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ASC 842 & IFRS 16 Compliance: A Complete Guide to AI-Powered Lease Accounting
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ASC 842 & IFRS 16 Compliance: A Complete Guide to AI-Powered Lease Accounting

Navigate ASC 842 and IFRS 16 compliance with AI-powered lease accounting solutions that automate complex calculations.

MAFM Team
5 min read
Jan 10, 2026
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Quick answers

What is ASC 842 and IFRS 16 compliance in lease accounting?

ASC 842 (US GAAP) and IFRS 16 (international) require most leases to move onto the balance sheet, with a right-of-use asset and a lease liability calculated for each one.

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How does AI improve space management and occupancy optimization?

AI finds patterns in badge, booking, and Wi-Fi data that reveal ghost meetings, underused floors, and slow drifts in attendance long before a lease renewal decision is due.

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What are the benefits of predictive vs preventive maintenance?

Preventive maintenance services assets on a fixed calendar. Predictive maintenance uses usage and condition data to service them only as wear approaches failure, extending asset life and cutting emergency repairs.

Compare the two
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