Tag ASC 842

An executive overview of the lease accounting standard from a lessor’s perspective. Key impacts: Lessor accounting is not fundamentally changed, but important differences from ASC 840 exist. Key aspects of the lessor accounting guidance have been aligned with the guidance…

KPMG’s in-depth guide to ASC 842, with Q&As, interpretive guidance and examples. In this handbook, KPMG explains the new leases standard (ASC 842) in detail. We provide detailed Q&As, examples and observations, as well as comparisons to legacy US GAAP,…