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FASB ASU 2016-02, Leases

Foundational amendment source for the Topic 842 lease recognition and measurement architecture.

Authority and currency

About this authority

Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
ASU 2016-02, Section A
Relevant parts
Topic 842 amendments in Section A; current Codification and later amendments control
Currency
current · checked Aug 8, 2026

Open the primary source

ASU 2016-02 supplies the architecture behind Topic 842: identify a controlled right to use an asset, recognize lessee rights and obligations for leases beyond the elected short-term boundary, preserve classification-dependent expense patterns, and connect lessor and sale-leaseback accounting to their own gates.