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here are the three most common ASC 842 implementations that falls number one lack of centralized lease data for most companies many departments have leases this often leads to decentralized information because every department is using their own way of tracking their leases and only capturing information relevant to their use if companies are tracking this all in Excel the accuracy of the data could also be in question without centralized lease data thereamp;#39;s a lack of a single source of Truth this will result in departments using inconsistent information this creates The Perfect Storm for finance teams being unable to readily access reliable data they need to implement ASC 842 number two lack of Team alignment because leases touched many departments within an organization not just the finance team team alignment is critical to the success of any ASC 842 implementation the game team alignment you must first understand the entire lease life cycle by identifying Whoamp;#39;s invol
