ASC 842: Unanticipated costs and complexities in adoption

Calendar year SEC registrants are required to adopt the new lease standard (primarily codified in FASB ASC 842) and all related disclosures with their first quarter 2019 Form 10-Qs. The quarterly financial statements and related disclosures show the impact and provide a rich source of information for private companies to learn about the potential impacts of adoption of the lease standard. In this report, we focus on lessons learned from current adopters of the lease standard and related technical accounting