Roadmap
Leases (December 2022)
- View the PDF version (viewable without subscription):
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- View the active version (subscription required).
This Roadmap combines the
requirements of the FASB’s leasing standard, ASU 2016-02 (codified as ASC 842), with
Deloitte’s interpretations and examples in a comprehensive, reader-friendly format.
In addition, the Roadmap highlights (1) the requirements of ASC 842 that
significantly differ from those in ASC 840 (the FASB’s previous leasing guidance)
and IFRS 16 (the IASB’s leasing standard) and (2) recent standard-setting
developments (through November 15, 2022).
In this year’s update of the
Roadmap, we have begun the process of converting text that was previously in Q&A
format into regular text format. Although not all Q&As are being converted this
year, we expect to convert the remaining ones as part of subsequent updates.
Moreover, the updated edition of this Roadmap includes some new interpretations and
certain modifications to previously expressed views to reflect our latest thinking
as well as input from standard setters and regulators.
Also available is the latest edition of On the Radar, a high-level
summary of emerging issues and trends related to the
accounting and financial reporting topics addressed in the
Roadmap.
Be sure to check out other titles in Deloitte’s Roadmap
series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting
community.