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Leases: Hot Topics

These focused Hot Topics are intended for those with an interest in the detailed application of ASC 842.

Leases Hot Topics are periodically added or updated here as new Hot Topics emerge or evolve. Hot Topics are also periodically removed from publication as we incorporate the content into the Leases Handbook.

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Hot Topic: ASC 842 - Year-end lease reporting reminders December 2023 (November 2024)

Hot Topic: ASC 842 - Year-end lease reporting reminders December 2023 (November 2024)

Key presentation and disclosure reminders for preparing financial statements under ASC 842.
Hot Topic: Coronavirus - FASB staff guidance on accounting for COVID-19 (April 13, 2020 [Updated May 28, 2020])

Hot Topic: Coronavirus - FASB staff guidance on accounting for COVID-19 (April 13, 2020 [Updated May 28, 2020])

Hot Topic: Coronavirus - FASB staff guidance on accounting for COVID-19 (April 13, 2020 [Updated May 28, 2020]) Updated: The FASB staff has issued guidance that permits a simplified approach to accounting for COVID-19 related rent concessions – for lessees and lessors. KPMG answers questions about the application of this optional staff guidance
Coronavirus - Lease accounting impacts of COVID-19

Coronavirus - Lease accounting impacts of COVID-19

The economic and financial markets effects of the COVID-19 pandemic may have a number of impacts on companies’ lease accounting under ASC 842. This article follows our recent Hot Topic on accounting for rent concessions resulting from the COVID-19 outbreak.
Hot Topic: Coronavirus and civil unrest impact on lease accounting

Hot Topic: Coronavirus and civil unrest impact on lease accounting

Applying ASC 842 to rent concessions arising from coronavirus and Hong Kong civil unrest related property closures.

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