CoreNet Global Summits offer opportunities for members to network, learn and be recognized for professional achievements. CoreNet Global Summits bring corporate real estate (CRE) professionals together from across and from all aspects of the profession.
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CoreNet Global offers several ways for members to stay connected to the latest trends and news as it relates to corporate real estate (CRE). In an effort to stay connected to the latest information and CRE news, make sure you take advantage of all the offerings that are made available as part of your membership.
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On February 25, 2016, the Financial Accounting Standards Board (FASB) released Topic 842, which defines the new standard that requires that all leases be recorded on the balance sheet as a “right-of-use” asset and lease liability. This new standard is effective for the first accounting period after December 15, 2018. This will apply to publicly traded corporations, not-for-profit entities that have issued a conduit bond, or a company with an employee benefits plan that files financial statements with the United States Securities and Exchange Commission (SEC).
Keywords: LEADER, lease accounting, FASB, SEC, topic 842
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