Lease Accounting (ASC 842 / IFRS 16) Skills for Your Resume
Lease accounting under ASC 842 and IFRS 16 requires lessees to recognize right-of-use assets and lease liabilities on the balance sheet, replacing the prior off-balance-sheet operating-lease model.
How do I put Lease Accounting (ASC 842 / IFRS 16) on a resume?
List Lease Accounting (ASC 842 / IFRS 16) in a dedicated Skills section and prove it inside your experience bullets — ATS software matches exact keywords, so write "Lease Accounting (ASC 842 / IFRS 16)" verbatim rather than a vague synonym. Show the transition work — 'capitalized 200+ operating leases creating $80M in ROU assets during ASC 842 adoption.'. Pair it with related tools you've actually used (us gaap, ifrs, and accounting), and quantify what you delivered with it — for example, what you built, automated, or improved, and by how much.
Follow these tips to effectively showcase your Lease Accounting (ASC 842 / IFRS 16) expertise on your resume:
- Show the transition work — 'capitalized 200+ operating leases creating $80M in ROU assets during ASC 842 adoption.'
- Distinguish operating from finance lease classification and explain the discount-rate (incremental borrowing rate) judgments you made.
- Reference lease software (LeaseQuery/FinQuery, CoStar, Visual Lease) used to track modifications and remeasurements.
- Quantify ongoing accuracy, e.g., 'reconciled monthly lease amortization for a 150-property portfolio with zero audit exceptions.'
Employers who look for Lease Accounting (ASC 842 / IFRS 16) often also value these skills. Consider adding relevant ones to your resume:
These roles frequently list Lease Accounting (ASC 842 / IFRS 16) as a required or preferred skill. View resume examples for each:
Prepare for interviews where Lease Accounting (ASC 842 / IFRS 16) is a key skill. Review common questions for these roles:
Frequently Asked Questions
How do I list Lease Accounting (ASC 842 / IFRS 16) on my resume?
Show the transition work — 'capitalized 200+ operating leases creating $80M in ROU assets during ASC 842 adoption.' Distinguish operating from finance lease classification and explain the discount-rate (incremental borrowing rate) judgments you made. Reference lease software (LeaseQuery/FinQuery, CoStar, Visual Lease) used to track modifications and remeasurements. Quantify ongoing accuracy, e.g., 'reconciled monthly lease amortization for a 150-property portfolio with zero audit exceptions.'
What skills are related to Lease Accounting (ASC 842 / IFRS 16)?
Skills commonly listed alongside Lease Accounting (ASC 842 / IFRS 16) include: US GAAP, IFRS, Accounting, Fixed Asset Accounting, Audit.
What jobs require Lease Accounting (ASC 842 / IFRS 16)?
Jobs that frequently require Lease Accounting (ASC 842 / IFRS 16) skills include: Accountant, Financial Controller, Auditor, Real Estate Analyst.
Showcase Your Lease Accounting (ASC 842 / IFRS 16) Skills Effectively
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