Implementing ASC 842

Adopting the standard and moving an existing portfolio onto it: choosing a transition method, posting the entries that result, and planning the portfolio work that follows.

4 articles across 3 groups.

Start here Modified Retrospective Approach: ASC 842 Transition

The transition method almost every adopter uses, and the practical expedients that come with it.

Transition

ASC 842 transition methods comparison Guide | iLeaseProWhat are the key ASC 842 transition methods available to entities? How do the effective dates of ASC 842 impact transition method selection?

Post the opening entries

ASC 842 lease accounting journal entries | iLeaseProHow are journal entries recorded for operating leases under ASC 842? What is the initial journal entry for a finance lease under ASC 842?
ASC 842 Medical Equipment Lease Classification | iLeaseProHow is medical equipment classified under ASC 842? What are the key factors determining a finance vs. operating lease for medical assets?

Plan the portfolio

2026 Lease Portfolio Outlook: Finance & ASC 842 | iLeaseProWhat are the key trends shaping the lease portfolio outlook for 2026? How does ASC 842 compliance impact the 2026 lease portfolio outlook for finance …

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