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FASB ASC Topic 842, Leases

Authoritative US GAAP research starting point for lease identification, components, term, payments, classification, lessee and lessor accounting, changes, sale leasebacks, presentation,…

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Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Topic 842 as accessed 2026-08-08
Relevant parts
Topic 842; especially Subtopics 842-10, 842-20, 842-30, and 842-40
Currency
current · checked Aug 8, 2026

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Topic 842 begins with a contract and an identified right of use, not a payment file labeled “rent.” The accounting chain preserves the asset and control evidence, components, dates, term, payment population, rate, classification, and role before it opens a lessee liability, ROU-asset, or lessor net-investment schedule.