No one could have predicted the speed and volume of lease changes resulting from the coronavirus pandemic. The impact could be costly and complicated for both lessees and lessors when accounting for lease concessions, impairment of related assets and full or partial termination of lease agreements. Discuss the impact of COVID-19 on accounting for lease arrangements, the differences between Topic 840 and Topic 842 related to accounting for lease modifications and important considerations associated with changing lease classification and other subsequent accounting changes