Deloitte Executive Summary on Operating Leases (ASC 842)

Deloitte released two PDF documents that detail the pending accounting update to reporting leases (ASC 842). The executive summary does an excellent job of summarizing the change in just 8 informative slides. Per the introduction, this revision will have a substantial impact on company balance sheets:

“Practitioners have estimated that $2 trillion of lease liability (with corresponding recognition of leased assets) will be recorded to S&P 500 balance sheets as a result of the application of the new leasing guidance.”

For most I recommend the executive summary over the unabridged 754 page version available at the link below.

ASC 842
Source: Deloitte | "The Deloitte roadmap to applying ASC 842" | 04/30/2018 | Visit