ASC 842

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.

See also

• Accounting standards
• Balance sheet
• Capital lease
• Finance lease
• Financial Accounting Standards Board (FASB)
• Financial reporting
• FRS 102
• IFRS 16
• Lessee
• Off balance sheet
• Operating lease
• US GAAP