Please see our article on ASC 842 Lease Accounting just published at http://www.monitordaily.com/article-posts/lessee-side-balance-sheet-reporting/.
Limited to 1,600 words we have tried to present the essence of the new pronouncement to guide management planning. Our accounting system is close to final completion and testing and addresses Lessor and Lessee side reporting optionally. Hopefully, the next 3 months will be quite enough from a tax compliance standpoint to complete the system. On it goes!