On the Radar: A roadmap for ASC 842 Several economic factors have affected the lease accounting for many commercial real estate entities, including owners, operators, and developers. Explore hot topics, common pitfalls, and more information related to why entities that have adopted ASC 842 should...
Readers with any other questions about ASC 842 should also consult this Roadmap, which serves as a comprehensive guide to the new leasing guidance. Q&A 1 Early Adoption of ASC 842 in an Interim Period Other Than the First Interim Period in a Fiscal Year For ...
In such cases, lease modification (see Chapter 9 of Deloitte’s Roadmap Leases), foreign currency accounting considerations (see Deloitte’s Roadmap Foreign Currency Matters and the Remeasurement of Foreign Currency Transactions section below), or both may arise. Because the nature, scal...
See Deloitte’s Roadmap Business Combinations for more information. Lease Classification As indicated in ASC 842-10-55-11, an acquirer in a business combination should retain the acquiree’s classification of its leases unless “there is a lease modification and that modificatio...