ASC 842 Disclosure Checklist
Category
ASC 842
The ASC 842 disclosure checklist is the complete set of quantitative and qualitative disclosures required by ASC 842-30 for lessees. It includes maturity analysis of lease liabilities, lease cost breakdowns, weighted-average metrics, and qualitative descriptions of leasing arrangements, options, and significant judgments.
Why it matters
ASC 842 disclosures are among the most scrutinized items in financial statement audits. The standard requires far more disclosure than its predecessor ASC 840, including a five-year maturity analysis, separate operating and finance lease cost tables, weighted-average discount rates and remaining terms, and qualitative discussion of significant leasing activity. Missing a required disclosure item is a common audit finding.
How Arvexi handles this
Arvexi generates audit-ready ASC 842 disclosures automatically from portfolio data. The platform produces the complete maturity analysis, lease cost tables, weighted-average metrics, and ROU asset/liability rollforward schedules. Each disclosure item maps directly to the ASC 842-30 requirements, with source data traceable to individual leases.
Explore how Arvexi automates this: Lease Accounting · Lease Review