{
  "url": "https://classa.info/glossary/asc-842",
  "title": "ASC 842",
  "description": "US GAAP equivalent of IFRS 16 — on-balance-sheet lease recognition.",
  "oneSentenceAnswer": "US GAAP equivalent of IFRS 16 — on-balance-sheet lease recognition.",
  "tldr": [
    "US GAAP equivalent of IFRS 16 — on-balance-sheet lease recognition.",
    "Effective 2019."
  ],
  "keyFacts": {
    "category": "Accounting",
    "regionScope": "US"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/asc-842), updated 2026-04-01T00:00:00.000Z."
}