Statements (36)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
accounting standard
|
| gptkbp:affects |
lessors
lessees |
| gptkbp:appliesTo |
public companies
private companies all entities that enter into leases |
| gptkbp:compatibleWith |
inventory
assets under construction biological assets leases of intangible assets leases to explore for or use minerals, oil, natural gas, and similar nonregenerative resources |
| gptkbp:distinctiveFeature |
finance leases
operating leases |
| gptkbp:doesNotChange |
lessor accounting substantially
|
| gptkbp:focusesOn |
lease accounting
|
| gptkbp:fullName |
gptkb:Accounting_Standards_Codification_Topic_842
|
| https://www.w3.org/2000/01/rdf-schema#label |
ASC 842
|
| gptkbp:issuedBy |
gptkb:Financial_Accounting_Standards_Board
|
| gptkbp:objective |
increase transparency and comparability among organizations
|
| gptkbp:partOf |
gptkb:FASB_Accounting_Standards_Codification
|
| gptkbp:publicLawNumber |
842
|
| gptkbp:replacedBy |
gptkb:ASC_840
gptkb:FAS_13 |
| gptkbp:requires |
discount rate determination for leases
lease liability recognition maturity analysis of lease liabilities lessees to recognize lease assets and liabilities on balance sheet right-of-use asset recognition separation of lease and non-lease components reassessment of lease terms under certain conditions disclosure of weighted-average lease term and discount rate disclosure of cash flow information related to leases |
| gptkbp:requiresDisclosureOf |
qualitative and quantitative information about leases
|
| gptkbp:startDate |
December 15, 2018
|
| gptkbp:bfsParent |
gptkb:FASB
|
| gptkbp:bfsLayer |
6
|