FASB ASC 842 lessee disclosures: Applicability to non-GAAP financial statements

As our members wade into the implementation of the new lease standard, FASB Accounting Standards Codification (FASB ASC) 842, Leases, the CPEA is receiving inquiries about the applicability of FASB ASC 842 disclosures to non-U.S. generally accepted accounting principles (U.S. GAAP) financial statements. This report addresses the applicability of FASB ASC 842 lessee disclosures to cash, modified-cash, tax, and Financial Reporting Framework for Small- and Medium-Sized Entities (FRF-SME) financial statements.