Corporate Real Estate Implications of Planned Lease Accounting: A Working Session

Corporate Real Estate Implications of Planned Lease Accounting: A Working Session


October 2010

The Lease Accounting Group, of the CoreNet Global's Strategy and Portfolio Planning Community, and Newmark Knight Frank, have identified the most significant changes to FAS 13 and their potential impact on corporate real estate. We are here today because there is ambiguity and uncertainty in the marketplace surrounding FASB?s proposed lease accounting changes. Until the final version is released, we do not know what the ultimate impact will be? However, with the release of the Exposure Draft on August 17th, we know the direction in which FASB and IASB are going. The purpose of the webinar is to illuminate some of the major changes in the proposal and present what impact they will have on the financial statement and in the marketplace. We have also interviewed various CRE executives and lease accounting experts who provided varying opinions on the subject, which have been incorporated into the presentation. The topics we will address in this webinar include: ? Impact on financial metrics ? Potential Lease Agreement Structure Changes ? Transition Issues ? Measurement Methodology ? Recognizing ?Right of Use Asset? and ?Obligation to Pay Rent Liability I?d like to take this time now to introduce our distinguished speakers.

Keywords: FASB, 13, IASB, 17, lease, accounting, capital, operating, balance, sheet, operating leases, capital leases, communities

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