ASC842 Compliance and IFRS16 Compliance: Delivered. Bloomberg Tax & Accounting Leased Assets provides complex calculations for right of use assets and lease liabilities and manages all types of leased assets. Our SaaS solution allows for accurate classification, accounting, reporting, and reporting of leased assets according to the new standards IFRS 16 (and ASC 842). Integrate multiple ERP/GL/AP, leasing and other internal systems to streamline your workflow. Your clients can be confident that they comply with IFRS 16 and ASC 842. Automated lease accounting processes increase efficiency and ensure accuracy through comprehensive calculations.