The FASB ASC 842 Lease Abstract Checklist and Worksheet

Lease data is at the core of FASB ASC 842 compliance.

Understand the 55 data elements you’ll need to abstract in order to correctly classify and report on leases with this comprehensive checklist and worksheet.

 What’s inside:

  • Why lease data is the heart of FASB ASC 842 lease accounting compliance
  • Why your current lease data isn’t good enough
  • The challenge and impact of equipment lease evaluation
  • Why spreadsheets aren’t going to cut it
  • The 55 lease data elements you need to collect
  • The financial information, key dates, and lease options 
  • A printable worksheet to use for each lease

It’s a comprehensive checklist of the data you’ll need to collect in order to correctly classify and report on each lease.