ASC 842
FEATURED ARTICLES
All articles in this category pertain to ASC 842. ASC 842 is the most recent FASB lease accounting standard for private and public companies that follow US GAAP. It supersedes ASC 840. This new standard provides guidance on accounting for agreements meeting the standard’s definition of a lease. It also requires operating leases to be recorded on the balance sheet.
Learn more about ASC 842 below.
Recent articles
Best practices for implementing the new lease accounting standard
Learn the best tips for implementing ASC 842.
Lease Purchase Options and More Intersections of Fixed Assets and Lease Accounting Explained with a Full Example
An overview of fixed asset accounting and accounting for leases under ASC 842
The New Lease Accounting Standard Is Here, Are You Ready?
This article provides an overview of the new FASB standard, ASC 842
ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More
A full explanation of ASC 842, the new lease accounting standard, with accounting examples.
Documenting ASC 842 Policies and Procedures
The best procedures for implementing ASC 842
ASC 842 Lease Accounting: Frequently Asked Questions
Frequently asked questions regarding ASC 842
