Review how the new lease accounting standard has impacted how companies approach critical business decisions and the policies, procedures and internal controls for organizations to consider incorporating post-transition to ASC 842. Explore the various departments involved with ongoing lease accounting and the roles each of those departments fulfill. Examine the real-life application of policies, procedures, and internal controls for month-end close and common lease transactions, such as modifications and remeasurements, terminations, impairments and abandonments.