Beginner
Fixed asset capitalization analysis and coding guide
Helps decide whether expenditures should be capitalized or expensed, and maps them to fixed asset classes. Produces a coding guide and example entries for consistent treatment.
Evaluate capitalization vs expense for the following spend items.
Inputs:
- Spend items list: {spend_items} # description, vendor, amount, date, project, expected life
- Capitalization threshold: {cap_threshold}
- Useful life policy by asset class: {useful_life_policy}
- GAAP/IFRS basis: {accounting_basis}
Deliver:
1) Decision table: Item, Capitalize? (Y/N), Asset class, Useful life, Rationale, Required support.
2) Recommended GL coding (accounts, cost centers, projects).
3) Example journal entries for additions and in-service date.
4) Risks/grey areas and questions for engineering/ops.
Follow the provided policy; if policy missing, propose a reasonable draft.Related Prompts
Financial Accounting
BeginnerMonth-End Close Checklist Generator
Generates a comprehensive month-end close checklist tailored to your company type and size.
ChatGPT-4oClaude Sonnet 4.5Gemini 2.5 Pro
0
0
6
Financial Accounting
AdvancedASC 606 contract intake: performance obligations & allocation
Analyzes a customer contract under ASC 606/IFRS 15: identifies performance obligations, determines transaction price, and allocates consideration. Produces a concise memo and a revenue schedule outline.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
2
Financial Accounting
AdvancedIFRS 15 variable consideration constraint assessment
Evaluates variable consideration and the constraint, documenting probability-weighted outcomes and recognition impacts. Helps controllers defend judgments and build consistent templates across contracts.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
2