Our updated Leases guide provides comprehensive guidance related to the FASB’s new standard.
This guide was partially updated in December 2018.
PwC’s Leases guide is a comprehensive resource for lessees and lessors to account for leases under newly issued US GAAP guidance codified in ASC 842, Leases. Calendar year-end public business entities will need to adopt the new leases standard on January 1, 2019.
So that you're ready to adopt the standard, this guides examines:
This guide was fully updated in August 2018. In addition, select topics were updated in December 2018.
Significant changes made in December 2018 include new guidance for a lessor's presentation of cash flows from sales-type and direct financing leases, and new guidance to reflect interpretive guidance related to lessor presentation of lease revenues for leases transitioned to ASC 842.
The guide has also been updated to reflect interpretive guidance related to a lessee combining or not combining lease and nonlease components in transition.
Have questions after adopting the new leases standard? You're not alone. Hear 5 things to know about lease remeasurements.
© 2016 - 2019 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.