For an overview of updates to the ASC site, check out this VIDEO.

PwC is pleased to offer our updated Leases guide that discusses lessee and lessor accounting under ASC 842. The first four chapters provide an introduction and guidance on determining whether an …

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 …

In this handbook, we explain the leases standard in detail. We provide detailed Q&As, examples and observations. Almost all entities are lessees; therefore, ASC 842 affects almost all organizations, …

In February 2016, the FASB issued ASU 2016-02, its long-awaited final standard on the accounting for leases, which was codified in ASC 842. On its effective date, ASC 842 replaces the legacy U.S. …

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.

ASC 842, Leases, is the lease accounting standard under US Generally Accepted Accounting Principles (US GAAP). Issued by the Financial Accounting Standards Board (FASB) in February 2016, it …

ASC 842 is the Financial Accounting Standards Board’s (FASB) lease accounting standard that requires organizations to recognize lease assets and lease liabilities on the balance sheet for …

How to stay compliant with ASC 842 lease accounting standards, covering lease classification, right-of-use asset measurement, remeasurement events, and disclosures

Five years in, FASB's post-implementation review of ASC 842 confirms lease accounting is here to stay — and still complex. Join us to unpack key findings, explore common pain points, and learn practical …