Dec 18, 2025 · ASC 842, also known as Topic 842, is the current FASB lease accounting standard and dictates how organizations reporting under US GAAP should record the financial impact of their leases.

ASC 842 requires a lessee to classify a lease as either a finance or operating lease. Interest and amortization expense are recognized for finance leases while only a single lease expense is …

1.2 Most significant change under ASC 842 The most significant change resulting from ASC 842 is the requirement for lessees to recognize ROU assets and lease liabilities for all leases, other than those …

Mar 15, 2026 · A complete guide of new ASC 842 lease accounting rules and their impact on how operating leases are recorded. Learn how ASC 842 will impact your balance sheet with examples.

Feb 20, 2026 · Accounting for leases can be complex, especially when you have to manage new regulations. Read through our guide to see how you can account under ASC 842.

Almost all entities are lessees; therefore, ASC 842 affects almost all organizations, public and private, across all industries. The assets they lease encompass a wide range, including real estate, …

The practical ASC 842 resource for Controllers and CFOs. Implementation checklist, journal entries, audit-risk prevention, and lease accounting software comparison.