A Roadmap to Applying the New Leasing Standard (December 2019)
Download the PDF version (available without
subscription; not updated after issuance).
View the active version (subscription required; updated as
warranted). For subscribers, links to substantive changes made to the
Roadmap since its issuance, if any, will be provided below.
The body of the Roadmap combines the requirements in 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 and IFRS 16 and (2) recent
standard-setting developments. We hope that this publication will enable entities to
deal with some of the more challenging aspects of ASC 842. This December 2019 update
does not reflect the issuance of ASU 2019-10, which extended the effective date of
the new leasing standard for non-PBEs by one year. For more information about ASU
2019-10, see Deloitte’s November 19, 2019, Heads Up.
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
Summary of Changes Since Issuance (Links Are Available to Subscribers Only)
The following new Q&As were added to this Roadmap since its issuance in February 2019:
Expanded to include Connecting the Dots — Accounting for
a Modification as a Separate Contract
Amended Connecting the Dots — Contract Modifications
Accounted for as a Separate Contract Under ASC 842 Are
Similar but Not Identical to Those Under ASC 606 to
highlight a difference between ASC 606 and ASC 842