ASC 842: Difference between revisions
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''US accounting.'' | ''US accounting.'' | ||
Abbreviation for Accounting Standards Codification Topic 842 Leases, issued by the US Financial Accounting Standards Board. | Abbreviation for Accounting Standards Codification Topic 842 Leases, issued by the US Financial Accounting Standards Board (FASB). | ||
ASC 842 requires most leases to be accounted for on the reporting lessee's balance sheet. | ASC 842 requires most leases to be accounted for on the reporting lessee's balance sheet. | ||
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== See also == | == See also == | ||
* [[Accounting standards]] | * [[Accounting standards]] | ||
* [[Financial Accounting Standards Board]] | * [[Balance sheet]] | ||
* [[Capital lease]] | |||
* [[Finance lease]] | |||
* [[Financial Accounting Standards Board]] (FASB) | |||
* [[Financial reporting]] | |||
* [[FRS 102]] | |||
* [[IFRS 16]] | * [[IFRS 16]] | ||
* [[Lessee]] | * [[Lessee]] | ||
* [[Off balance sheet]] | * [[Off balance sheet]] | ||
*[[Operating lease]] | *[[Operating lease]] | ||
*[[US GAAP]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 19:32, 12 February 2023
US accounting.
Abbreviation for Accounting Standards Codification Topic 842 Leases, issued by the US Financial Accounting Standards Board (FASB).
ASC 842 requires most leases to be accounted for on the reporting lessee's balance sheet.
This includes operating leases that were previously off-balance sheet.
