components identified (index-linked, usage-based, residual value guarantees). Treatment documented with the applicable ASC 842 or IFRS 16 paragraph cited. Remeasurement triggers identified.

Review peer disclosure language

Peer disclosures of similar lease structures surfaced from EDGAR. Shows how peers have described the same classification judgments and discount rate approaches in their footnotes.

What you get

Cited lease assessment with classification, lease term, discount rate, and variable payment treatment

Ask FinaChecklist Benchmarking

Technical Accounting

What Lease Contract Analysis does at a glance

Team: Technical Accounting
Filing phase: Drafting
Output: Cited lease assessment with classification, lease term, discount rate, and variable payment treatment
Modules: Ask FinaChecklist Benchmarking

What changes when every lease judgment is documented before the footnote

Classification with cited guidance

Finance vs. operating classification determined with each of the five ASC 842 criteria assessed and the applicable paragraph cited. For IFRS 16, single right-of-use model applied. Modification analysis included for amended leases: new lease vs. modification determination documented per ASC 842-20-30-1 through 30-3.

Lease term reasoning

Renewal, purchase, and termination option assessment documented with the economic factors considered and the ASC 842-20-30-1 or IFRS 16.19 analysis. Reasonably certain threshold applied. Significant economic incentive factors identified and documented for the policy file.

Discount rate basis documentation

Implicit rate determination attempted and documented. Where not readily determinable, IBR methodology applied with the inputs used (credit rating, collateralization, lease term, currency) and the ASC 842-20-30-3 or IFRS 16.26 basis cited.

Peer disclosure language

How peers with similar lease structures have disclosed classification judgments, lease term assumptions, and discount rate approaches in their ASC 842 or IFRS 16 footnotes, sourced from EDGAR with paragraph links.

Built for the people who document the lease before it hits the roll-forward

Technical Accountant

Classification, lease term, discount rate, and variable payment treatment documented and cited before the lease enters the footnote.

SEC Reporting Lead

Peer disclosure language for similar structures surfaced with EDGAR links. Footnote grounded in documented practice.

FAQ

Operating and finance leases under ASC 842, right-of-use model under IFRS 16, sale-leaseback transactions, and lease modifications. Both lessee and lessor accounting.