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In early 2016 the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued new lease accounting standards that require major changes to how to account for leases on corporate financial statements. These changes will impact virtually every company to some degree and have created a heightened concern for real estate portfolio managers, CRE leaders and CFOs because of the financial reporting and business implications. This session will provide you with an overview of the new standards and practical advice on what your company can do now to prepare for the changes. You will be better prepared to discuss how the new standards might affect real estate strategies and decision making.
Keywords: CoreNet Global, Summit, North America, Philly2016, FASB, lease accounting, IASB