For year-end public company filers, the deadline to implementthe new lease-accounting standards (ASC 842 in the U.S. and IFRS 16internationally) is January 1, 2019—less than 60 days away. Mostcompanies have been focused on collecting all the necessary leasedata to achieve compliance, but that is only one piece of asuccessful transition. For those nearing implementation, here are11 key issues to consider in the last 60 days:

1. Accounting Policies, Elections, and TransitionStrategies

To adopt the lease-accounting standards, an organization willneed to update policies—for example, establishing policies for howto define asset classes and classification thresholds. It will alsoneed to elect practical expedients and define its transitionstrategy.