Accounting for Leases: Presentation and Disclosures

October 2021


During the project leading to the new lease standard, it was indicated that the previous disclosure requirements did not provide users with enough information to understand an entity’s leasing activities. To address this, ASC 842 includes enhanced presentation and disclosure requirements.

In this article from our Accounting for Leases Under ASC 842 series, we discuss the expansion of disclosures and how to present leases in the financial statements under the new guidance.

What’s inside:

  • Summary of presentation requirements for lessees and lessors.
  • Guidance around disclosure requirements applicable to lessees, with examples.
  • Guidance around disclosure requirements applicable to lessors.