FinQuery Automated ROU Asset Impairment Review Flags
Each quarter, WebRun opens FinQuery and reviews all active ROU assets for impairment triggering events: early termination decisions, significant modifications reducing scope, locations flagged as partially or fully vacated, or leases with a remaining term shorter than originally expected. It compiles a prioritized flag list and posts it to Slack so your team can initiate a formal ASC 842 impairment assessment before the quarter closes.
How do I automatically flag ROU assets that may need an impairment review under ASC 842?
WebRun reviews your FinQuery ROU asset portfolio each quarter, identifies assets with impairment triggering events such as early terminations, scope reductions, or shortened terms, and posts a ranked flag list to Slack with carrying values and trigger types. Your lease accounting team can then initiate formal assessments before the quarter closes.
- ROU assets with impairment triggers identified before the quarter closes
- Flags ranked by carrying value so the highest exposure is reviewed first
- No impairment charge recorded without a formal accountant assessment
Built for lease accountants · corporate controllers · external reporting teams · internal audit teams
What does WebRun do on every run?
The exact actions WebRun takes, in order - in plain language, so you can adjust anything.
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WebRun signs in and gets to work
Opens
app.finquery.comin a real browser with your saved login - no setup, no API keys. -
1
FinQuery - identify ROU assets with impairment triggers
finquery.com
WebRun opens FinQuery to identify ROU assets with impairment triggers. - Open FinQuery and navigate to the ROU asset portfolio report
- Identify leases with an early termination notice recorded this quarter
- Identify leases with a modification that significantly reduced the leased space or term
- Flag leases whose remaining term has been shortened relative to the original schedule
- Capture ROU asset carrying value, remaining term, and the trigger type for each flagged lease
Done when All ROU assets with a potential impairment trigger are captured with their carrying values and trigger types.
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2
Slack - post prioritized impairment flag list
slack.com
WebRun opens Slack to post prioritized impairment flag list. - Post a quarterly impairment flag list to the lease-accounting channel
- Rank flags by ROU asset carrying value, largest first
- Include lease name, location, carrying value, remaining term, and trigger type for each
- Note that a formal assessment is required and no impairment charge should be recorded without accountant review
Done when The lease accounting team has a quarterly impairment flag list ranked by exposure.
How is each run configured?
Secure by default
Connect once, stays signed in
WebRun signs in once and keeps each session in a persistent environment, so every run picks up right where it left off.
Every action is checked against this policy before it runs.
Questions, answered
Will it record an impairment charge automatically?
No. WebRun only flags assets that may need review. Recording an impairment requires a formal assessment by your accountants and is never automated.
What triggers does it look for?
It looks for early termination notices, modifications reducing scope or term, and leases with a remaining term shorter than the original schedule, all recorded in FinQuery.
Does it calculate the recoverable amount or the impairment loss?
No. It surfaces the triggering event and the ROU asset carrying value. Calculating the recoverable amount and determining whether a loss exists is a human accounting judgment performed after the flag is reviewed.
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