What will Financial Statements look like under ASC 842?
The article presents a side-by-side comparison illustrating how ASC 842 changes the presentation of capital (finance) and operating leases on the balance sheet and income statement, noting that included examples are illustrative and may differ from individual lease transitions.
Side-by-Side Financial Statement Comparison under ASC 842
This article provides a side-by-side comparison of the impact to both the balance sheet and income statement for capital (now finance) and operating leases under ASC 842.
- The examples included are illustrative and may not reflect how your specific leases will appear during and after the transition to ASC 842.
For a detailed comparison, refer to the linked document: Side-by-Side Financial Statements (external PDF).