Accounting Spotlight — Lease Accounting — Planning on Going Public? What You Need to Know About the Potential ASC 842 Implications

Published on: 16 Aug 2022

This Accounting Spotlight discusses certain key accounting and financial reporting matters related to the FASB’s leasing standard, ASC 842, that an entity needs to consider when going public. Specifically, this publication focuses on accounting implications associated with:

  • Determining the appropriate date by which the ASC 842 requirements must be applied to the public-company filing.
  • Establishing the discount rate used to measure the leases as a public company.
  • Applying the business combination model when an entity goes public by being acquired by or merging with a special-purpose acquisition company.


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