Are you prepared to meet the new real estate lease accounting standards
Friday, 14 August 2020 / Published in Lease Accounting, Real Estate
Are you prepared to meet the new real estate lease accounting standards?
International Financial Reporting Standards (IFRS) 16 and Accounting Standards Codification (ASC) 842 – the new lease accounting standards have had a far reaching impact on business across industry sectors. Almost every company has some or other form of rentals/leasing, whether it is equipment, assets, or infrastructure. According to the new mandate every lessee is required
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Are you prepared to manage the impact of new leasing standards
Wednesday, 04 January 2017 / Published in Real Estate
Are you prepared to manage the impact of new leasing standards?
As the new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting standards, is set to come into effect, it is going to potentially change financial reporting standards. Real estate companies will be required to capitalize their property and equipment leases shifting the way commercial property leases are managed and negotiated.
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