ASC 842: Implementing the New Leasing Standard
With the updated leasing standard from the Financial Accounting Standards Board (FASB) going into effect, companies will need to understand the basic principles and new definition of a lease, as well as the types of leases. Then they will be able to account for them properly, and more information will be transparent to the users.
Freeman, Michelle S.. 2018. ASC 842: Implementing the New Leasing Standard. Management Accounting Quarterly. Vol.20(1). 27-37. https://www.imanet.org/insights-and-trends/management-accounting-quarterly/maq-index/2018/fall-2018?ssopc=1