Accounting Standards Codification Topic 842
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
accounting standard
|
| gptkbp:abbreviation |
gptkb:ASC_842
|
| gptkbp:affects |
lessors
lessees |
| gptkbp:appliesTo |
public companies
private companies |
| gptkbp:codificationSection |
842
|
| gptkbp:compatibleWith |
short-term leases (12 months or less)
|
| gptkbp:distinctiveFeature |
finance leases
operating leases |
| gptkbp:focusesOn |
lease accounting
|
| https://www.w3.org/2000/01/rdf-schema#label |
Accounting Standards Codification Topic 842
|
| gptkbp:issuedBy |
gptkb:Financial_Accounting_Standards_Board
|
| gptkbp:locationInCodification |
Leases (Topic 842)
|
| gptkbp:objective |
increase transparency and comparability in lease reporting
|
| gptkbp:partOf |
gptkb:FASB_Accounting_Standards_Codification
|
| gptkbp:replacedBy |
gptkb:ASC_840
FASB Statement No. 13 |
| gptkbp:requires |
lessees to recognize lease assets and liabilities on balance sheet
disclosure of qualitative and quantitative lease information |
| gptkbp:startDate |
December 15, 2018
|
| gptkbp:bfsParent |
gptkb:ASC_842
|
| gptkbp:bfsLayer |
7
|