FASB's Codification (ASC) 842, Leases requires companies to make significant changes in the way they report operating leases. One of the initial challenges for organizations may simply be finding all ...

Under ASC 842, operating leases must appear on balance sheets, altering how deferred rent is recorded. Recognizing deferred rent helps analyze a company's financial health by tracking lease ...

The intention: To more accurately portray leases’ implications for a company’s financial health. Under the new ASC 842 standards, companies must report both operating leases and finance ...