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Understanding Practical Expedients in ASC 842 Lease Accounting 


FASB Resources

Using the Straight-Line Method of Expense in Lease Accounting

First things first: Let’s set some definitions straight, because straight-line expense is different from straight-line amortization and straight-line...

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What is Sale and Leaseback?

A sale and leaseback agreement is a transaction where the seller of an asset becomes the lessee and the purchaser becomes the lessor. Nothing changes...

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FASB Amends the New Lease Standard: ASU 2018-11

Updated on April 10, 2023: The first amendment in this update allows for private and certain not-for-profit entities to use the written terms of the...

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